Alternative Military Retirement Systems: Their Effects on Enlisted Retention

Abstract

The virtues and criticisms of the current military retirement system are described. Then an economic model is developed for analyzing the effects of different retirement systems on retention. The model also can be used to analyze other kinds of changes to the military compensation system. Here it is used to estimate the effects of three retirement plans on enlisted retention and force structure: (1) a two-tier plan that reduces annuities after 20 years of service, (2) a trust fund plan recommended by the President's Commission on Military Compensation that provides some benefits after 10 years but fewer after 20 years, and (3) a two-tier plan recommended by the Secretary of Defense that allows early withdrawal of prospective 20-year benefits after 10 years of service.

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Document Details

Document Type
Technical Report
Publication Date
Sep 01, 1979
Accession Number
ADA084805

Entities

People

  • John T. Warner

Organizations

  • Center for Naval Analyses

Tags

DTIC Thesaurus Topics

  • Active Duty
  • Air Force
  • Classification
  • Compensation
  • Department Of Defense
  • Economic Models
  • Enlisted Personnel
  • Force Structure
  • Management Personnel
  • Marine Corps
  • Organizational Structure
  • Personnel Management
  • Recruiting
  • Reenlistment
  • Security
  • Statistics
  • Steady State

Readers

  • Computational Modeling and Simulation
  • Military Mobilization and Reserve Forces Studies.