President Obama said Monday he supports the recommendations of a military commission that would reduce the size of traditional military retirement pay by about 20 percent and offer a new defined-contribution benefit for troops who leave before 20 years of service.
The Unemployment Compensation for Ex-Servicemembers or UCX program provides benefits for eligible former military personnel. With approximately 40,000 active duty service members retiring each year, a significant number of them are in need of employment, who have not yet found work. They may be eligible for UCX based upon the amount of their military retirement pay and the limits in the state in which they are filing.
(Rep. Paul Ryan defends cuts to military retirement in budget bill) Rep. Paul Ryan, Wisconsin Republican, defended controversial cuts to military retirement pay in the budget deal, saying that the need for military compensation reform is “undeniable.”