Comparing military retirement to the California Highway Patrol Pension Plan
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Authors
DiCaro, Peter J.
Subjects
Military Retirement
Retirement Plans
Public Pension
CalPERS
California Highway Patrol
CHP
Retirement Reform
Net Present Value
Retirement Plans
Public Pension
CalPERS
California Highway Patrol
CHP
Retirement Reform
Net Present Value
Advisors
Menichini, Amilcar
Angelis, Diana
Date of Issue
2014-06
Date
Jun-14
Publisher
Monterey, CA; Naval Postgraduate School
Language
Abstract
A 2013 Congressional Budget Office report estimates that DOD will need to reduce 2014 to 2021 total costs by $701 billion in order to meet the most stringent limitations set by the Budget Control Act of 2011. It is obvious that DOD must restructure the MRS to achieve the necessary reduction in costs. Too often, however, the department looks to private industry for solutions to DOD problems. While not to be overlooked, private industry is not always the best model by which to develop solutions to military problems. The unique risks to which service members are exposed require a different analogue to ensure a successful comparison and adequate solutions. In this light, a more representative group outside of DOD can be found in law enforcement officers. This study analyzes the retirement systems of DOD service members and the California Highway Patrol in an effort to accurately compare the two.
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Distribution Statement
Approved for public release; distribution is unlimited.
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.