Download or read book A Cost Benefit Analysis of a Military Thrift Savings Plan written by Richard G. De Guzman and published by . This book was released on 2000-12-01 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transition from defined benefit to defined contribution retirement plans represents the most significant change in both the private sector and civil service employee retirement systems in the last twenty years. The Thrift Savings Plan (TSP), a tax-deferred, defined contribution plan for federal civilian employees, was established in 1986 as part of the Federal Employee Retirement System. This thesis discusses the costs and benefits of a TSP plan for the uniformed services. The objective of the research addresses the costs of a military TSP. Government studies, periodicals, and the Internet were examined to identify the strengths and weaknesses of the federal TSP. Next, a probabilistic spreadsheet model using Monte Carlo simulation was developed to forecast deferred tax revenue, which represents the most significant cost associated with a military TSP. An analysis of the results indicates that the simulations come within 2.6 percent of the initial Department of Defense's forecast. On October 30, 2000, the National Defense Authorization Act for fiscal year 2001 was enacted. This act included a military TSP called the Uniformed Services Payroll Savings Plan. It is recommended that future cost estimates use probabilistic spreadsheet modeling to provide more relevant information to the decision making process.
Download or read book A Cost Benefit Analysis of a Military Thrift Savings Plan written by and published by . This book was released on 2000 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transition from defined benefit to defined contribution retirement plans represents the most significant change in both the private sector and civil service employee retirement systems in the last twenty years. The Thrift Savings Plan (TSP), a tax-deferred, defined contribution plan for federal civilian employees, was established in 1986 as part of the Federal Employee Retirement System. This thesis discusses the costs and benefits of a TSP plan for the uniformed services. The objective of the research addresses the costs of a military TSP. Government studies, periodicals, and the Internet were examined to identify the strengths and weaknesses of the federal TSP. Next, a probabilistic spreadsheet model using Monte Carlo simulation was developed to forecast deferred tax revenue, which represents the most significant cost associated with a military TSP. An analysis of the results indicates that the simulations come within 2.6 percent of the initial Department of Defense's forecast. On October 30, 2000, the National Defense Authorization Act for fiscal year 2001 was enacted. This act included a military TSP called the Uniformed Services Payroll Savings Plan. It is recommended that future cost estimates use probabilistic spreadsheet modeling to provide more relevant information to the decision making process.
Download or read book Uniformed Services Thrift Savings Plan written by Mark R. Garrigus and published by . This book was released on 2002-03 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since January 1, 2002, uniformed service members have been able to set aside a portion of their income into a tax-sheltered, defined contribution plan. This study analyzed the level of understanding and perception that military members have concerning the UNISERV TSP. It also assessed the training, education, and awareness levels in the areas of personal finance and federal income tax incentives related to retirement savings vehicles. A 35-question written questionnaire was administered to 189 military members from 43 commands in Navy Region Southwest. The study revealed that the level of training received to date is inadequate and insufficient for Navy personnel to make educated and informed decisions regarding retirement savings in general, including the UNISERV TSP (p less than or equal to .01) . Related conclusions revealed that a non- matching UNISERV TSP has no measurable effect on retention or recruitment and a matching program could improve the contribution rate by 200 percent. The predominate recommendation is for senior leadership to increase their commitment and resources toward training all Navy personnel on the mechanics and long-term benefits of the UNISERV TSP and retirement savings.
Download or read book The Thrift Savings Plan Will Reservists Participate written by and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Thrift Retirement Investment Board conducted a cost analysis and concluded that extending TSP participation to members of the part-time Ready Reserve would be wasteful and a bad idea because the cost of administering a large number of small accounts would be extraordinarily high. The Board recommended that part-time reservists be excluded from participation. The Office of the Secretary of Defense (Reserve Affairs and Compensation, jointly) requested that the analysts working as part of the 9th Quadrennial Review of Military Compensation (QRMC) study this issue. This briefing summarizes our analysis in response to that request. The analysis was conducted within a short time-frame and uses available data sources to estimate the number of part-time reserve participants and their annual expected account contribution. The briefing concludes by offering several policy options.
Download or read book The Thrift Savings Plan Will Reservists Participate written by and published by . This book was released on 2000 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Thrift Retirement Investment Board conducted a cost analysis and concluded that extending TSP participation to members of the part-time Ready Reserve would be wasteful and a bad idea because the cost of administering a large number of small accounts would be extraordinarily high. The Board recommended that part-time reservists be excluded from participation. The Office of the Secretary of Defense (Reserve Affairs and Compensation, jointly) requested that the analysts working as part of the 9th Quadrennial Review of Military Compensation (QRMC) study this issue. This briefing summarizes our analysis in response to that request. The analysis was conducted within a short time-frame and uses available data sources to estimate the number of part-time reserve participants and their annual expected account contribution. The briefing concludes by offering several policy options.
Download or read book A Cost Analysis of the Military Retirement System written by Kyle R. Martin and published by . This book was released on 2004-03-01 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research explores possible changes to the current military retirement system. The research contains a detailed explanation of the current military retirement system and its objectives; a summary of the history and past legislation affecting private sector pension plans and the military retirement system; and a discussion of major analytic studies of the military retirement system since 1969 and their impact on the current system. The costs and benefits of three alternatives to the current system are analyzed using a deterministic and stochastic analysis. These alternatives are based on benefit structure changes not explicitly reducing costs. System restructuring would change the emphasis from cutting benefits to keeping costs constant (or lower) with an equal (or greater) benefit level. This restructuring approach is based on three defined contribution options that have varied contribution percentages. The contribution percentages are designed to provide different levels of incentive for continued military service. The analysis demonstrates that each alternative is an attractive consideration for the DoD because the alternatives are aligned with the objectives of the military retirement system, cost the government less to administer, and provide greater benefit annuities to the service member.
