May
30
2011
Military Report – Gates Suggests Pay Cuts
Gates Suggests Pay CutsWeek of May 30, 2011U.S. Defense Secretary Robert Gates, has long avoided using reductions in military pay and active duty benefits to reduce costs. However pressure from the White House to make $400B in cuts may have forced Gates’ hand. In the past Sec. Gates has sought to squeeze the excess cost from TRICARE, by asking to increase annual premiums and fees for military retirees and to tax their employers if retirees opt out of employer provided health care. Although unwilling to say where these compensation cuts may occur, the fact is Gates has now put military pay on the table.Read more in the Military Advantage Blog.
