The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Plans to Stop Soldiers’ Pensions

Sep 5, 2011

As if the neglect and poor treatment of soldiers and veterans is not scandalous enough already, a new Pentagon consulting group recommends ending the military pension program entirely and replacing it – with a 401(k) personal-savings plan!

It’s the creation of the Defense Business Board, a Pentagon private-sector advisory panel – that is, business interests, already feeding at the military budget trough and hungry for more. They want fewer dollars put into military retirement funds, so that more dollars are available for their very profitable military contracts.

The Pentagon says it is “only a proposal” and that nothing is decided yet.

Workers all across the country who used to have pensions, and now have only 401(k) plans, have heard that line before!