FROM GOLDEN HANDCUFFS TO PIG IRON: PROJECTING PENSION REFORM’S IMPACT ON THE HOMELAND SECURITY ENTERPRISE
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Authors
Waldman, Jeffrey H.
Subjects
financial incentives
pension debt
pension reform
defined benefit
annual required contribution
human capital
organizational culture
personnel economics
deferred compensation
employee turnover
labor sorting
educational divide
intrinsic motivation
public-service motivation
motivation crowding
generational work preferences
wage compression
procedural justice
organizational culture
corruption
scenario analysis
pay secrecy
ERISA
perverse incentives
labor market distortions
pension debt
pension reform
defined benefit
annual required contribution
human capital
organizational culture
personnel economics
deferred compensation
employee turnover
labor sorting
educational divide
intrinsic motivation
public-service motivation
motivation crowding
generational work preferences
wage compression
procedural justice
organizational culture
corruption
scenario analysis
pay secrecy
ERISA
perverse incentives
labor market distortions
Advisors
Young, Thomas D.
Fernandez, Lauren S.
Date of Issue
2019-12
Date
Publisher
Monterey, CA; Naval Postgraduate School
Language
Abstract
The chronic underfunding of numerous public pensions, along with historic capital-market setbacks, has created a public pension debt crisis throughout much of the nation. The depth of this crisis makes pension reform inevitable, and that reform will transform the nature of public-servant compensation in the coming decades. This thesis explores the impact pension reform will have on the effectiveness of public-sector organizations with homeland security missions. To approach this issue, this thesis draws on existing academic literature from a wide range of disciplines, including economics, public administration, organizational behavior, sociology, and social psychology. Emerging from the research is a clear recognition that pension reform will change employee behavior, organizational culture, and the market for human capital through second- and third-order effects. Exactly how such change will play out is not so clear. The thesis turns to scenario-planning techniques to synthesize the diverse literature and provide plausible responses to the question of what pension reform’s impact will be within the homeland security domain. The thesis offers three different future outcomes and recommends more robust, collaborative scenario-planning initiatives for which the thesis itself provides a useful launching pad.
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Thesis
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Distribution Statement
Approved for public release; distribution is unlimited.
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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.