Selective Reenlistment Bonuses: Used as an Alternative to Current and Proposed Retirement Plans.
Abstract
Congressional action to cut $2.9 billion from the FY 1986 DoD budget has settled the question of whether retirement benefits will be decreased. The decrease will affect only those individuals entering the services after the proposal is signed into law. The Pentagon is concerned with how this action will affect the attraction of new recruits and the retention of career personnel. Previous reviews of the retirement system have proposed reducing the annuities of the retiree as a method to reduce cost. A fully supported selective reenlistment bonus (srb) program would reduce the costs of retirement while providing an adequate number of personnel to maintain national security. Srbs would provide incentive for career personnel in undermanned ratings to continue service. The desired savings can be attained by reducing the future annuities of overmanned ratings. To succeed there must be monetary offsets established during active duty to reduce the effects of lower retirement annuities. The political sensitivity of the retirement system and the large federal deficit will support retirement pay changes.
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 01, 1985
- Accession Number
- ADA164868
Entities
People
- Robert S. Tallerico
Organizations
- Naval Postgraduate School