A Framework for Restructuring the Military Retirement System

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Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis A Framework for Restructuring the Military Retirement System by : Roy A. Wallace

Download or read book A Framework for Restructuring the Military Retirement System written by Roy A. Wallace and published by . This book was released on 2013 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current military retirement system has been integral to sustaining the All Volunteer Force (AVF). Mounting federal budget challenges, however, have raised concern that the program may become fiscally unsustainable. While several restructuring proposals have emerged, none have considered the implications of these changes to the broader issue of manning an AVF. Changes to the existing system could create military personnel shortfalls, adversely affect servicemember and retiree well-being, and reduce public confidence in the Armed Forces. With the right analytical framework in place, however, a more holistic system restructuring is possible, one that avoids these negative effects while significantly reducing costs. A comprehensive framework is provided, as well as a proposal that stands to benefit both servicemembers in terms of value and the military in terms of overall cost savings.

A Framework For Restructuring The Military Retirement System

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Publisher :
ISBN 13 : 9781304866103
Total Pages : 0 pages
Book Rating : 4.8/5 (661 download)

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Book Synopsis A Framework For Restructuring The Military Retirement System by : Roy/A Wallace

Download or read book A Framework For Restructuring The Military Retirement System written by Roy/A Wallace and published by . This book was released on 2014-02 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current military retirement system has been integral to sustaining the All Volunteer Force (AVF). Mounting federal budget challenges, however, have raised concern that the program may become fiscally unsustainable. While several restructuring proposals have emerged, none have considered the implications of these changes to the broader issue of manning an AVF. Changes to the existing system could create military personnel shortfalls, adversely affect service member and retiree well-being, and reduce public confidence in the Armed Forces. With the right analytical framework in place, however, a more holistic restructuring of the system is possible, one that avoids these negative effects while significantly reducing costs. This monograph provides both a comprehensive framework and a proposal that stand to benefit both service members in terms of value and the military in terms of overall cost savings.

A Framework for Restructuring the Military Retirement System

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Publisher :
ISBN 13 : 9781584875802
Total Pages : 35 pages
Book Rating : 4.8/5 (758 download)

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Book Synopsis A Framework for Restructuring the Military Retirement System by : Roy A. Wallace

Download or read book A Framework for Restructuring the Military Retirement System written by Roy A. Wallace and published by . This book was released on 2013 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current military retirement system has been integral to sustaining the All Volunteer Force (AVF). Mounting federal budget challenges, however, have raised concern that the program may become fiscally unsustainable. While several restructuring proposals have emerged, none have considered the implications of these changes to the broader issue of manning an AVF. Changes to the existing system could create military personnel shortfalls, adversely affect servicemember and retiree well-being, and reduce public confidence in the Armed Forces. With the right analytical framework in place, however, a more holistic system restructuring is possible, one that avoids these negative effects while significantly reducing costs. A comprehensive framework is provided, as well as a proposal that stands to benefit both servicemembers in terms of value and the military in terms of overall cost savings.

FRAMEWORK FOR RESTRUCTURING THE MILITARY RETIREMENT SYSTEM.

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis FRAMEWORK FOR RESTRUCTURING THE MILITARY RETIREMENT SYSTEM. by : Roy A. Wallace

Download or read book FRAMEWORK FOR RESTRUCTURING THE MILITARY RETIREMENT SYSTEM. written by Roy A. Wallace and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Framework for Restructuring the Military Retirement System

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Author :
Publisher : Army War College Press
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (11 download)

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Book Synopsis A Framework for Restructuring the Military Retirement System by : Roy A. Wallace

Download or read book A Framework for Restructuring the Military Retirement System written by Roy A. Wallace and published by Army War College Press. This book was released on 2013 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current military retirement system has been integral to sustaining the All Volunteer Force (AVF). Mounting federal budget challenges, however, have raised concern that the program may become fiscally unsustainable. While several restructuring proposals have emerged, none have considered the implications of these changes to the broader issue of manning an AVF. Changes to the existing system could create military personnel shortfalls, adversely affect servicemember and retiree well-being, and reduce public confidence in the Armed Forces. With the right analytical framework in place, however, a more holistic system restructuring is possible, one that avoids these negative effects while significantly reducing costs. A comprehensive framework is provided, as well as a proposal that stands to benefit both servicemembers in terms of value and the military in terms of overall cost savings.

Restructuring the Military Retirement System for Cost Savings and Increased Officer Satisfaction

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Author :
Publisher :
ISBN 13 :
Total Pages : 81 pages
Book Rating : 4.:/5 (227 download)

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Book Synopsis Restructuring the Military Retirement System for Cost Savings and Increased Officer Satisfaction by :

Download or read book Restructuring the Military Retirement System for Cost Savings and Increased Officer Satisfaction written by and published by . This book was released on 2006 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this MBA Project was to investigate the current military retirement system and provide insight into its effect on active duty officer job satisfaction levels. The goal of this project was to identify and document both the current military retirement system and a theoretical matched Thrift Savings Plan (TSP) option. The primary tools used to accomplish this goal were theoretical Net Present Value (NPV) analysis of several different retirement options and a survey of military students conducted on the campus of the Naval Postgraduate School to gauge their reaction to a hypothetical military retirement plan that more closely resembles those found in the civilian sector.

