Matthew March, a first class electronic technician at the Corry Station Naval Technical Training Center near Pensacola, Florida, is entering his tenth year of service. By then, a sailor usually has decided to stay in for a career. March, however, says he will not stay beyond his current enlistment contract, which expires in less than a year, unless something is done to improve his retirement package.
"I see fellow service members who will be getting hundreds of thousands of dollars more over a typical lifespan than I would," he says. "And that is just not fair nor equitable."
March, like a million other service members who entered the military after 31 July 1986, falls under a retirement plan dubbed "Redux" by Defense Department actuaries. It will pay a 20-year retiree roughly 25% less over a lifetime than the Final Basic Pay plan for current retirees.