Some "High-3" retirees receive less retirement pay than earned

06/14/2013 | Stars and Stripes

About 55,000 retirees are getting less retirement pay than mandated by law because of the way the Defense Finance and Accounting Service calculates benefits, an audit of the Military Retirement Fund has found. The discrepancy is a result of DFAS failing to apply a pay-protection tool known as the Tower amendment when calculating pay for some retirees who fall under the "High 3" retirement-pay formula.

View Full Article in:

Stars and Stripes

Published in Brief:

SmartBrief Job Listings for Government & Nonprofit

Job Title Company Location
Healthcare Grants Specialist
Los Angeles LGBT Center
Los Angeles, CA
Press Secretary
Aerospace Industries Association
Arlington, VA
Development DIrector
Jacksonville Area Sexual Minority Youth Network, Inc.
Jacksonville, FL
Global Quality Assurance Engineer, Software #514021
LORD Corporation
Cary, NC
Sr. Certification Engineer #514049
LORD Corporation
Cary, NC