Jared Serbu, DoD Reporter, Federal News Radio

The Senate Armed Services Committee has voted to overhaul the military’s compensation system, shifting it slightly away from a defined benefit structure. The committee would also add a government-matched investment plan similar to a 401k. As Federal News Radio’s Jared Serbu reports, the vote puts both the House and Senate on the same page. But the White House is still studying the issue. Read Jared’s related story.

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