A Department Of Defense retirement system for the future
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Authors
Jacobsen, Gary L.
Subjects
Military Retirement
Monte Carlo simulation
Alternative retirement system
DoD Retirement system objectives
Retirement system costs
Retirement system benefits
Monte Carlo simulation
Alternative retirement system
DoD Retirement system objectives
Retirement system costs
Retirement system benefits
Advisors
Liao, Shu S.
Mutty, John E.
Date of Issue
2002-06
Date
Publisher
Monterey, California. Naval Postgraduate School
Language
Abstract
The current military retirement system has come under much scrutiny in recent years. Much of this scrutiny has been a result of the high cost of the system. Many studies have been undertaken in attempts to develop a retirement system for military personnel that would reduce the cost. Congress has acted several times in recent decades on these proposals. In all but one instance, the result has been lowering system costs by reducing retiree benefits. The goal of this study was to examine the objectives of the military retirement system for the purpose of determining if a retirement system could be developed that would lower system costs while simultaneously meeting the objectives of the current system and maintaining the retirees perceived retirement entitlements at their current level. The result of the study is a proposed multi-option retirement system for the military that is better aligned with the DoD retirement system objectives and reduces the system cost while simultaneously enhancing future retiree entitlement potential. The model costs and benefits are analyzed using a Monte Carlo type simulation model to more accurately predict future results and allow for analysis of various modifications to the proposal.
Type
Thesis
Description
Series/Report No
Department
Organization
Naval Postgraduate School (U.S.)
Identifiers
NPS Report Number
Sponsors
Funder
Format
xvi, 133 p. : ill. ;
Citation
Distribution Statement
Approved for public release; distribution is unlimited.
Approved for public release; distribution is unlimited.
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.