U.S. Rep. Steve Daines, R-Mont., has joined fellow Rep. Michael Fitzpatrick, R-Pa., to introduce legislation that will restore retirement payments to veterans set to feel the effects of reduced pensions as a result of the recently passed Ryan-Murray budget.
H.R. 3788 will offset the $6 billion, two-year budget deal crafted by Rep. Paul Ryan, R-Wis., and U.S. Sen. Patty Murray, D-Wash., which Daines voted against. Daines was one of 94 House members to oppose the Ryan-Murray budget.
“This bill will restore these senseless cuts to veterans’ pensions and ensure that the benefits they deserve and have earned are not sacrificed for Washington’s spending addiction,” said Daines.
The House of Representatives and Senate have both passed a budget that requires cuts to working-age military retirees’ cost of living adjustment before the age of 62.
Cuts apply to all veterans who served the required 20 years needed to receive a pension, and would reduce their annual cost of living adjustment by 1 percent, causing nearly a 20 percent decrease in retirement pay before the age of 62.
The Military Coalition, an organization made up of 27 veteran groups and associations representing more than 5.5 million current and former service members and their families and survivors, sent a letter to House Speaker John Boehner and Minority Leader Nancy Pelosi urging Congress to address the possibly devastating effects that this could have on veterans financially.
The organization wrote, “Ending the harmful effects of sequestration is a top priority for our nation’s security and military readiness, but to tax the very men and women who have sacrificed and served more than others is simply afoul.”
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