An Overview of Past Proposals for Military Retirement Reform

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Publisher : Rand Corporation
ISBN 13 : 0833039873
Total Pages : 41 pages
Book Rating : 4.8/5 (33 download)

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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.

Mainstreaming Military Compensation

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Publisher :
ISBN 13 : 9781423556367
Total Pages : 168 pages
Book Rating : 4.5/5 (563 download)

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Book Synopsis Mainstreaming Military Compensation by : David J. MacDonald

Download or read book Mainstreaming Military Compensation written by David J. MacDonald and published by . This book was released on 1998-09-01 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Changes to the military retirement system in the 1980's and attention by law makers, military leadership, and service members to pay comparability between the private sector and the military indicate that current military compensation policies may be inadequate to recruit and retain the necessary personnel. This thesis examines the military retirement system in light of developments in private sector retirement policy. It also examines the pay structure used in the military and addresses current pay gap issues. Defined contribution plans in the private sector have been increasingly successful in public and government organizations. Examples include the Federal Employees Thrift Savings Plan and Section 403 (b), Section 457, and Section 414(h)(2) tax- deferred retirement plans. These plans benefit employees in retirement by providing them with tax incentives to encourage saving during their working years. The recent introduction of the Roth IRA provides individuals a new opportunity to save for retirement years. The success of the U.S. stock market since the 1970's indicates that saving through a defined contribution plan or IRA may provide income security for retirement years. It is concluded that the current military retirement system may have to be modified to reflect these developments in the private sector. Prospects for reform include some form of defined contribution plan for military members, eliminating or reducing the perceived pay gap, restructuring the military pay system, and improving DoD's financial management programs.

A Preliminary System Dynamics Investigation of Alternative Military Retirement Programs

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Publisher :
ISBN 13 :
Total Pages : 318 pages
Book Rating : 4.:/5 (227 download)

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Book Synopsis A Preliminary System Dynamics Investigation of Alternative Military Retirement Programs by : Michael Flodor Carpenter

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).

A Cost Analysis of the Military Retirement System

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Publisher :
ISBN 13 : 9781423516552
Total Pages : 191 pages
Book Rating : 4.5/5 (165 download)

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Book Synopsis A Cost Analysis of the Military Retirement System by : Kyle R. Martin

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.

Twenty Years of Service

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Publisher : University Press of Kansas
ISBN 13 : 0700629769
Total Pages : 280 pages
Book Rating : 4.7/5 (6 download)

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Book Synopsis Twenty Years of Service by : Brandon J. Archuleta

Download or read book Twenty Years of Service written by Brandon J. Archuleta and published by University Press of Kansas. This book was released on 2020-08-06 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Military pension policies are as old as the republic itself and reside at the intersection of American social, economic, and defense policy. But as the nation’s social and economic circumstances underwent dramatic changes over the last half century, military pension policy remained static, stuck in the personnel and retirement model of the industrial age. This book examines why. Integrating policy history, theory, and practice, Twenty Years of Service provides the most comprehensive examination of US military pension policy in a generation. Brandon J. Archuleta sets the stage with an exploration of the rise, evolution, and transformation of the veterans’ policy subsystem from the American Revolution through World War II. The ensuing theoretical overview explains how the military personnel policy subsystem achieved the autonomy it enjoyed from 1948 to 2018; it also offers a new perspective on autonomous policy subsystems in general, which helps to account for the long-term pension policy stasis. In practical terms, Archuleta explores the role of the successful 2015 Military Compensation and Retirement Modernization Commission as an institutional venue for policy change during the congressional budget battles of the 2010s. Through extensive archival research, illustrative case studies, and field interviews with Pentagon bureaucrats, congressional staffers, veterans’ lobbyists, defense scholars, and journalists, Twenty Years of Service brings the policymaking process to life. Its insights will prove invaluable to policy scholars and defense practitioners alike.

