Monday, June 25, 2007

Reserve panel looks at big changes to come

By William H. McMichael - Staff writer
Posted : Friday Jun 22, 2007 21:56:12 EDT

The nation’s top watchdog unveiled an eye-popping statistic during a two-day Capitol Hill hearing: The government’s total cost for compensating part-time and full-time reservists shot up about 47 percent from fiscal 2000 to fiscal 2006.

And that’s in inflation-adjusted 2006 dollars, said David Walker, U.S. comptroller general and head of the Government Accountability Office.

Much of that growth, Walker told the Commission on the National Guard and Reserves, comes from deferred compensation, such as retirement pay and health care benefits.

More at: http://www.navytimes.com/news/2007/06/military_reservists_costs_070622w/