Reinventing Military Retirement.

Abstract

The thesis examines the possibility of applying private sector retirement plan principles to the military retirement system. The increasing cost and generosity of military retirement coupled with political pressures to reduce federal spending have focused attention on reforming the military retirement system. Previous studies of the military retirement system are addressed and critiqued. Private retirement options are reviewed and a 401(k) plan is proposed to replace the current military retirement system. The new retirement system would eventually reduce federal outlays for military retirement by 66 percent while covering all service members. The role of retirement compensation in shaping force structure and retention are addressed. The thesis concludes that privatizing military retirement is feasible and less costly than the current military retirement system while still meeting most of the objectives of military retirement compensation.

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Document Details

Document Type
Technical Report
Publication Date
Dec 01, 1995
Accession Number
ADA306825

Entities

People

  • Mark D. Pyle

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Biomedical
  • Human Systems

DTIC Thesaurus Topics

  • Business Administration
  • Cost Reductions
  • Employment
  • Enlisted Personnel
  • Force Structure
  • Governments
  • Health Services
  • Law
  • Management Personnel
  • Military Personnel
  • Money
  • National Governments
  • National Security
  • Organizational Structure
  • Personnel Management
  • Public Policy
  • Systems Management

Readers

  • Economics