Monday, February 18, 2013

Military Retirment System is Underfunded by over 1 Trillion

Look folks I told you the Military Retirement System is broke but is protected by law while Social Security and FERS isn't.  Here is the latest audit for the Military Retirement Fund.  Notice in the chart below at the end of Fiscal 2012 it already has 1.1 Trillion Dollars in unfunded liabilities which will have to be funded by the government.  By the end of 2022 I project it will be near 2 Trillion.  Remember folks this retirement system is protected by law and the government will have to fund the liabilities which will add at least 2 Trillion to the National Debt if not more.  Nobody is talking about this.   


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