LOUISVILLE, Ky. (WDRB) -- Veterans are nervous about what would be the biggest overhaul ever to the military pension system.

The plan, proposed by a Pentagon task force, would turn it into a 401K style contribution program. Critics of the current system say it's unfair and expensive, costing $24 billion this year alone, and they say the future liability would grow to $2.7 trillion by 2034.

But, critics say it could discourage people from joining the military.

"My fear is the quality of the force will decline, because the rewards of serving will go down," says retired Maj. Gen. Bob Scales of the U.S. Army.

The proposed plan would give benefits to those who serve less than 20 years, who currently get nothing. It also would give more money to those in combat, or high risk situations.