So the true impact of this Bill is to reduce costs in one area so they can be restored in another.

The Sequester would cut $52 billion from the Pentagon's budget in F. 2014, but if this budget deal goes through those cuts would be moot as the sequester would cease.

To find cost savings in the budget pension figures would be changed in the future in the cost of living adjustment that is an annual feature of government pensions. In the future the COLA would be COL minus 1%. The same will hold true for civilian employees of the DOD.

If a military pension is $22,295, which according to the DOD is the average, and the COLA is 1.5%, which it is for 2014, the increase in pension is $334 a year. Under the new budget it would be on .5%, or $111. This is a reduction of $19 a month.

During the years that the COLA was zero, as it has been several times during the past five years, pension amounts would stay unchanged.

Fox News had an interesting take on this about eighteen months ago.

Are Military Pensions Too 'Generous'? | Fox News