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Recent Changes To The United States 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 The Military Retirement System by : United States. Congressional Budget Office
Download or read book The Military Retirement System written by United States. Congressional Budget Office and published by . This book was released on 1978 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'The New Politics of Race' brings together Winant's new and previously published essays to form a comprehensive picture of the origins and nature of the complex racial politics that engulf us today.
Book Synopsis Recent Changes to the U.S. Military Retirement System by : United States. Congress. Senate. Committee on Armed Services
Download or read book Recent Changes to the U.S. 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 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 : 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.
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:
Author :Congressional Service Publisher :Createspace Independent Publishing Platform ISBN 13 :9781720627616 Total Pages :26 pages Book Rating :4.6/5 (276 download)
Book Synopsis Military Retirement by : Congressional Service
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.
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 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.
Author :United States. Congress. House. Committee on Armed Services. Special Subcommittee on Retired-Pay Revisions Publisher : ISBN 13 : Total Pages :624 pages Book Rating :4.:/5 (31 download)
Book Synopsis Recomputation and Other Retirement Legislation by : United States. Congress. House. Committee on Armed Services. Special Subcommittee on Retired-Pay Revisions
Download or read book Recomputation and Other Retirement Legislation written by United States. Congress. House. Committee on Armed Services. Special Subcommittee on Retired-Pay Revisions and published by . This book was released on 1972 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on the Budget. Task Force on Entitlements, Uncontrollables, and Indexing Publisher : ISBN 13 : Total Pages :190 pages Book Rating :4.:/5 (327 download)
Book Synopsis Military Retirement System by : United States. Congress. House. Committee on the Budget. Task Force on Entitlements, Uncontrollables, and Indexing
Download or read book Military Retirement System written by United States. Congress. House. Committee on the Budget. Task Force on Entitlements, Uncontrollables, and Indexing and published by . This book was released on 1983 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Armed Services. Subcommittee on Military Compensation Publisher : ISBN 13 : Total Pages :140 pages Book Rating :4.3/5 (121 download)
Book Synopsis Preliminary Review of Military Retirement Systems by : United States. Congress. House. Committee on Armed Services. Subcommittee on Military Compensation
Download or read book Preliminary Review of Military Retirement Systems written by United States. Congress. House. Committee on Armed Services. Subcommittee on Military Compensation and published by . This book was released on 1978 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Military Retirement System by : United States. Congressional Budget Office
Download or read book The Military Retirement System written by United States. Congressional Budget Office and published by . This book was released on 1977 with total page 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 Military Retirement Accounting Changes, the Administration's Proposals by : Robert F. Hale
Download or read book Military Retirement Accounting Changes, the Administration's Proposals written by Robert F. Hale and published by . This book was released on 1978 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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