Retirement News | Military Times

Retirees to see smaller Social Security COLA boost as inflation eases

The cost-of-living adjustment is significantly less than last year’s, which at 8.7% was the largest bump in four decades.

8 weeks ago

Soldiers worry that ROTC admin error could upend retirement plans

Former participants in a popular Army education program worry they may be forced to delay their retirement plans after the discovery of an admin error.

2 months ago

Mil Money

Blended Retirement System is helping troops prepare for their future

Five years into the new Blended Retirement System, troops' retirement stashes are growing.

Military retiree COLA may shrink in 2024. Here’s why that’s OK.

Experts predict a much lower cost-of-living adjustment to retirement pay and annuities as inflation rates cool off.

6 months ago

Military retirees to be booted from bases in Turkey. Who’s next?

Changes at Aviano Air Base, Italy, are under review, and a cut-off of military mail privileges was announced last summer in the Phillipines, then delayed.

6 months ago

DoD pauses debt collection for retirees overpaid due to Navy error

“I’m sure DFAS is looking at the Navy like, what the hell did you do to us?," said one affected retiree.

7 months ago

Navy error upends pay for more than 1,200 retirees

A Navy "software issue' has led to issues with the pay of 1,283 retirees.

7 months ago

Thousands of independent pharmacies now able to rejoin Tricare network

Many community pharmacies never received the proposed contract for the 2023 retail network, according to the National Community Pharmacists Association.

13 months ago

Military spouse unemployment financial fallout is far-reaching

Active duty spouses have saved a small fraction of what they'll need in retirement, according to a new report.

15 months ago

Are overseas retirees about to lose military postal privileges?

One major concern is how military retirees overseas will get their mail-order medications through Tricare Express Scripts.

18 months ago

Tricare open enrollment begins — and your costs may go up

If you want to make changes to your Tricare coverage, or enroll in a plan, you must do it by the open season deadline.

2 years ago

CVS returns to the military Tricare pharmacy network. Walmart’s out

Walmart officials, who signed an agreement with Express Scripts Sept. 30 to continue in the network, were surprised by the news they're out.

2 years ago

Ensign Kaitlyn Leibing, right, helps Hospitalman Angela Mello don personal protective equipment (PPE) before entering a COVID-19-positive, non-critical patient’s room at Naval Medical Center San Diego on Aug. 4, 2020.

Moving more military patients out of MTFs could cause them ‘significant harm,’ study finds

Military patients are getting better quality of inpatient care in MTFs, compared to those getting care in local civilian hospitals.

2 years ago

Pharmacy costs increasing Jan. 1 for active-duty families, retirees and others

After holding the line on cost of meds for 2021, Tricare officials are increasing the cost anywhere from $1 to $8 for 2022.

2 years ago

More than 500K in the military community need to renew their expired ID cards soon

Also, no more ID cards for 10-year-old children, as DoD moves that eligibility to children ages 14 and older.

2 years ago

Some newly retired sailors’ pay and Tricare benefits affected by technical glitches

The Navy's transition to a new personnel system has also affected some active-duty sailors’ pay, ID cards and Tricare benefits.

2 years ago

Short on expertise, Army Guard, Reserve want to snag retired warrants

Army Secretary Christine Wormuth approved the program on July 1.

2 years ago

Exchange shopping approved for more than half a million DoD, Coast Guard civilians

New policy directs in-store shopping privileges within 30 days for DoD and Coast Guard civilians

3 years ago

Retiree’s wife: Here’s what to do if you think you’re still covered under Tricare Select

“My concern is that we thought we had done it all correctly and were never notified of the error. We ended up spending a month scuba diving without health insurance." -- retiree's wife.

3 years ago

Military Retirement

Comprehensive news and information from Military Times about the military retirement system

The cost-of-living adjustment is significantly less than last year’s, which at 8.7% was the largest bump in four decades.

Former participants in a popular Army education program worry they may be forced to delay their retirement plans after the discovery of an admin error.

Five years into the new Blended Retirement System, troops' retirement stashes are growing.

Experts predict a much lower cost-of-living adjustment to retirement pay and annuities as inflation rates cool off.

Changes at Aviano Air Base, Italy, are under review, and a cut-off of military mail privileges was announced last summer in the Phillipines, then delayed.

“I’m sure DFAS is looking at the Navy like, what the hell did you do to us?," said one affected retiree.

A Navy "software issue' has led to issues with the pay of 1,283 retirees.

Many community pharmacies never received the proposed contract for the 2023 retail network, according to the National Community Pharmacists Association.

Active duty spouses have saved a small fraction of what they'll need in retirement, according to a new report.

One major concern is how military retirees overseas will get their mail-order medications through Tricare Express Scripts.

If you want to make changes to your Tricare coverage, or enroll in a plan, you must do it by the open season deadline.

Walmart officials, who signed an agreement with Express Scripts Sept. 30 to continue in the network, were surprised by the news they're out.

Military patients are getting better quality of inpatient care in MTFs, compared to those getting care in local civilian hospitals.

After holding the line on cost of meds for 2021, Tricare officials are increasing the cost anywhere from $1 to $8 for 2022.

Also, no more ID cards for 10-year-old children, as DoD moves that eligibility to children ages 14 and older.

The Navy's transition to a new personnel system has also affected some active-duty sailors’ pay, ID cards and Tricare benefits.

Army Secretary Christine Wormuth approved the program on July 1.

New policy directs in-store shopping privileges within 30 days for DoD and Coast Guard civilians

“My concern is that we thought we had done it all correctly and were never notified of the error. We ended up spending a month scuba diving without health insurance." -- retiree's wife.