The 20-year military retirement system will not change in the near future, Defense Department officials said.
AFPS reports Navy Adm. Mike Mullen, chairman of the Joint Chiefs of Staff, told troops in Afghanistan July 31 there was no immediate plan to affect retirement.
A corporate-style program would replace the current system and all troops would receive yearly contributions, regardless of whether they stay 20 years.
The full board approved the group’s recommendations and the group will issue a final report by the end of the month.
“Any recommendation to change the military retirement system must be approached with thoughtful analysis, to include considerations of impacts to recruiting and retention,” Pentagon spokeswoman Eileen Lainez said.