SJR 16: Urging the United States Congress to approve legislation allowing members of the military to receive promised retirement benefits.
00 SENATE JOINT RESOLUTION NO. 16 01 Urging the United States Congress to approve legislation allowing members of the 02 military to receive promised retirement benefits. 03 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 WHEREAS the United States Department of Defense has been asked to identify 05 $487,000,000,000 in cuts from the defense budget during the next 10 years; and 06 WHEREAS a Pentagon-sponsored study recommended substantial changes to 07 military pensions as part of the defense budget cuts; and 08 WHEREAS the Defense Business Board suggested a plan to convert military 09 retirement from the current 20-year vesting system to a retirement system similar to a 401(k) 10 arrangement under 26 U.S.C. 401(k) (Internal Revenue Code); and 11 WHEREAS the suggested plan might not grandfather current service members; and 12 WHEREAS, under the current military pension system, a military service member 13 who serves for 20 years can retire with an immediate pension; and 14 WHEREAS, under a plan suggested by the Defense Business Board, a military 15 service member would not receive pension payments until the member reaches 60 - 65 years 16 of age; and
01 WHEREAS members of the armed forces of the United States should be allowed to 02 maintain their current retirement plan as promised when the member signed up for military 03 service; and 04 WHEREAS Congressman Don Young introduced in the 112th United States 05 Congress H.R. 3520, the Keeping Our Promises Act of 2011; and 06 WHEREAS H.R. 3520 would allow a service member who signed up for military 07 service under the current retirement plan to choose between staying with the current plan or 08 moving to the new retirement system; 09 BE IT RESOLVED that the Alaska State Legislature supports the option that allows 10 members of the armed forces of the United States to keep their promised 20-year retirement 11 benefit; and be it 12 FURTHER RESOLVED that the Alaska State Legislature urges the United States 13 Congress to pass H.R. 3520, the Keeping Our Promises Act of 2011. 14 COPIES of this resolution shall be sent to the Honorable Barack Obama, President of 15 the United States; the Honorable Joseph R. Biden, Jr., Vice-President of the United States and 16 President of the U.S. Senate; the Honorable John Boehner, Speaker of the U.S. House of 17 Representatives; the Honorable Harry Reid, Majority Leader of the U.S. Senate; the 18 Honorable Leon E. Panetta, United States Secretary of Defense; and the Honorable Lisa 19 Murkowski and the Honorable Mark Begich, U.S. Senators, and the Honorable Don Young, 20 U.S. Representative, members of the Alaska delegation in Congress.