Restructuring the military retirement system for cost savings and increased officer satisfaction

Abstract

The purpose of this MBA Project was to investigate the current military retirement system and provide insight into its effect on active duty officer job satisfaction levels. The goal of this project was to identify and document both the current military retirement system and a theoretical matched Thrift Savings Plan (TSP) option. The primary tools used to accomplish this goal were theoretical Net Present Value (NPV) analysis of several different retirement options and a survey of military students conducted on the campus of the Naval Postgraduate School to gauge their reaction to a hypothetical military retirement plan that more closely resembles those found in the civilian sector.