Download or read book The Effects of the Proposed Changes in the Military Retirement System on Retention written by Gilbert C Brunnhoeffer (III.) and published by . This book was released on 1977 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this analysis is to determine the potential effects of the major proposed changes to the Military Retirement System. This analysis is limited to the effects on the military officer corps under the five combinations of percentage reduction and salary averaging formulae that have been proposed for The New Nondisability Military Retirement System. The impact on equivalent salary and retirement benefits of these proposed changes will be significant. However, both the current military compensation and the retirement benefits will exceed current civilian standards in these areas even under the most drastic proposed changes. The major conclusion is that the Military Retirement System is not flexible enough to permit personnel managers to accomplish their management goals. The proposed changes to the system do not promise any greater flexibility. (Author).
Download or read book Blended Retirement System written by Jason F. Ninnemann and published by . This book was released on 2017 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The difficulty in retaining military medical professionals is not a new problem, but one that has been plaguing the military Services for decades. Issues range from having to endure difficult working conditions, time away from family and friends during deployments, pay, and retirement systems that can change over time. One of the greatest benefits, and one that helps retain many of these medical professionals is the promise of a military pension. Once an individual completes a twenty-year Service commitment, they are eligible to receive a pension for the rest of their life. Civilian employers try to entice military physicians away from the military with lucrative contracts and competing retirement plans; some think this will happen more-so as the military switches to a new Blended retirement system. This research paper will evaluate the financial differences between the current military retirement system and the new Blended retirement system which takes effect January of 2018. Three critical decision points in a military physicians career will be analyzed to determine the positives and negatives of the new system on financial benefit. Finally recommendations will be made on additional studies that can be conducted and proposed changes to the new system that could possibly increase retention."--Abstract.
Download or read book An Overview of Past Proposals for Military Retirement Reform written by John Christian and published by Rand Corporation. This book was released on 2006 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: By one estimate, between fiscal years 1995 and 2005, total compensation costs for current and former military personnel increased by almost 60 percent. The military retirement benefit remains a significant portion of these costs, and every change to accessions, retention, and basic pay today will have a future effect on pension expenditures. This technical report provides an overview of the history of U.S. military retirement studies and associated legislation, with a particular focus on the past 60 years of proposed reforms. It is organized around the following five major issues that have driven attempts at retirement system reform: cost, equity, selective retention, civilian comparability, and force management flexibility. The author finds that cost alone is reason to analyze the current retirement system, and reform proposals of the past have focused carefully on cost. However, he also finds that, as the military's mission evolves over time, it is also important to consider the sometimes subtle incentive effects that the retirement system has on service member behavior. Beyond considerations of cost, reform of the military retirement system necessarily involves ramifications for force structure and operational readiness.
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 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the burden of defense borne by reserve forces has increased, more attention has been paid to differences between the compensation systems for the reserve and active components. One particular emphasis is on the retirement systems, a key difference being that reserve members who complete 20 years must wait until age 60 to draw benefits whereas active members can draw benefits immediately upon discharge. This monograph compares the reserve and active retirement systems, discusses the importance of structuring compensation to enable flexibility in managing active and reserve manpower, describes how the debate over reserve retirement reform has differed from active component retirement reform debate, and considers obstacles to reform and how they might be overcome. It also provides a quantitative assessment of several past congressional proposals to change the reserve retirement system in terms of their effects on reserve participation and personnel costs, concluding that proposals to reduce the age at which eligible members may begin receiving retirement benefits are not cost-effective means of sustaining or increasing reserve component retention. It also concludes that a menu of member options can be a powerful tool to maintain morale and overcome obstacles to reform. Current members could be given the choice of staying in the current retirement system or joining the new one, and the choice might be offered over a period of time, say five years. New entrants and reentrants with few years of service might be placed under the new system.
Download or read book The Blended Retirement System written by Beth J. Asch and published by . This book was released on 2021-10-31 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report assesses the effects of the Blended Retirement System on military retention and continuation pay cost for the Air Force, Army, Coast Guard, Marine Corps, and Navy and finds that retention can be sustained relative to the legacy system.
