An Analysis of the Military Retirement Plan Recommended by the President's Commission on Military Compensation

Abstract

The rising cost of the U.S. military retirement system has made it increasingly controversial over the last ten years. Consequently, several study groups have recommended changes designed to reduce costs. The President's Commission on Military Compensation (PCMC) recently recommended broad changes to the military retirement system but did not fully predict the effect of proposed changes on personnel retention. The author compared the estimated total annual cost of the present military retirement system with that of the PCMC under like conditions in order to determine if the PCMC proposal would reduce retirement costs. The retention rates expected by DOD analysts were used. The analysis indicated that the PCMC proposal would result in a cost reduction of 38 percent which is consistent with PCMC claims. The thesis also compares the historical background and current provisions of private, U.S. Social Security, and U.S. military retirement pensions.

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Document Details

Document Type
Technical Report
Publication Date
Jun 01, 1979
Accession Number
ADA072688

Entities

People

  • Mike Calvert

Organizations

  • Air Force Institute of Technology

Tags

Communities of Interest

  • Biomedical

DTIC Thesaurus Topics

  • Administrative Personnel
  • Air Force
  • Business Administration
  • Economic Security
  • Employment
  • Enlisted Personnel
  • Families (Human)
  • Government Employees
  • Law
  • Management Personnel
  • Manpower
  • Military Personnel
  • National Security
  • Organizational Structure
  • Personnel Management
  • Personnel Retention
  • Social Security

Readers

  • Government and Public Administration Law.
  • Life Cycle Cost Analysis
  • Military Mobilization and Reserve Forces Studies.