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Military families disappointed in federal budget deal

Military families disappointed in federal budget deal

COLORADO SPRINGS, Colo. - Military families worry the federal budget deal could cost them thousands of dollars.

The deal cuts pension cost of living raises by 1 percentage point for military retirees under 62 years old and who are not disabled.  For the average enlisted service member who retires at age 40, that adds up to $83,000.  For an officer, it's $124,000.

One military spouse, Allison Allen, told KRDO NewsChannel 13 that she feels disappointed in Congress.  She and her husband have been planning for retirement.

"Those are the numbers we've been working with our entire adult lives," Allen said.  "It's a huge part of our post-military plan."

The deal also requires that federal workers hired starting in January 2014 pay more into their pension fund.

"All these people who are serving who have given up so much -- I'm really disappointed," said Allen.

The Military Coalition, some 27 military groups, wrote to leaders in Congress and President Obama late Wednesday about their "strong objection" and "grave concern" over the budget deal.

The cut ends up saving the budget $6 billion, according to the Congressional Budget Office.

The Senate will vote next week on the bill. If it passes, it will head to the president's desk for his signature.

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