How Do Earnings Change when Reservists are Activated?

How Do Earnings Change when Reservists are Activated?
Author: Francisco Martorell
Publisher:
Total Pages: 76
Release: 2008
Genre: Business & Economics
ISBN:

Among the many hardships of military activation is the possibility of losing earnings, and though some research points to such a loss, other research suggests that reservists in fact earn substantially more when they are activated. The authors examine earnings reports from the 2004 and 2005 Status of Forces Survey of Reserve Component Members (SOFS-R) and those from administrative data--the Social Security Administration and military pay records.

Activation and the Earnings of Reservists

Activation and the Earnings of Reservists
Author: David S. Loughran
Publisher: Rand Corporation
Total Pages: 176
Release: 2006
Genre: Business & Economics
ISBN: 0833039717

Activation imposes a variety of costs on reservists. Among those costs is a potential decline in earnings during the period of activation. In this study, RAND researchers compute how earnings change when a reservist is activated using administrative data on military and civilian earnings obtained from the Department of Defense (DOD) and teh Social Security Administration (SSA). The study employs a comprehensive measure of annual earnings and covers the experiences of virtually all reservists activated in support of the Global War on Terrorism through 2003. Contrary to conventional wisdom and DOD survey evidence, the RAND study indicates that, on average, the earnings of reservists increase substantially when activated. Moreover, earnings gains increase length of active duty servcie. Some reservists do experience an earnings loss when activated, but the probability of experiencing an earnings loss declines with length of active duty service. Even so, these large earnings gains may be insufficient to compensate reservists for the hardship of active duty.

Military Personnel: Reserve Component Servicemembers on Average Earn More Income While Activated

Military Personnel: Reserve Component Servicemembers on Average Earn More Income While Activated
Author: Brenda S. Farrell
Publisher: DIANE Publishing
Total Pages: 43
Release: 2011
Genre: Business & Economics
ISBN: 1437919049

This is a print on demand edition of a hard to find publication. As of Feb. 2009, approx. 691,000 reserve servicemembers have been activated in support of operations in Iraq and Afghanistan, with many being called for multiple deployments or extended for more than one year. This increased use of the reserve component servicemembers has led to questions about whether reserve component servicemembers might be experiencing a decline in earnings as a result of extended and frequent activations. Studies determined that for calendar years 2004 and 2005, on avg., reserve component servicemembers earned more income while serving on active duty than they had earned as civilians before activation. Reserve component servicemembers had a net gain of $1,500/month in 2004 and 2005 after activation.

The Military Guide to Financial Independence and Retirement

The Military Guide to Financial Independence and Retirement
Author: Doug Nordman
Publisher:
Total Pages: 0
Release: 2011-06-16
Genre: Biography & Autobiography
ISBN: 9781570233197

You don't have to pursue another career in government or the corporate world once you leave the military. Indeed, if you understand your key military benefits as well as fine-tune your finances, you should be able to chart a new arid exciting post-military life! That's the central message running throughout this revealing book for servicemembers, veterans, and their families who want to become financially independent prior to committing themselves to full-time retirement and plan accordingly. Semi-retired at age 41 and enjoying life with his family on the beaches of Hawaii, the author outlines how military personnel can become happily semi-retired regardless of their age. Emphasizing the importance of family, lifestyle, and bridge careers, Doug Nordman goes a long Way in providing answers to one of today's most important questions for transitioning military - ôWhat do you want to do with the rest of your life?ö Dispelling numerous myths about military transition, finances, and retirement. He focuses on the two most important inflation-protected benefits military retirees and their families receive and can build upon for creating a financially independent and semi-retired lifestyle: military pension TRICARE health system He shows how to build a sound financial house based upon: military benefits investment portfolios part-time work savings bridge careers frugal living Filled with examples checklists, recommended websites, and a rich collection of appendices that deal with inflation, multiple income streams, and the value of a military, pension, this ground-breaking book is essential reading for anyone contemplating retiring from the military or jump-starting their post-military career in the direction of semi-retirement and/or full-time retirement Book jacket.

Strengthening the Military Family Readiness System for a Changing American Society

Strengthening the Military Family Readiness System for a Changing American Society
Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
Total Pages: 385
Release: 2019-10-25
Genre: Social Science
ISBN: 0309489539

The U.S. military has been continuously engaged in foreign conflicts for over two decades. The strains that these deployments, the associated increases in operational tempo, and the general challenges of military life affect not only service members but also the people who depend on them and who support them as they support the nation â€" their families. Family members provide support to service members while they serve or when they have difficulties; family problems can interfere with the ability of service members to deploy or remain in theater; and family members are central influences on whether members continue to serve. In addition, rising family diversity and complexity will likely increase the difficulty of creating military policies, programs and practices that adequately support families in the performance of military duties. Strengthening the Military Family Readiness System for a Changing American Society examines the challenges and opportunities facing military families and what is known about effective strategies for supporting and protecting military children and families, as well as lessons to be learned from these experiences. This report offers recommendations regarding what is needed to strengthen the support system for military families.

Federal Benefits for Veterans, Dependents, and Survivors

Federal Benefits for Veterans, Dependents, and Survivors
Author: The US Department of Veterans Affairs
Publisher: Simon and Schuster
Total Pages: 113
Release: 2020-11-24
Genre: History
ISBN: 1510744266

An official, up-to-date government manual that covers everything from VA life insurance to survivor benefits. Veterans of the United States armed forces may be eligible for a broad range of benefits and services provided by the US Department of Veterans Affairs (VA). If you’re looking for information on these benefits and services, look no further than the newest edition of Federal Benefits for Veterans, Dependents, and Survivors. The VA operates the nation’s largest health-care system, with more than 1,700 care sites available across the country. These sites include hospitals, community clinics, readjustment counseling centers, and more. In this book, those who have honorably served in the active military, naval, or air service will learn about the services offered at these sites, basic eligibility for health care, and more. Helpful topics described in depth throughout these pages for veterans, their dependents, and their survivors include: Vocational rehabilitation and employment VA pensions Home loan guaranty Burial and memorial benefits Transition assistance Dependents and survivors health care and benefits Military medals and records And more

Central Bank Balances and Reserve Requirements

Central Bank Balances and Reserve Requirements
Author: Mr.Simon Gray
Publisher: International Monetary Fund
Total Pages: 57
Release: 2011-02-01
Genre: Business & Economics
ISBN: 1455217905

Most central banks oblige depository institutions to hold minimum reserves against their liabilities, predominantly in the form of balances at the central bank. The role of these reserve requirements has evolved significantly over time. The overlay of changing purposes and practices has the result that it is not always fully clear what the current purpose of reserve requirements is, and this necessarily complicates thinking about how a reserve regime should be structured. This paper describes three main purposes for reserve requirements - prudential, monetary control and liquidity management - and suggests best practice for the structure of a reserves regime. Finally, the paper illustrates current practices using a 2010 IMF survey of 121 central banks.