Research Brief
Reforming the Structure of the Military Compensation System
Jan 1, 1998
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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.
Preface
Figures
Tables
Summary
Acknowledgements
Acknowledgments
Chapter One
Introduction
Chapter Two
Overview of MFERS
Chapter Three
Overview of the Theoretical and Empirical Models
Chapter Four
Steady-State Results
Chapter Five
Results for the Transition to the Steady State
Chapter Six
Other Considerations
Chapter Seven
Conclusions and Policy Options
References
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