The military pension cuts were made to achieve $6.2 billion in savings over 10 years. This bill, if passed, would actually save the government more money, said one legislator

The big unknown is the effect of the stimulus on the equity market, said Zorast Wadia, principal and consulting actuary for Milliman Inc. in New York. A loss [in those markets] could offset gains garnered from higher interest rates.

With baby boomers facing the retire/dont retire decision point, a study by outplacement firm Challenger Gray & Christmas warns that corporate plans based on the dont retire scenario could fall apart.