Income Redistribution: An Alternative Approach to Military Pensions.

Abstract

Proposals have been made both within Congress and the Executive Branch to alter the structure of the military non-disability retirement system. The advocates of change, for differing reasons, view with alarm the rapidly increasing cost of military retirement. Each suggests an alternative by which the government will be able to control the growth in military retirement costs. However, these proposals require a reduction in the value of the annuity to be paid to future retirees. An income redistribution alternative is presented which would reduce the annual cost while retaining for future retirees a present value of retirement income equal to or exceeding that provided by the existing retirement system. It was concluded that the complexity and political sensitivity of the military retirement issue precludes change in other than an incremental or indirect manner. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Dec 01, 1977
Accession Number
ADA049860

Entities

People

  • Peter Edward O'connor

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Biomedical
  • C4I
  • Human Systems
  • Materials and Manufacturing Processes
  • Weapons Technologies

DTIC Thesaurus Topics

  • Budgets
  • Congress
  • Employment
  • Enlisted Personnel
  • Governments
  • Law
  • Management Personnel
  • Military Personnel
  • Money
  • Motivation
  • National Governments
  • National Security
  • Personnel Management
  • President (United States)
  • Security
  • Social Security
  • United States Government

Readers

  • Military Mobilization and Reserve Forces Studies.
  • Systems Analysis and Design