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Such elimination or actuarial reduction of immediate pensions would affect military retirees at an age when they are likely to have civilian job earnings nished by offering substantial cash bonuses to those involuntarily separated from the services beyond ten years and less than 30 years.
The military retirement system just recently changed. Most will say for the better - some say not. The National Defense Authorization Act for Fiscal Year 2016 created a modernized retirement system for the military. This new retirement system is effective January 1, 2018.