Military Retirement: Too Sweet a Deal?
Jared Sperli stashed this in politics
Twenty years until vesting is four times longer than what is legally allowable in a private sector pension. Why? It is coercive. And it’s not just distorting the behavior of the employees, but the employers as well. In 1978, a few years after the All Volunteer Force was enacted into law, the U.S. Government Accountability Office (GAO) was calling for an end to the 20-year cliff in a clearly titled report, Retirement Security: The 20-Year Military Retirement System Needs Reform:
Stashed in: Military!