$572B Defense Bill Nixes Pension Cuts For Disabled Vets

Law360, New York (January 14, 2014, 6:34 PM EST) -- The omnibus 2014 appropriations bill unveiled Monday night includes $572 billion in defense spending, and rolls back a reduction in pensions for disabled veterans that were accidentally included in a cost-cutting initiative passed as part of December's budget deal.

The two-year budget would have saved $6 billion over 10 years by reducing the amount that DOD will pay toward the pensions of working-age military retirees by 1 percent. That proposal generated pushback in Congress, especially after it was revealed that the agreement would cut the benefits...
To view the full article, register now.