On Military Retirement…
I am a Nuclear Navy Submarine Chief (E7 at 8 years) and can guarantee you that if the military retirement went away or significantly changed you would not have any nuclear sailors stay in the Navy, and thus our precious 12 Aircraft Carriers and 60+ Submarines would not be able to go to sea.
At first glance this doesn’t make sense as Navy Nukes already get paid more than any other job in the Enlisted Navy. In addition to Base Pay, we get Submarine pay (~$300/month), Nuclear Operator Pay (~$400/month), and Sea Pay (~$300/month). Not to mention reenlistment bonuses of $60,000-$90,000 for adding as little as 4 years to our contract. Back in 2005 I was an E4 when I reenlisted for 4 years with a $60,000 bonus (half up front).
I will not however do this job past my current enlistment because of three reasons-
1. The job sucks- 80 hour work weeks and deployments are hard on my family
2. I can get paid more and work less at a civilian nuclear plant
3. Will military retirement be there for me in 2022? I certainly will not put the strain on my body and my family to ‘wait and see.’
So if you want to destroy our country's ability to project power, then yeah, take away retirement. I'm sure you will have no shortage of grunts to 'run around with guns' (have tons of respect for them), but you won't be able to keep those with technical skills happy.