The Nation : Military Pension Cut OKd

The Senate voted to approve a compromise military retirement bill worked out by House-Senate negotiators that would cut the pensions of military personnel who enlist after Aug. 1. The Senate approved the House-Senate conference bill on a voice vote, sending the measure to the House for final action. Supporters argued that the bill would reduce military pension costs by 18%, or $3.2 billion annually. Sen. John Glenn (D-Ohio) said the changes would meet “our need to retain qualified men and women in the military services.”