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Military Retirement System Reform #257284

CBS Evening News for Monday, Apr 10, 1978
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(Studio) Present cost of military retirement system and projected costs, accding. to president commission, reported Cmsn.'s recommendations to President Carter are subject of report
REPORTER: Walter Cronkite

(DC) Panel's presentation of recommendations for cutting costs of military pension program to President Carter noted. [CARTER - knows how difficult and controversial job has been.] Recommendation for halting immediate payment of pension if person retires after 20 years in military noted; expected opposition of every vet group in nation cited. [Retired Officers Association spokesperson George HENNRIKUS - states opposition to this recommendation.] Recommendation to halt double dipping, which allows people like Nick Young to retire, in his case from Navy, and take government job. [YOUNG - cites concerns about halting double dipping practice in government] Other details of panel's recommendations listed. [HENNRIKUS - cites temptation for mil. personnel to leave service early under panel's recommendations.] No. of double dippers making more than Secretary of Defense noted.
REPORTER: Bob Schieffer

Cronkite, Walter;
Schieffer, Bob

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