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Effects Of The Blended Retirement System On United States Army Reserve Participation And Cost
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Book Synopsis Effects of the Blended Retirement System on United States Army Reserve Participation and Cost by : Beth J. Asch
Download or read book Effects of the Blended Retirement System on United States Army Reserve Participation and Cost written by Beth J. Asch and published by . This book was released on 2019-12-05 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analysis of the new Blended Retirement System (BRS) finds that it can sustain U.S. Army Reserve participation relative to the legacy system. The analysis also predicts continuation-pay cost and the percentage of reservists opting in to the BRS.
Book Synopsis A Policy Analysis of Reserve Retirement Reform by : Beth J. Asch
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.
Book Synopsis Reserve Forces by : United States. General Accounting Office
Download or read book Reserve Forces written by United States. General Accounting Office and published by . This book was released on 1990 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Blended Retirement System by : Beth J. Asch
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.
Book Synopsis Military Personnel by : United States. Government Accountability Office
Download or read book Military Personnel written by United States. Government Accountability Office and published by . This book was released on 2004 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Overview of Past Proposals for Military Retirement Reform by : John Christian
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.
Book Synopsis The Military Compensation and Retirement Modernization Commission's Blended Retirement Plan by : James Grefer
Download or read book The Military Compensation and Retirement Modernization Commission's Blended Retirement Plan written by James Grefer and published by . This book was released on 2016 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines the impact of the new military blended retirement system (BRS) on various U.S. Marine Corps force management objectives (FMOs). We estimated the effect of the retirement system changes on active component (AC) and reserve component (RC) force profiles and personnel costs and the financial impact on individual AC Marines. Our results depend on assumptions about personal discount, BRS opt-in, Thrift Savings Plan contribution, and return-on-investment rates. Our baseline estimates of the effects on FMOs use the assumptions in the Military Compensation and Retirement Modernization Commission (MCRMC) final report. We tested the sensitivity of our estimates to changes in the MCRMC assumptions and found that enlisted force profiles change very little, while enlisted personnel cost-saving estimates are more varied. Estimates for AC officer FMOs are more sensitive to changes in the assumptions.
Book Synopsis Blended Retirement System by : Lightbulb Press
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.
Author :National Academies of Sciences, Engineering, and Medicine Publisher :National Academies Press ISBN 13 :0309489539 Total Pages :385 pages Book Rating :4.3/5 (94 download)
Book Synopsis Strengthening the Military Family Readiness System for a Changing American Society by : National Academies of Sciences, Engineering, and Medicine
Download or read book Strengthening the Military Family Readiness System for a Changing American Society written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2019-10-25 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. military has been continuously engaged in foreign conflicts for over two decades. The strains that these deployments, the associated increases in operational tempo, and the general challenges of military life affect not only service members but also the people who depend on them and who support them as they support the nation â€" their families. Family members provide support to service members while they serve or when they have difficulties; family problems can interfere with the ability of service members to deploy or remain in theater; and family members are central influences on whether members continue to serve. In addition, rising family diversity and complexity will likely increase the difficulty of creating military policies, programs and practices that adequately support families in the performance of military duties. Strengthening the Military Family Readiness System for a Changing American Society examines the challenges and opportunities facing military families and what is known about effective strategies for supporting and protecting military children and families, as well as lessons to be learned from these experiences. This report offers recommendations regarding what is needed to strengthen the support system for military families.
Book Synopsis Rescuing Reserve Recruiting and Retention from the New Blended Retirement System by : Sheila W. Wilds
Download or read book Rescuing Reserve Recruiting and Retention from the New Blended Retirement System written by Sheila W. Wilds and published by . This book was released on 2018 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The National Defense Authorization Act of 2016 created a new military retirement structure called the Blended Retirement System, transforming a legacy system that had remained largely unchanged for nearly 70 years. The new system is designed to ensure a greater percentage of service members leave with a portable retirement benefit by changing the vesting point from 20 to two years of service. While this may seem like a great concept for the active duty military services, attracting more young recruits who may not be interested in staying for a full career, the concern is that it will impact recruiting and retention efforts for the reserve components. This paper compares and contrasts the three different retirement systems that are now available as of 1 January 2018. It then analyzes recruiting and retention, both broadly for the United States Military and specifically for the Air Force Reserve. Finally, the paper recommends instituting a career milestone bonus (with multiple payout options) to help mitigate some of the expected effects of the new retirement system. It is important to note that all data in this paper is based on past research and models of years of service with respect to retirement. With the new Blended Retirement System in its infancy, the paper attempts to make an educated guess about what people might do but it is hard to predict human behavior and what might influence their decision calculus. It is certainly easier to identify the existence of a problem than its underlying causes. While this paper focuses on the Air Force Reserve, correlations can likely be tied to all of the Department of Defense's reserve components."--Abstract.
