Military Times released an exclusive today detailing several brand new proposals to military pensions to cut costs.  They will require congressional action.  Though the proposals are numbers heavy it’s worth the read.  Keep in mind when the military cut pensions from 50% to 40% in the mid ‘80’s, there was a hemorrhage in retention.  It was so bad that the changes were withdrawn after only a couple of years.  The BEST proposal of several presented today establishes a 35% pension rate and the others are even less.