Military Pension Cuts Part Of Federal Budget

Military Pension Cuts Part Of Federal Budget

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Pete Riehm isn't just the head of a local Tea Party group.  He's also retired from the Navy and collecting a pension.

“The only people who actually earned a pension they want to cut and to me that is a bit of a slap in the face,” says Riehm.  If the federal budget passes it would cut the annual cost of living adjustment by one-percent for military pensioners under 62.  Estimates vary but that could mean a loss of $72,000 during a retiree's post military career.  Alabama Senator Jeff Sessions has been the loudest voice trying to undo these pension cuts.  We talked to him over the phone today. 

"It's particularly unfair to me to target military retirees while other generous government pensions aren't being reduced," says Sessions.  He argues tax breaks claimed by illegal immigrants should be cut instead.  A vote on the budget is likely to come sometime this week. 

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