Publication:
Strategic retirement reform: identifying the broader strategic effects from changes in human capital

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Authors
Proulx, Robert E.
Slaughter, Kelley
Subjects
Defense Business Board
DBB
Defined Contribution
Knowledge Retention
Knowledge Loss
Employability
Voluntary Turnover
Turnover
Defined Benefit
Human Capital
Human Capital Externalities.
Advisors
Dew, Nick
Direnzo, Marco
Date of Issue
2012-12
Date
Dec-12
Publisher
Monterey, California. Naval Postgraduate School
Language
Abstract
This project seeks to understand the changes in the decision-making process to stay or leave the military upon adoption of a defined contribution retirement system, and the potential implications of human capital that might follow. Multiple theses have been written regarding potential cost savings of a defined contribution plan and how a change of this nature could affect military personnel retention rates. This project differs from other research in the field in that we assume the Department of Defense will shift the retirement compensation away from a pension system and 20-year vesting of benefits in the near future. This report focuses on the decision-making process that service members use and the potential implications for the services that might follow under a DC plan, and how that decision-making process might change. Specifically, we utilize the unfolding model of voluntary turnover to assess the decision-making process for military personnel and assess the potential impacts from a voluntary turnover, retention, and Human Capital Theory perspective.
Type
Thesis
Description
Series/Report No
Department
Graduate School of Business & Public Policy (GSBPP)
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Distribution Statement
Approved for public release; distribution is unlimited.
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