Book Synopsis Assessing Compensation Reform: Research in Support of the 10th Quadrennial Review of Military Compensation by :
Download or read book Assessing Compensation Reform: Research in Support of the 10th Quadrennial Review of Military Compensation written by and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Military retirement reform has been a central element of the policy debate regarding why and how to restructure the system for compensating members of the U.S. armed forces. Concerns about the compensation system, and the retirement system specifically, include the rising cost of military compensation and the need for greater efficiency in the provision of compensation, the greater need for flexibility to reshape the force as missions change in ways that challenge the current compensation system, and issues related to the equity of military retirement benefits of active versus reserve personnel, junior versus senior personnel, and military personnel versus their civilian counterparts. Active members can claim retirement benefits before reservists can; junior members who leave prior to completing 20 years of service do not qualify for retirement benefits, unlike their more senior counterparts; and the 20-year vesting rule is outside the civilian vesting norm of 5-7 years of service, under the Employee Retirement Income Security Act of 1974 (ERISA). The 10th Quadrennial Review of Military Compensation (QRMC), building on previous studies and commission reports, including the 2006 report of the Defense Advisory Committee on Military Compensation (DoD, 2006) and the 2000 report of the Defense Science Board Task Force on Human Resources Strategy, has proposed an alternative military retirement system that addresses concerns regarding the current system while still sustaining the force. The defined benefit (DB) and defined contribution (DC) plans are the foundation of the alternative system considered in this analysis. RAND was asked to develop a modeling capability to assess compensation alternatives, such as the QRMC proposal, in terms of their effects on military retention, retirement behavior, vesting, cost, reserve participation, and the value of compensation from the perspective of the member leaving active duty. This monograph presents the results of that study.
Book Synopsis Retirement Information Guide by : Lewis Research Center. Employee Relations Section
Download or read book Retirement Information Guide written by Lewis Research Center. Employee Relations Section and published by . This book was released on 1979 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Updated Look at Military and Civilian Pay Levels and Recruit Quality by : Troy D. Smith
Download or read book An Updated Look at Military and Civilian Pay Levels and Recruit Quality written by Troy D. Smith and published by . This book was released on 2021-10-31 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comparing military pay with civilian pay, the authors find that military pay in 2017 was above the 70th percentile of civilian pay. It was at the 85th percentile for enlisted personnel and the 77th percentile for officers.
Book Synopsis Setting Military Compensation to Support Recruitment, Retention, and Performance by : Beth J. Asch
Download or read book Setting Military Compensation to Support Recruitment, Retention, and Performance written by Beth J. Asch and published by . This book was released on 2020-02-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on a large body of research, this RAND Arroyo report, part of a series, provides an examination of the role of military compensation as a strategic human resource tool, how well it fulfills that role, and how it could be improved.
Book Synopsis FERS, Federal Employees Retirement System by :
Download or read book FERS, Federal Employees Retirement System written by and published by . This book was released on 1996 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Retention of Enlisted Maintenance, Logistics, and Munitions Personnel by : Albert A. Robbert
Download or read book Retention of Enlisted Maintenance, Logistics, and Munitions Personnel written by Albert A. Robbert and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past ten years, maintenance career fields in the U.S. Air Force have been negatively affected by a series of events that have resulted in an experience shortage. Although there has been an improvement in Total Force manning since 2015, several skill levels are still experiencing shortages. To bridge the experience shortfall, the U.S. Government Accountability Office called for an Air Force retention strategy tailored to retain experienced maintainers. The RAND Corporation was asked to explore whether individual characteristics, economic and geographic factors, and the new Blended Retirement System (BRS) could provide additional insights into what predicts retention of this workforce. This report focuses primarily on aircraft maintenance career fields, with some attention to munitions and logistics career fields as resources permitted. The authors undertake two analytic approaches to examine the underlying determinants of retention. First, they use logistic regression to determine how strongly a variety of individual and environmental characteristics are associated with decisions to reenlist, extend an enlistment, or separate from the Air Force; second, they use RAND's Dynamic Retention Model to estimate how the new BRS will affect maintenance, munitions, and logistics career fields when those in the new system reach retention decision points. The authors find that changes in individual characteristics and environmental variables have improved retention in the maintenance, munitions, and logistics career fields. Although much of what influences retention is beyond the Air Force's control, the authors offer a number of recommendations and identify areas of emphasis that could be exploited.
Author :Richard Weitz Publisher :Strategic Studies Institute U. S. Army War College ISBN 13 :9781584873044 Total Pages :0 pages Book Rating :4.8/5 (73 download)
Book Synopsis The Reserve Policies of Nations by : Richard Weitz
Download or read book The Reserve Policies of Nations written by Richard Weitz and published by Strategic Studies Institute U. S. Army War College. This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work provides a comprehensive assessment of critical developments in the reserve policies of the world's major military powers as well as a wealth of data on recent developments affecting the reserve policies of Australia, Britain, Canada, China, France, Germany, Israel Japan, and Russia.
