Author : Beth J. Asch
Publisher : Rand Corporation
Page : 0 pages
File Size : 17,54 MB
Release : 2014
Category : Business & Economics
ISBN : 9780833085986
Through analysis of many alternatives, develops two concepts for reforming the military compensation system, both of which retain positive aspects of the current system while addressing criticisms related to fairness and fiscal sustainability.
Author : Beth J. Asch
Publisher : RAND Corporation
Page : 142 pages
File Size : 12,5 MB
Release : 2008
Category : Business & Economics
ISBN :
Military compensation is a pillar of the all-volunteer force. It is a fundamental policy tool for attracting and retaining personnel, and its structure-and the incentives implied by its structure-can affect U.S. service members' willingness to join, exert effort, demonstrate their leadership potential, remain in the military, and, eventually, exit the military at an appropriate time. Military compensation is a composite of current pay and allowances, special and incentive pays, health benefits, disability benefits, retirement benefits, and other benefits. Its importance to the readiness and morale of the force is such that it is reviewed every four years to determine whether it is adequate to meet the U.S. military's objectives. To inform the 10th Quadrennial Review of Military Compensation, this monograph presents an in-depth examination of the mix and structure of the U.S. military's current retirement-benefit system and several policy alternatives. The study included the development of a model that was estimated and used to run a series of simulations based on active-duty and reserve personnel data to track the careers and potential decisionmaking of military personnel across the services. The simulation results were then assessed in terms of their cost-effectiveness and ability to meet the services' expectations for accession, retention, and career mobility.
Author :
Publisher :
Page : 0 pages
File Size : 37,52 MB
Release : 2008
Category :
ISBN :
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.
Author : John Christian
Publisher : Rand Corporation
Page : 41 pages
File Size : 23,40 MB
Release : 2006
Category : Business & Economics
ISBN : 0833039873
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 :
Publisher :
Page : 61 pages
File Size : 18,20 MB
Release : 1999
Category :
ISBN :
Since 1998, the armed services and Congress have engaged in a vigorous policy debate on military personnel issues and the adequacy of military compensation. Although this debate is not over, so far it has led to the passage of significant increases in military compensation, a restructuring of basic pay, and a re-reform of military retirement benefits. In addition, certain special pays have been increased, a step has been taken toward the introduction of a 401(k)-type thrift savings plan for service members, and a number of proposals have been put forth to increase the level of educational benefits.
Author : Beth J. Asch
Publisher : Rand Corporation
Page : 0 pages
File Size : 18,33 MB
Release : 2015
Category : Business & Economics
ISBN :
Using the Dynamic Retention Model, this report evaluates the Military Compensation and Retirement Modernization Commission's proposed reforms to military compensation and retirement, especially their ability to sustain the current force size/shape.
Author : Karl Gingrich
Publisher :
Page : 43 pages
File Size : 12,76 MB
Release : 2012
Category : United States
ISBN :
Military compensation costs are trending much the way of federal entitlements, effectively crowding out other elements of the defense budget. Even more worrisome, they are accounting for an ever increasing portion of the budget, meaning that painful cuts today will be less effective tomorrow if not accompanied by long overdue compensation reform. Unfortunately, military pay and benefits are one of the most controversial elements of the defense budget and DoD surely faces an uphill battle to see these reforms implemented. This paper evaluates the various components of military compensation using a construct of transparency, sustainability and perception. Based on this evaluation, a series of policy recommendations are provided for how the current military compensation system might be reformed and updated. In sum, the recommendations slow cash compensation growth and reduce the value of non-cash and deferred benefits by transferring costs to the service member, retiree and their dependents. The recommended reforms were generated within the context of the human capital strategy and do not compromise effectiveness for the sake of efficiencies. The military compensation system will continue to provide competitive pay and benefits and allow the Department to continue to meet its recruiting and retention goals, but will now do so in a more fiscally-responsible manner. The proposed recommendations will also maintain the nation's commitment to the All Volunteer Force by continuing to compensate it at levels commensurate with its sacrifice and commitment to the nation.
Author : United States. General Accounting Office
Publisher :
Page : 68 pages
File Size : 41,71 MB
Release : 1978
Category : United States
ISBN :
Author : Michael L. Hansen
Publisher :
Page : 105 pages
File Size : 49,79 MB
Release : 2005
Category :
ISBN :
Author : Beth J. Asch
Publisher : Rand Corporation
Page : 81 pages
File Size : 40,57 MB
Release : 1998
Category : Technology & Engineering
ISBN : 9780833024633
The current military retirement system dates back to 1947, when Congress implemented a common system for the military services and for officers and enlisted personnel alike.
