Alongside teachers and other state workers, the military is one of the few remaining occupations that still relies on a traditional pension–and their benefits are surprisingly inadequate for many of those who serve. In order to qualify for a pension, Armed Forces members must serve a minimum of 20 years. According to a recent report, only 34 percent of officers and 14 percent of enlisted personnel will stay long enough to qualify. The Department of Defense is now considering switching to a new model that would provide greater portability and enhanced benefits for the same costs.
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