House of Reps. Vote on Military Retiree Pensions - KTVN Channel 2 - Reno Tahoe News Weather, Video -

House of Reps. Vote on Military Retiree Pensions

Posted: Updated:

The House of Reps. voted Tuesday to restore cuts in cost-of-living increases for thousands of military retirees under the age of 62.

The cuts were scheduled to take effect in 2015, but now have been eliminated. The measure passed by a vote of 326-90.

The Senate could vote on a similar measure as early as Wednesday.

Earlier this month, a Congressional Research Service report said enlisted members will lose an average of $69,000 over their lifetime.

Representative Steven Horsford (NV-4) voted for S. 25, a bill that repeals part of the December budget deal that included cuts to cost-of-living adjustments for military retirement pay.

"This plan will restore full pension benefits for military veterans," Horsford said. "We owe our brave men and women who serve and defend our country peace of mind in their retirement. America's debt to our veterans can never truly be repaid, but we must make an effort to provide them resources they need when they return home. That includes, at the bare minimum, not targeting their pensions for budget savings."

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.