Alexander Votes To Start Debate On Restoring Military Pensions

Monday, February 10, 2014

Senator Lamar Alexander on Monday voted to start debate on legislation to restore pension benefits to military personnel that were cut as part of the Bipartisan Budget Act that Congress passed in 2013. Senator Alexander voted against the budget agreement.

“I voted against the budget agreement in December in part because it took money from pensions in a way that treated military retirees worse than civilian federal employees,” Senator Alexander said. “Today I voted to begin debate because I want the Senate to consider the best way to restore these important benefits.”

One of the provisions in the budget agreement passed by Congress last December cuts cost-of-living adjustments for military pensions starting in December of 2015, affecting the benefits of current retired military personnel, not just future retirees. When he voted against the budget agreement on Dec. 18 of last year, Senator Alexander cited military pensions, as well as his concern that the agreement “avoids the federal government’s most urgent need: reducing the growth of entitlement spending.”

Senator Alexander said in December, “It would have been better to pay for this agreement with a small part of the $1 trillion in entitlement savings that Senator Corker and I have identified in our ‘Fiscal Sustainability Act,’ or with entitlement savings suggested in the president’s budget.”   

To download audio of Senator Alexander’s remarks on restoring military pensions, click here.


CBL Closes Long-Term Fixed-Rate Loan Secured By Ambassador Town Center

CBL & Associates Properties, Inc. on Thursday announced that it closed on a non-recourse $47.7 million loan secured by Ambassador Town Center in Lafayette, La. The seven-year loan bears a fixed interest rate of 3.22 percent and was provided by a new institutional lender. Proceeds from the loan were primarily used to retire the existing construction loans with an aggregate balance ... (click for more)

First Tennessee Bank Presents $50,000 Check To Ancla Insurance And Services

First Tennessee Bank’s Chattanooga Community Development Manager Tracee Smith and Cleveland Community President Mike Griffin presented Ancla Insurance and Services President Beth Underwood with a check in the amount of $50,000 at First Tennessee’s downtown office. The funds donated by First Tennessee will be used to enhance Ancla’s onsite computer lab and build on its lifestyle ... (click for more)

Preserving 90-Year-Old Grammar School Just One Of Challenges Facing Town, Signal Council Told

Rather than spend millions upgrading Signal Mountain ’s historic grammar school so it can continue to house the Mountain Arts Community Center (MACC), it would make more sense to incorporate that project into a larger multi-pronged one that would solve several issues facing the community, according to town manager Boyd Veal.   For example, Mr. Veal said, the current ... (click for more)

Firefighters Put Out Fire In Compost Pile At City's Wood Recycling Center

Chattanooga firefighters were called to a fire at the city's wood recycling center on N. Hawthorne Street around noon on Sunday. Battalion Chief Don Bowman said the smoke and flames could be seen from several miles away.   Firefighters with five fire companies worked to get the blaze under control, using master streams from two aerials and some hand-held hoselines. The ... (click for more)

Improvements Needed At Entrance To Wilcox Tunnel

I am writing this letter to bring to your attention to a city traffic issue that needs to be addressed immediately, the sooner the better. I can see no large cost factor.   Recently, while as a concerned citizen, removing trash and litter from the entry/exit area of the Wilcox Tunnel on the side that runs into Chamberlain Avenue, I fully realized that this area could ... (click for more)

Roy Exum: Looking For A Wife

Coeur d'Alene, Idaho, is a really cool place. I tried to buy a huge mounted buffalo head in an antique store there one time until I found out the shipping charges were four times what the head was worth. But suddenly my rapt attention is riveted on Coeur d'Alene again because a dazzling social experiment is taking place this very moment at a plush resort in north Idaho. Several ... (click for more)