Download or read book Military Retirement Proposed Changes Warrant Careful Analysis written by and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report discusses military retirement. Concerned about its ability to retain personnel, the Department of Defense (DOD) has proposed pay and retirement changes in its fiscal year 2000 budget. The pay proposal includes a 4.4 percent, across-the-board raise and pay table reform that will target increases to noncommissioned officers and mid-grade commissioned officers. The retirement change proposed by DOD is essentially a partial repeal of the 1986 Military Retirement Reform Act, which is commonly called "Redux." After providing background on the differences among the various military retirement systems and how those differences came into being, it will address (1) changes being proposed by DOD; (2) areas where we believe more information is needed; and (3) the opportunity to take a long-term, strategic view of the military compensation system. But first, it will summarize our observations regarding DOD's proposed changes to the military retirement system. Overall, we see no clear indication that the proposed change to the retirement system, which would cost an estimated $13 billion in increased costs and unfunded liabilities, will address the retention issue. While the recently reported downturn in retention rates is of concern, the nature of the retention problem is not clear. Is the problem widespread or is it concentrated in certain military occupations or year groups? Is it a transitory problem attributable to such factors as reduced accessions during the drawdown and the strong economy, or is it the beginning of a long-term problem that will affect the military for the foreseeable future? Understanding the nature of the retention problem is critical in choosing solutions-pockets of problems are best treated with targeted rather than across-the-board solutions, and transitory problems are best treated with actions that can be reversed or eliminated once the problem has receded.
Download or read book Proposals to Change Military Retirement written by United States. Congress. Senate. Committee on Armed Services. Subcommittee on Manpower and Personnel and published by . This book was released on 1986 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Military Retirement written by Sharon Cekala and published by DIANE Publishing. This book was released on 1999-05 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Changes made to the design of many civilian retirement systems over the past 2 decades, along with increasing federal budget pressures, have focused attention on whether the military retirement system is best designed to efficiently meet the needs of the DoD and members of the military services. This report addresses: (1) military retirement costs, (2) the role of military retirement in shaping and managing U.S. forces, and (3) proposed changes to modernize the system and contribute to more efficient force management. Charts and tables.
Download or read book Unintended Effects of the New Military Retirement System written by R. Yılmaz Argüden and published by . This book was released on 1987 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: In June 1986, the Military Retirement Reform Act was signed into law with the intention of saving $2.9 billion in the 1986 accrual funding of the military retirement budget. This Note analyzes the potential effects of the new policy on personnel retention. Previous analyses conducted by the government to assess the effects of this new retirement policy have been based on the annualized cost of leaving (ACOL) model. Here, a new methodology, the dynamic retention model, is used to demonstrate that the ACOL methodology suffers consider able biases and that the potential effects of the new policy on retention are likely to be much greater than the ACOL model predicts. For instance, personnel losses may be larger than expected and the retention of higher quality personnel is likely to be reduced mor than the retention of other personnel. The negative retention effects will probably be observed sooner than the intended cost savings.
Download or read book Military Retirement written by Congressional Service and published by Createspace Independent Publishing Platform. This book was released on 2018-06 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The military retirement system is a government-funded, noncontributory, defined benefit system that has historically been viewed as a significant incentive in retaining a career military force. The system currently includes monthly compensation for qualified active and reserve retirees, disability benefits for those deemed medically unfit to serve, and a survivor annuity program for the eligible survivors of deceased retirees. The amount of compensation is dependent on time served, basic pay at retirement, and annual Cost-of-Living-Adjustments (COLAs). Military retirees are also entitled to nonmonetary benefits including exchange and commissary privileges, medical care through TRICARE, and access to Morale, Welfare and Recreation (MWR) facilities and programs. Currently, active component personnel are eligible for retirement (i.e., vested) after completing 20 years of service (YOS). Reserve personnel are eligible for retirement after 20 years of creditable service based on a points system, but do not typically begin to draw retirement pay until age 60. A third category of retirement is disability retirement. In FY2016, approximately $57 billion was paid to 2.3 million military retirees and survivors. Given the size of the program, some have viewed military retirement as a place where substantial budgetary savings could be made. However, others have argued that past modifications intended to save money have had a deleterious effect on military recruiting and retention. Military retirees, families, and veterans' service organizations closely monitor potential changes to the retirement system. When considering alternatives to the current system, Congress may choose to consider the balance between military retirement system as a retention incentive, budget constraints, and the needs and concerns of their constituents.
