This post features a comprehensive discussion of the current military pay system as well as a description of the substantial changes that become effective for active military who begin service January 1, 2018 or later. We also discuss the options that current service members will have in 2018 and review the factors involved in making the right choices.
In the video “U.S. Military Retirement System in Transition,” Professor David Littell interviews John Cermak, Financial Advisor at First Command Financial Services, about the revised military retirement program. Cermak further explains the logistics behind this new transition, which is to take place in 2018.
Read more about the video on The American College’s blog.