Dear Mr. Chairman:

Pursuant to section 674(c) of the National Defense Authorization Act for Fiscal Year 2013, Public Law 112-239, January 2, 2013, I hereby transmit to you and the other members of the Military Compensation and Retirement Commission, the principles for modernizing the military compensation and retirement systems requested by the Act.

I wish the Commission success in its important work.

Sincerely,

BARACK OBAMA