Making the Reserve Retirement System Similar to the Active System

Making the Reserve Retirement System Similar to the Active System
Author: Michael G. Mattock
Publisher:
Total Pages: 0
Release: 2014
Genre: Business & Economics
ISBN: 9780833084187

"The purpose of the project was to identify potential costs or savings of changes to Army reserve component (RC) retirement that align it with that offered to active component (AC) soldiers"--Page iii.

A Policy Analysis of Reserve Retirement Reform

A Policy Analysis of Reserve Retirement Reform
Author: Beth J. Asch
Publisher: Rand Corporation
Total Pages: 135
Release: 2013
Genre: Business & Economics
ISBN: 0833078127

As the burden of defense borne by reserve forces has increased, more attention has been paid to differences between the compensation systems for the reserve and active components. One particular emphasis is on the retirement systems, a key difference being that reserve members who complete 20 years must wait until age 60 to draw benefits whereas active members can draw benefits immediately upon discharge. This monograph compares the reserve and active retirement systems, discusses the importance of structuring compensation to enable flexibility in managing active and reserve manpower, describes how the debate over reserve retirement reform has differed from active component retirement reform debate, and considers obstacles to reform and how they might be overcome. It also provides a quantitative assessment of several past congressional proposals to change the reserve retirement system in terms of their effects on reserve participation and personnel costs, concluding that proposals to reduce the age at which eligible members may begin receiving retirement benefits are not cost-effective means of sustaining or increasing reserve component retention. It also concludes that a menu of member options can be a powerful tool to maintain morale and overcome obstacles to reform. Current members could be given the choice of staying in the current retirement system or joining the new one, and the choice might be offered over a period of time, say five years. New entrants and reentrants with few years of service might be placed under the new system.

Reserve Retirement Reform

Reserve Retirement Reform
Author: Beth J. Asch
Publisher: Rand Corporation
Total Pages: 95
Release: 2006
Genre: Business & Economics
ISBN: 0833036939

Four bills are pending in Congress to reduce the age at which reservists can begin to receive retirement benefits. This report provides input regarding these proposals and the broader issues surrounding reserve retirement reform. Although it is important to recognize that deferring some portion of compensation can be cost-effective, the results argue in favor of providing compensation on a current rather than a deferred basis.

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.

A Policy Analysis of Reserve Retirement Reform

A Policy Analysis of Reserve Retirement Reform
Author: Beth J. Asch
Publisher: Rand Corporation
Total Pages: 196
Release: 2013
Genre: History
ISBN: 0833078100

As the defense burden borne by reserve forces has increased, more attention has been paid to differences between retirement systems for the reserve and active components. This report analyzes the systems, discusses the importance of structuring compensation to enable management flexibility, considers obstacles and how they might be overcome, and provides a quantitative assessment of the reserve retention and cost effects of possible proposals.

Legal Assistance

Legal Assistance
Author: United States. Department of the Army
Publisher:
Total Pages: 16
Release: 1995
Genre: Legal assistance to military personnel
ISBN:

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.

Blended Retirement System

Blended Retirement System
Author: Lightbulb Press
Publisher:
Total Pages:
Release: 2017-01-15
Genre:
ISBN: 9781933569130

An introduction to the DoD's new BRS, with helpful information for servicemembers about whether to opt-in.