Changing Military Retirement to Care for Service Members and Readiness

Abstract

Recent plans to reduce the military's budget and the size of the active duty force have again led to calls for changing service members' compensation package to save money. Since the current version was conceived in 1949, the military's retirement system remains a prime target for change to save the services money. Contrary to what professional organizations such as the Military Officers Association of America (MOAA) lead many to believe, changing the military's retirement system could take care of more service members while improving the military's readiness. Multiple studies have determined that the current system costs too much, lacks equality, is not comparable to private sector systems, prevents selective retention, and fails to provide management tools for DoD senior leaders to improve readiness. A proposal in the Tenth Quadrennial Review of Military Compensation (QRMC) offers a retirement system with a combination of deferred benefits and deferred compensation as well as incentive pays that would improve the shortcomings of the current system to benefit more service members and improve readiness.

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Document Details

Document Type
Technical Report
Publication Date
Mar 20, 2012
Accession Number
ADA562113

Entities

People

  • David L Wood

Organizations

  • United States Army War College

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Active Duty
  • Business Administration
  • Compensation
  • Department Of Defense
  • Education
  • Employment
  • Enlisted Personnel
  • Governments
  • Human Resources
  • Management Personnel
  • Military Organizations
  • Military Personnel
  • Motivation
  • Noncommissioned Officers
  • Organizational Structure
  • Personnel Management
  • War Colleges

Readers

  • Economics
  • Military Mobilization and Reserve Forces Studies.