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Recent Changes To The U S Military Retirement System
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Author :Committee on Committee on Armed Services United States Senate Publisher :CreateSpace ISBN 13 :9781512017649 Total Pages :118 pages Book Rating :4.0/5 (176 download)
Book Synopsis Recent Changes to the U. S. Military Retirement System by : Committee on Committee on Armed Services United States Senate
Download or read book Recent Changes to the U. S. Military Retirement System written by Committee on Committee on Armed Services United States Senate and published by CreateSpace. This book was released on 2015-05-05 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bipartisan Budget Act (BBA) of 2013 included a provision that reduced the cost-of-living adjustments (COLA) for working age military retirees by 1 percent until the retiree reaches the age of 62, at which time retired pay is adjusted to the level it would have been had the COLA not been reduced. In a USA Today column defending the legislation, Congressman Paul Ryan explained the provision as follows: "We make no changes for those currently at or above age 62. This reform affects only younger military retirees. Right now any person who has served 20 years can retire regardless of age. That means a serviceman who enlists at 18 becomes eligible for retirement at 38." The Consolidated Appropriations Act amended the BBA to exempt disability retirees and their survivors from the COLA reduction. The COLA reduction is wrong because it targets a single group, military retirees, to help address the budget problems of the Federal Government as a whole. While reforms have been made to the Federal civilian pension, those changes applied prospectively to new employees. By contrast, this change to military pensions will apply upon implementation to current retirees, their families, and survivors.
Author :United States Congress Publisher :Createspace Independent Publishing Platform ISBN 13 :9781981587872 Total Pages :118 pages Book Rating :4.5/5 (878 download)
Book Synopsis Recent Changes to the U.s. Military Retirement System by : United States Congress
Download or read book Recent Changes to the U.s. Military Retirement System written by United States Congress and published by Createspace Independent Publishing Platform. This book was released on 2017-12-10 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent changes to the U.S. military retirement system : hearing before the Committee on Armed Services, United States Senate, One Hundred Thirteenth Congress, second session, January 28, 2014.
Book Synopsis Recent Changes to the United States Military Retirement System by : United States. Congress. Senate. Committee on Armed Services
Download or read book Recent Changes to the United States Military Retirement System written by United States. Congress. Senate. Committee on Armed Services and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Military Retirement by : Sharon Cekala
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.
Book Synopsis Military Retirement by : Charles A. Henning
Download or read book Military Retirement written by Charles A. Henning and published by DIANE Publishing. This book was released on 2011 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a print on demand edition of a hard to find publication. The military retirement system is a non-contributory, defined benefit system that has historically been viewed as a significant incentive in retaining a career military force. Congress grapples with constituent concerns as well as budgetary constraints when considering military retirement issues. While congressionally mandated changes to the military retirement system have been infrequent, any potential future changes are closely monitored by current and future retirees, and the vets¿ service org. who support them. Contents of this report: (1) Overview; (2) Three Systems, Different Retired Pay Calculations; (3) Retired Pay and the Cost-of-Living Allowance (COLA); (4) Military Retirement Budgeting and Costs; (5) Reforming the Military Retirement System. Tables.
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 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.
Author :United States. Congress. Senate. Committee on Armed Services. Subcommittee on Manpower and Personnel Publisher : ISBN 13 : Total Pages :172 pages Book Rating :4.:/5 (51 download)
Book Synopsis Proposals to Change Military Retirement by : United States. Congress. Senate. Committee on Armed Services. Subcommittee on Manpower and Personnel
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 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Modifying Military Retirement by : Neil M. Singer
Download or read book Modifying Military Retirement written by Neil M. Singer and published by . This book was released on 1984 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Armed Services. Military Personnel and Compensation Subcommittee Publisher : ISBN 13 : Total Pages :184 pages Book Rating :4.0/5 (18 download)
Book Synopsis Overview of the Military Retirement System by : United States. Congress. House. Committee on Armed Services. Military Personnel and Compensation Subcommittee
Download or read book Overview of the Military Retirement System written by United States. Congress. House. Committee on Armed Services. Military Personnel and Compensation Subcommittee and published by . This book was released on 1984 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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.
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 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 Proposals to Change the Military Retirement System by : United States Accounting Office (GAO)
Download or read book Proposals to Change the Military Retirement System written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-05-20 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proposals To Change the Military Retirement System
Book Synopsis Military Retirement: Background and Recent Developments by :
Download or read book Military Retirement: Background and Recent Developments written by and published by . This book was released on 2008 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: The military retirement system is a non-contributory, defined benefit system that has historically been viewed as a significant incentive in retaining a career military force. The system currently includes monthly compensation and benefits after an active or reserve military career, disability retirement for those physically unfit to continue to serve, and survivor benefits for the eligible survivors of deceased retirees. The monthly retirement annuity is adjusted annually by a Cost-of-Living Allowance (COLA) to ensure that the annuity is protected from the adverse consequences of inflation. Military retirees are also entitled to non-monetary benefits which include exchange and commissary privileges, medical care through TRICARE, and access to Morale, Welfare and Recreation facilities and programs.
Download or read book Retired Pay Information written by and published by . This book was released on 1983 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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.
