Kay Hagan: “this is a bill Senator Pryor and I have introduced to repeal the harmful cuts to military retirement pay in the recent…”

“this is a bill Senator Pryor and I have introduced to repeal the harmful cuts to military retirement pay in the recent Bipartisan Budget Act. As the Senator from the most military- friendly State in the Nation, I am pleased that we have just voted to advance this important legislation that will affect so many brave men and women from North Carolina and around the country who serve our Nation in the military. These harmful cuts to military retirement pay were included in the recent bipartisan budget that passed the House and Senate with bipartisan support. While I supported the Murray-Ryan budget because it rolled back across-the-board sequester cuts that threaten our military capabilities and the safety of our troops, I am opposed to the provisions in this budget that reduce these cost-of-living adjustments for military men and women who have served our country with honor and distinction. Without action these cost-of-living cuts will take effect in December of 2015. By passing this legislation this week we can keep our promise to our servicemembers and veterans who do not deserve to have their retirement benefits cut. The proposed cuts would affect our current and future retirees who are still serving our country on Active Duty. If allowed to remain, the cost-of-living cuts would cost a typical retiree over $80,000.…”