Author: Mike Calvert (CAPT, USAF.)Publisher:
ISBN:
Category : United States
Languages : en
Pages : 80
Book Description
An Analysis of the Military Retirement Plan Recommended by the President's Commission on Military Compensation
Author: Mike Calvert (CAPT, USAF.)Publisher:
ISBN:
Category : United States
Languages : en
Pages : 80
Book Description
An Analysis of the Military Retirement Plan Recommended by the President's Commission on Military Compensation
Author: Mike CalvertPublisher:
ISBN:
Category :
Languages : en
Pages : 95
Book Description
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).
Report of the President's Commission on Military Compensation
Author: United States. President's Commission on Military CompensationPublisher:
ISBN:
Category : Military pensions
Languages : en
Pages : 220
Book Description
The President's Commission on Military Compensation
Author: Richard V. L. CooperPublisher:
ISBN:
Category : Military pensions
Languages : en
Pages : 20
Book Description
This Commission, headed by Charles Zwick, was created in response to concerns about military costs, effectiveness, equity and morale, and the basic philosophy for setting military compensation. The Commission focused on problems such as retirement, but also managed to deal with minor irritants such as lack of entitlements for junior enlisted men. It struck a careful balance between concerns for cost-effectiveness and concerns for the plight of the individual service member. Regarding retirement, the Commission distinguished between old age retirement and deferred compensation. The recommendation for the old age portion resembles the current Civil Service system. The deferred compensation portion is an innovative plan to establish a trust fund. Those separating from the military could withdraw their portion entirely. For those remaining, up to half could be withdrawn at any time while serving. This plan could reduce total retirement costs by 35-40 percent and encourage those serving 20 years to serve longer.
Final Recommendations from the Military Compensation and Retirement Modernization Commission
Author: United States. Congress. House. Committee on Armed Services. Subcommittee on Military PersonnelPublisher:
ISBN:
Category : Military dependents
Languages : en
Pages : 68
Book Description
Military Compensation and Retirement
Author: Association of the United States ArmyPublisher:
ISBN:
Category : United States
Languages : en
Pages : 24
Book Description
Stakeholder's Views on the Recommendations from the Military Compensation and Retirement Modernization Commission
Author: United States. Congress. House. Committee on Armed Services. Subcommittee on Military PersonnelPublisher:
ISBN:
Category : Military dependents
Languages : en
Pages : 168
Book Description
Reforming Military Retirement
Author: Beth J. AschPublisher:
ISBN: 9780833093400
Category : COMPUTERS
Languages : en
Pages : 105
Book Description
"This report documents RAND analytical support to the Military Compensation and Retirement Modernization Commission (MCRMC). Using the Dynamic Retention Model, the report evaluates MCRMC's proposed military compensation and retirement plan reforms, by service, for officers and enlisted personnel in both the active and reserve components. In addition to generating cost savings, the proposed reforms sustain the current force size and shape"--Publisher's description.
Military Retirement
Author: American Enterprise Institute for Public Policy ResearchPublisher:
ISBN:
Category : History
Languages : en
Pages : 106
Book Description
An Overview of Past Proposals for Military Retirement Reform
Author: John ChristianPublisher: Rand Corporation
ISBN: 0833039873
Category : Business & Economics
Languages : en
Pages : 41
Book Description
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.