Blended Retirement System: Effects on Physician Retention
Abstract
The difficulty in retaining military medical professionals is not a new problem, but one that has been plaguing the military Services for decades. Issues range from having to endure difficult working conditions, time away from family and friends during deployments, pay, and retirement systems that can change over time. One of the greatest benefits, and one that helps retain many of these medical professionals is the promise of a military pension. Once an individual completes a twenty-year Service commitment, they are eligible to receive a pension for the rest of their life. Civilian employers try to entice military physicians away from the military with lucrative contracts and competing retirement plans; some think this will happen more-so as the military switches to a new Blended retirement system. This research paper will evaluate the financial differences between the current military retirement system and the new Blended retirement system which takes effect January of 2018. Three critical decision points in a military physicians career will be analyzed to determine the positives and negatives of the new system on financial benefit. Finally recommendations will be made on additional studies that can be conducted and proposed changes to the new system that could possibly increase retention.
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 01, 2017
- Accession Number
- AD1054582
Entities
People
- Jason F Ninnemann
Organizations
- Air Command and Staff College