On January 13th Senator James Inhofe (R-OK) introduced an amendment to restore the military retirement benefits cut by Rep. Paul Ryan (R-WI) and Senator Patty Murray (D-WA).
A press release from Inhofe’s office indicates “Section 403 of the Murray-Ryan Bipartisan Budget Act of 2013… penalizes current and future military retirees by subtracting a full percentage point each year from their Cost of Living Adjustment (COLA) for those under the age of 62 and who retire at the 20-year point.”
Introducing the Amendment, Inhofe explained:
When the President and Congress tasked a commission in last year’s NDAA to review the military retirement system, we made a promise to retirees and those currently serving that they would be grandfathered in from any changes and the benefits they were promised when they enlisted would remain intact.
The budget deal instead cherry-picked its savings from our national security, a well the Obama administration has gone to time and again in an attempt to justify their reckless spending.
Inhofe praised the efforts of various Senators who have tried to right this wrong, but he said it’s not enough to restore in part what should be protected in whole.
“Our men and women in uniform deserve the best,” he added.
Follow AWR Hawkins on Twitter @AWRHawkins.