Income redistribution : an alternative approach to military pensions.
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Authors
O'Connor, Peter E.
Subjects
military retirement
military pensions
income redistribution
military benefits
military pensions
income redistribution
military benefits
Advisors
Owens, J.F.
Date of Issue
1977-12
Date
Publisher
Monterey, CA; Naval Postgraduate School
Language
en_US
Abstract
Proposals have been made both within Congress and the Executive Branch to alter the structure of the military non- disability retirement system. The advocates of change, for differing reasons, view with alarm the rapidly increasing cost cf military retirement. Each suggests an alternative by which the government will be able tc control the growth iD military retirement costs. However, these proposals require a reduction in the value of the annuity to be paid to future retirees. Ad income redistribution alternative is presented which would reduce the annual cost while retaining for future retirees a present value of retirement income equal to or exceeding that provided by the existing retirement system. It was concluded that the complexity and political sensitivity of the military retirement issue precludes change in ether than an incremental cr indirect manner.
Type
Thesis
Description
Series/Report No
Department
Administrative Sciences