Voluntary separation and early retirement plans: a survey of Naval Postgraduate School Lieutenant Commanders.
Ford, Jennifer P.
Roberts, Nancy C.
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Lieutenant commanders (LCDRs) attending the Naval Postgraduate School were surveyed on their perceptions of three voluntary separation plans, Special Separation Benefit (SSB), Voluntary Separation Incentive (VSI) and 15-year early retirement. Additionally, several factors were studied to identify their relationship to the likelihood of accepting one of the plans. Survey results indicate that: 1) LCDRs are a career oriented group who plan to remain in the Navy at least until eligible for a 20-year retirement, 2) there is little probability that LCDRs would accept SSB or VSI if given the choice, 3) the majority of LCDRs (60 percent) expressed some likelihood of accepting 15-year early retirement if given the opportunity, 4) full retirement benefits and lifetime monthly income were the most important factors considered when ranking the three plans in order of their likelihood of acceptance, and 5) availability of medical care was rated as the most important benefit in their acceptance decision
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