Research Brief
Reforming the Structure of the Military Compensation System
Dec 31, 1997
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The authors summarize the principal features of a model of military compensation developed by the authors earlier and use it to analyze the effects of converting the current military retirement system to an alternative system patterned after the Federal Employees Retirement System. The three parts of the alternative system are a retirement plan similar to that for civil service employees, a 7 percent across-the-board pay increase to counteract mandatory contributions under the new plan, and a set of retention bonuses targeted to address any retention problems. Because the alternative system may not create the services' desired seniority profiles, a larger set of pay raises, retention bonuses, and/or separation payments would be added. In addition, the authors recommend that pay raises be skewed — be higher in the higher ranks. The authors consider the implications of this proposal in terms of the effects on cost, force size and structure, productivity, and force management flexibility.
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Table of Contents
Preface PDF
Figures PDF
Tables PDF
Summary PDF
Acknowledgements
Acknowledgments PDF
Chapter One
Introduction PDF
Chapter Two
Overview of MFERS PDF
Chapter Three
Overview of the Theoretical and Empirical Models PDF
Chapter Four
Steady-State Results PDF
Chapter Five
Results for the Transition to the Steady State PDF
Chapter Six
Other Considerations PDF
Chapter Seven
Conclusions and Policy Options PDF
References PDF
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