Download or read book Reforming the Military Retirement System written by Beth J. Asch and published by Rand Corporation. This book was released on 1998 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current military retirement system dates back to 1947, when Congress implemented a common system for the military services and for officers and enlisted personnel alike.
Download or read book An Analysis of the Military Retirement Plan Recommended by the President s Commission on Military Compensation written by Mike Calvert and published by . This book was released on 1979 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rising cost of the U.S. military retirement system has made it increasingly controversial over the last ten years. Consequently, several study groups have recommended changes designed to reduce costs. The President's Commission on Military Compensation (PCMC) recently recommended broad changes to the military retirement system but did not fully predict the effect of proposed changes on personnel retention. The author compared the estimated total annual cost of the present military retirement system with that of the PCMC under like conditions in order to determine if the PCMC proposal would reduce retirement costs. The retention rates expected by DOD analysts were used. The analysis indicated that the PCMC proposal would result in a cost reduction of 38 percent which is consistent with PCMC claims. The thesis also compares the historical background and current provisions of private, U.S. Social Security, and U.S. military retirement pensions. (Author).
Download or read book Alternative Military Retirement Systems written by John T. Warner and published by . This book was released on 1979 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reforming the Military Retirement System written by and published by . This book was released on 1998 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book A Preliminary System Dynamics Investigation of Alternative Military Retirement Programs written by Michael Flodor Carpenter and published by . This book was released on 1977 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: Numerous proposals for restructuring the military retirement system have been prompted by increasing concern over the growth of personnel costs. In particular, the Retirement Modernization Act, now before Congress, has generated a considerable amount of controversy over its provisions for reducing the size of benefits for 20 year retirees. When future costs are used as a measure of effectiveness for alternative retirement programs, a problem arises because of the interactions between the retirement system and the personnel system. Changes in retirement benefits can induce significant changes in retention patterns, with serious cost implications. This report develops a dynamic model of the Air Force officer personnel system suitable for analyzing the long range effects of alternative retirement programs. The cost impacts of hypothesized changes in retention indicate that any savings in retirement costs may not be large enough to effect a net reduction in total system costs. Furthermore, if unanticipated changes in retention in the lower grades should develop, the increased turnover costs could completely swamp any savings in retirement costs. (Author).
Download or read book Personnel Management in the Military written by R. Yılmaz Argüden and published by . This book was released on 1986-01-01 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Many studies of the military retirement system are based on models whose structures are likely to be changed by the policy interventions that they analyze. Such models could lead to seriously biased predictions of the retention effects of alternative retirement systems. This report examines the adequacy of the existing retention models for retirement policy analysis, quantifies their limitations, suggests improvements, and develops a simulation methodology to test the suggested and future improvements. It also examines the importance of paying analytical attention to the inputs of the retention models."--Rand abstracts.
Download or read book Leading While Blindfolded written by Brent D. Ruhlen and published by . This book was released on 2012 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Months after the Defense Business Board's (DBB) proposal to modernize the military's voluntary retirement system, it was very difficult to find any real measurement of how the current and future service members felt about the proposed changes and how the proposal would affect their intentions to join or stay in the military. Lacking sufficient data sources, the author developed and fielded an online survey to gather the necessary data. The survey sought to answer how current and future military members felt about the DBB's proposal and how they might alter their military tenure intentions under various retirement reform scenarios. Survey responses show that the DBB's proposal would have a negative effect on personnel retention, especially among those members who are currently eligible to retire. Other retirement reform options presented in the survey drew varied responses, none of them overly positive. The author investigates how changes to the military retirement system that delay or reduce the pension payments of current or future retirees will produce increased societal costs. Since the minimum salary of Junior Reserve Officer Training Corps (JROTC) instructors is tied to their military retirement pay, changes that increase the cost to high schools hosting JROTC programs may force schools to abandon their programs due to fiscal constraints in lean economic times. If this happens, many of the at-risk youth targeted by the JROTC programs could lose the mentorship and personal development opportunities the programs provide. Data show that by simply graduating from high school, they have a much better opportunity to break the chains of poverty and reduce the drain on social welfare programs."--Abstract
