Military "pensions" are over for new recruits

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Author: Anonymous Date: 4/17/2023 9:03:37 AM +0/-0 Show Orig. Msg (this window) Or In New Window

There is no incentive as the current retirees have. It's a modified 401K. At the crappy pay you start with for many years you don't make much to put into it either (similar to the civil sector).
That's the point everyone is trying to make.

Yes, flight training is free but your choice of what you get to do during the 12 years mandatory service is extremely limited and those 12 years are VERY long and the stupidity and stupid woke leadership is worse than years past. Deployments have slowed but not by much.
A knucklehead private who all he has to do is shut his eyes and jump during a para-drop gets more in airborne pay the first year than a new flight school trainee gets in flight pay. Stupidity like that.
I've seen a ton of failed marriages from military careers too.

Yes, it will be painful doing tours/CFI while you're young to get the hours to get to something else but you'll get there in a way shorter time to the hopeful job that pays better and start making money that can go into a 401K sooner than the CW3/O4 could.
Better yet, go FW and get on a faster track to better pay and quality of life.

To be honest, if a CW3/O4 gets out early to go civil it probably works out the same as a civilian except the mil guy/gal will have less flight time.

If they retire at 20, the only thing is they have lifetime Tricare Family at something like $250/mo which is a sweet deal... but no "pension" like the old-timers. That incentive is over for anyone starting out now.

Oh, if you retire you still have access to PX/commissary but big whoop; you have to live by a base/post and those deals aren't what everyone make them out to be. No better deals than Costco or Sam's club... for real, they work out the same cost-wise.

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