Download or read book Military Cost Benefit Analysis written by Francois Melese and published by Routledge. This book was released on 2018-03-07 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first comprehensive book on Military Cost-Benefit Analysis and provides novel approaches to structuring cost-benefit and affordability analysis amidst an uncertain defense environment and cloudy fiscal prospects. Lifting the veil on military Cost-Benefit Analysis, this volume offers several new practical tools designed to guide defense investments (and divestments), combined with a selection of real-world applications. The widespread employment of Cost-Benefit Analysis offers a unique opportunity to transform legacy defense forces into efficient, effective, and accountable 21st century organizations. A synthesis of economics, statistics and decision theory, CBA is currently used in a wide range of defense applications in countries around the world: i) to shape national security strategy, ii) to set acquisition policy, and iii) to inform critical investments in people, equipment, infrastructure, services and supplies. As sovereign debt challenges squeeze national budgets, and emerging threats disrupt traditional notions of security, this volume offers valuable tools to navigate the political landscape, meet calls for fiscal accountability, and boost the effectiveness of defense investments to help guarantee future peace and stability. A valuable resource for scholars, practitioners, novices and experts, this book offers a comprehensive overview of Military Cost-Benefit Analysis and will appeal to anyone interested or involved in improving national security, and will also be of general interest to those responsible for major government programs, projects or policies.
Download or read book Thrift Savings Plans Effect on Savings and Tax Revenues written by and published by . This book was released on 2001 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Ninth Quadrennial Review of Military Compensation (QRMC) is reviewing ways to structure military compensation to improve military recruiting, retention and manning. Retirement pay is a significant component of the current compensation package, and there is concern that the structure of these benefits is not competitive with that offered by the private sector. The current military retirement system is a defined benefit program, with some limited ability to participate in a thrift savings plan (TSP). In contrast, the private sector increasingly uses defined contribution plans, which give the employee an opportunity to manage at least part of the retirement plan benefits. Expansion of the TSP component of military retirement benefits would potentially increase the attractiveness of military compensation. Given the sheer size of the military, however, several concerns have been raised about the implications of such a dramatic shift in compensation. At least four major questions have been asked questions surrounding the level of service member participation, potential effects on total savings, implications for federal tax revenues, and the administrative costs associated with such a program. memorandum summarizes both the theoretical and empirical literature devoted to these issues. The evidence suggests that participation and contribution rates are strongly related to the size of matching contributions made by the employer. In addition, surveys show that military personnel would increase participation in TSP if the government were willing to make matching contributions. Given the financial risk associated with these plans relative to insured, defined benefit plans, there is also evidence that financial education (preferably provided by the employer) increases employee saving and improves contribution allocation.
Download or read book Questions d un citoyen repr sentant adress es A Mr l avocat written by and published by . This book was released on 1767 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Financial Analysis of Retirement Plan Investment Options for Military Personnel written by Albert R. Baker and published by . This book was released on 2004-06-01 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: This project analyzes retirement investment options currently available to all US service members. Specifically, it reviews eligibility requirements to participate in several investment vehicles, including military pensions, the Uniformed Services Thrift Savings Plan (TSP), traditional and Roth IRA's, annuities and Certificates of Deposit (CD's). Analysis of three notional service member profiles reveals the projected returns with retirement investment options. The information in this report is intended for discussion and initial planning purposes only. It is designed to help service members understand a general course of action that can help meet retirement objectives.
Download or read book Testimony of the Military Compensation and Retirement Modernization Commission written by United States. Congress. Senate. Committee on Armed Services and published by . This book was released on 2015 with total page 836 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Department of Defense Authorization for Appropriations for Fiscal Year 2001 and the Future Years Defense Program written by United States. Congress. Senate. Committee on Armed Services and published by . This book was released on 2000 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Journal of the House of Representatives of the United States written by United States. Congress. House and published by . This book was released on 1990 with total page 1390 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some vols. include supplemental journals of "such proceedings of the sessions, as, during the time they were depending, were ordered to be kept secret, and respecting which the injunction of secrecy was afterwards taken off by the order of the House."
Download or read book A Policy Analysis of Reserve Retirement Reform written by Beth J. Asch and published by Rand Corporation. This book was released on 2013 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the defense burden borne by reserve forces has increased, more attention has been paid to differences between retirement systems for the reserve and active components. This report analyzes the systems, discusses the importance of structuring compensation to enable management flexibility, considers obstacles and how they might be overcome, and provides a quantitative assessment of the reserve retention and cost effects of possible proposals.
Download or read book Comparing the Costs of DoD Military and Civil Service Personnel written by Susan M. Gates and published by RAND Corporation. This book was released on 1998 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the factors influencing the cost-effectiveness of civilianization--in particular, the way in which workforce substitution occurs, and the effects of substitution on the overall workforce.
Download or read book CBO s Analysis of the President s Fiscal Year 2000 Budget written by United States. Congress. House. Committee on the Budget and published by . This book was released on 1999 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Blended Retirement System written by Lightbulb Press and published by . This book was released on 2017-01-15 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: An introduction to the DoD's new BRS, with helpful information for servicemembers about whether to opt-in.
