On Monday, a group of former Navy officers who worked in the intelligence community made a $25,000 investment in their own retirement fund.
The former members of the Joint Special Operations Command have been advocating for the military’s underfunded and underperforming intelligence community since the start of the year.
The Navy’s intelligence community, including the intelligence, cyber and signals agencies, has been struggling with the cost of its operations.
And despite recent budget cuts, the intelligence workforce has seen a 25 percent reduction in staffing, a trend that has also affected the Navy’s cyber warfare and maritime security units.
The investment from the former Navy members was made through the Joint Graduate Scholarship Foundation.
It was initially intended to help the former officers pay off student loans and other student debt that they have taken on to attend graduate school.
But the former members, along with members of their spouses, are calling for more investment in the fund, which is expected to have $5.6 million in assets by the end of this year.
The fund was started by former Army Gen. James Mattis and then-CIA Director Mike Pompeo, who both have made the case that the intelligence budget is too small to make meaningful changes to the way the military operates.
In a speech to the Institute for Advanced Strategic and Policy Studies in November, Pompeo said, “I believe that the current budget is a critical lifeline for the nation’s intelligence and defense systems.
We can no longer afford to waste the life of this nation’s armed forces by taking short-term and temporary action to reduce the budget.”
On Monday, former intelligence officers who served in the Navy, the Air Force and the Marine Corps called on the government to fund their own personal retirement fund that would allow them to live on their own.
The idea, which was first proposed by former Navy Admiral William Fallon in January, is called the Navy Rotc Scholarship Fund.
The foundation has been accepting applications for the fund since late January.
The fund will be managed by the Navy Department’s Financial Management Division, which manages the retirement savings accounts of other departments, according to the foundation.
The Fund is set to be managed through a trust for the beneficiaries, according a statement from the foundation on Monday.
“We hope to be able to begin collecting all contributions in the next few weeks,” the statement said.
The foundation said it hopes to raise $1.2 million by the first quarter of next year to build a fund that will be able “to provide retirement savings to active-duty military members and their families who would otherwise have no retirement savings.”
The fund is expected receive an initial contribution of $5,000 from the Navy.
If all of the $5 million in contributions is raised, the fund will have a total value of $30 million.
The remaining $25 million will be funded by the military and be administered by the foundation, the statement added.
Former Navy officers are urging the government not to cut the military budget.
In a statement on Monday, Fallon called the current funding “irrelevant” and said the funding could be used to help service members transition into civilian life.
Fallon said the Navy is one of the few military services that has access to retirement savings, and it is “one of the most well-equipped militaries in the world” with a budget that is “more than $200 billion higher than the Pentagon.”
The military’s intelligence, intelligence-related and cyber warfare units, as well as maritime security and cyber operations, are also underfunded.
The Marine Corps has been the most affected, with the service facing an 11 percent reduction since the end.
The Air Force has also seen a 10 percent cut since the beginning of the fiscal year.