Military pension board news

Here are some recent news articles and updates related to military pension boards:

Recent News

  1. Military Pension Reform: The Department of Defense (DoD) has announced plans to reform the military pension system, which could affect over 1 million active-duty and retired service members. The changes aim to reduce the cost of the pension system and provide more flexible retirement options. (Source: Military.com, February 2023)
  2. Pension Increase for Veterans: The Department of Veterans Affairs (VA) has announced a 2.8% cost-of-living adjustment (COLA) for military retirees and survivors, effective December 2022. This increase will apply to pension payments made in 2023. (Source: VA.gov, November 2022)
  3. Military Pension Board of Review: The Military Pension Board of Review has announced a new online portal for submitting appeals and claims. The portal aims to streamline the appeals process and reduce processing times. (Source: Military.com, October 2022)

Recent Decisions and Rulings

  1. Court Rules in Favor of Military Retirees: A federal court has ruled in favor of military retirees who were denied pension increases due to a technicality. The court has ordered the DoD to recalculate the pension increases and provide retroactive payments to affected retirees. (Source: Military Times, September 2022)
  2. Pension Board Denies Appeal: The Military Pension Board of Review has denied an appeal from a retired service member who was seeking a pension increase based on a disability claim. The board found that the service member's disability was not service-connected. (Source: Military.com, August 2022)

Upcoming Changes and Proposals

  1. Proposed Pension Reform: The DoD has proposed changes to the military pension system, including a new hybrid pension plan that would combine traditional pension benefits with a defined contribution plan. The proposal aims to reduce the cost of the pension system and provide more flexible retirement options. (Source: Military.com, January 2023)
  2. Increased Pension Payments: The VA has proposed increasing pension payments for military retirees and survivors by 3.8% in 2024. The increase would be based on the Consumer Price Index (CPI) and would apply to pension payments made in 2024. (Source: VA.gov, February 2023)

Resources and Information

  1. Military Pension Board of Review: The Military Pension Board of Review is responsible for reviewing and making decisions on pension appeals. Service members and veterans can submit appeals and claims through the board's online portal. (Source: Military.com)
  2. Department of Veterans Affairs: The VA provides information and resources on military pensions, including pension rates, eligibility, and application procedures. (Source: VA.gov)
  3. Military.com: Military.com provides news, information, and resources on military pensions, including articles, videos, and forums. (Source: Military.com)

I hope this information is helpful!