Reforming the Military Retirement System

Abstract

This report applies the models developed in earlier RAND reports (Asch and Warner 1994A, 1994B) to analyze the effects of converting the military retirement system to a system very similar to the Federal Employees Retirement System (FERS), which is the system that covers federal civil service employees. The authors analyze several versions of this system, named the Military Federal Employees Retirement System, or MFERS. To compensate for the mandatory contributions, MFERS would be coupled with a pay raise. To the extent that the MFERS system failed to create the retention and separation patterns needed to achieve the services' desired seniority profiles, it would also include a system of retention bonuses and/or separation payments. The authors consider the implications of this proposal in terms of the effects on cost, force size and structure, productivity, and force management flexibility.

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Document Details

Document Type
Technical Report
Publication Date
Jan 01, 1998
Accession Number
ADA342392

Entities

People

  • Beth J. Asch
  • John T. Warner
  • Richard Johnson

Organizations

  • RAND Corporation

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Active Duty
  • Air Force
  • Business Administration
  • Cost Analysis
  • Department Of Defense
  • Employment
  • Enlisted Personnel
  • Force Structure
  • Governments
  • Military Organizations
  • Military Personnel
  • Personnel Management
  • Probability
  • Recruiting
  • Security
  • Simulations
  • Social Security

Readers

  • Aerospace Research.
  • Defense Acquisition Program Management
  • Naval Personnel Management