Understanding the U.S. Military

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Publisher : Taylor & Francis
ISBN 13 : 1000630544
Total Pages : 318 pages
Book Rating : 4.0/5 (6 download)

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Book Synopsis Understanding the U.S. Military by : Katherine Carroll

Download or read book Understanding the U.S. Military written by Katherine Carroll and published by Taylor & Francis. This book was released on 2022-08-11 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an accessible introduction to the U.S. military as an institution and provides insights into the military’s structure and norms. Designed for undergraduate students, the book offers an interdisciplinary overview of America’s armed forces through three critical lenses. First, it introduces the military’s constitutional and historical context. Second, it presents concise factual information chosen for its relevance to the military’s structures, procedures, norms, and varied activities. Finally, it intersperses these facts with debates, theories, and questions to spark student interest, class discussion, and further research. The text is written for the beginner but covers complex topics such as force structure and the defense budget. With contributions informed by both scholarly approaches and long military careers, the book will prepare students for further studies in international relations, civil-military relations, or U.S. foreign policy. It also encourages critical thinking, elucidating an institution that undergraduates and other civilians too often perceive as both baffling and above reproach. This book will be of much interest to students of the U.S. military, civil-military relations, U.S. politics, and public policy.

CSRS and FERS Handbook for Personnel and Payroll Offices

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Publisher :
ISBN 13 :
Total Pages : 784 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis CSRS and FERS Handbook for Personnel and Payroll Offices by :

Download or read book CSRS and FERS Handbook for Personnel and Payroll Offices written by and published by . This book was released on 1998 with total page 784 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Assessing Chile's Pension System: Challenges and Reform Options

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Publisher : International Monetary Fund
ISBN 13 : 151359611X
Total Pages : 52 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Assessing Chile's Pension System: Challenges and Reform Options by : Samuel Pienknagura

Download or read book Assessing Chile's Pension System: Challenges and Reform Options written by Samuel Pienknagura and published by International Monetary Fund. This book was released on 2021-09-10 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor market. In the absence of reforms, the system’s inability to deliver adequate outcomes for a large share of participants will continue to magnify, as demographic trends and low global interest rates will continue to reduce replacement rates. In addition, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected to further reduce replacement rates and increase fiscal costs. A substantial improvement in replacement rates is feasible, via a reform that raises contribution rates and the retirement age, coupled with policies that increases workers’ contribution density.

Military Retirement Reform

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Publisher :
ISBN 13 :
Total Pages : 116 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Military Retirement Reform by : United States. Congress. House. Committee on Armed Services. Subcommittee on Military Personnel

Download or read book Military Retirement Reform written by United States. Congress. House. Committee on Armed Services. Subcommittee on Military Personnel and published by . This book was released on 2012 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Military Engagement

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Publisher : Brookings Inst Press
ISBN 13 : 9780815724780
Total Pages : 392 pages
Book Rating : 4.7/5 (247 download)

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Book Synopsis Military Engagement by : Dennis Blair

Download or read book Military Engagement written by Dennis Blair and published by Brookings Inst Press. This book was released on 2013 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: The response of an autocratic nation's armed forces is crucial to the outcome of democratization movements throughout the world. But what exact internal conditions have led to real-world democratic transitions, and have external forces helped or hurt? Here, experts with military and policy backgrounds, some of whom have played a role in democratic transitions, present instructive case studies of democratic movements. Focusing on the specific domestic context and the many influences that have contributed to successful transitions, the authors write about democratic civil-military relations in fourteen countries and five world regions. The cases include Argentina, Chile, El Salvador, Egypt, Hungary, Indonesia, Lebanon, Nigeria, Philippines, Senegal, South Africa, Spain, Syria, and Thailand, augmented by regional overviews of Asia, Europe, Latin America, North Africa and the Middle East, and sub-Saharan Africa. Contributors: Richard Akum (Council for the Development of Social Sciences in Africa), Ecoma Alaga (African Security Sector Network), Muthiah Alagappa (Institute of Security and International Studies, Malaysia), Suchit Bunbongkarn (Institute of Security and International Studies, Thailand), Juan Emilio Cheyre (Center for International Studies, Catholic University of Chile), Biram Diop (Partners for Democratic Change--African Institute for Security Sector Transformation, Dakar), Raymundo B. Ferrer (Nickel Asia Corporation), Humberto Corado Figueroa (Ministry of Defense, El Salvador), Vilmos Hamikus (Ministry of Foreign Affairs, Hungary), Julio Hang (Argentine Council for International Relations), Marton Harsanyi (Stockholm University), Carolina G. Hernandez (University of the Philippines; Institute for Strategic and Development Studies), Raymond Maalouf (Defense expert, Lebanon), Tannous Mouawad (Middle East Studies, Lebanon), Matthew Rhodes (George C. Marshall European Center for Security Studies), Martin Rupiya (African Public Policy and Research Institute), Juan C. Salgado Brocal (Academic and Consultant Council for Military Research and Studies, Chile), Narcis Serra (Barcelona Institute of International Studies), Rizal Sukma (Centre for Strategic and International Studies, Jakarta).

History of the Unified Command Plan

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Publisher :
ISBN 13 :
Total Pages : 186 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis History of the Unified Command Plan by : Edward J. Drea

Download or read book History of the Unified Command Plan written by Edward J. Drea and published by . This book was released on 2013 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: