Defense Primer: Military Retirement

Abstract

The military retirement system is a government-funded system that provides a defined benefit to all retirees and matching government contributions to the Thrift Savings Plan (TSP) for eligible servicemembers. It has historically been viewed as a significant retention incentive for military personnel. The system includes monthly compensation for qualified active and reserve retirees, disability benefits for those deemed medically unfit to serve, and a survivor annuity program for the eligible survivors of deceased retirees. The amount of compensation depends on years of service (YOS), basic pay at retirement, and annual Cost-of Living-Adjustments (COLAs).

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Document Details

Document Type
Technical Report
Publication Date
Nov 20, 2020
Accession Number
AD1169920

Entities

People

  • Kristy N. Kamarck

Organizations

  • Library of Congress

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Accounting
  • Active Duty
  • Automatic
  • Compensation
  • Congress
  • Copyrights
  • Economic Security
  • Governments
  • Law
  • Manpower
  • Military Personnel
  • Motivation
  • National Security
  • Security
  • United States
  • United States Government

Readers

  • Military Mobilization and Reserve Forces Studies.
  • Rehabilitation and Prosthetic Care for Military Service Members and Veterans with Limb Loss or Disability.