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dc.contributor.advisorCunha, Jesse
dc.contributor.advisorMenichini, Amilcar
dc.contributor.authorCrockett, Adam J.
dc.dateMar-14
dc.date.accessioned2014-05-23T15:19:16Z
dc.date.available2014-05-23T15:19:16Z
dc.date.issued2014-03
dc.identifier.urihttps://hdl.handle.net/10945/41364
dc.description.abstractAs the U.S. military looks to change its retirement foundation, either to address financial constraints or to realize more benefits in recruiting and retention, it is important that policy makers research and analyze all significant effects change could have on the military manpower system as a whole. In 1991, the Australian military moved from a system very similar to the U.S. model, where members were vested in a defined benefit scheme after 20 years of service to a scheme with defined benefits after only one year and compulsory contributions that were invested and returned to the member upon reaching retirement age and leaving the workforce. This paper conducts a qualitative review of the Australian and U.S. public, private, and military retirement paradigm and draws out similarities and lessons that can be learned, such as avoiding the complexity that has arisen in the Australian military retirement system. A quantitative analysis is then conducted on the last cohorts of the old U.S.-style retirement system and the first cohorts of the new system. Though the new system was found to change behaviors and produce a smoother separation profile it also raised questions about the effectiveness of retention bonuses and grandfathering.en_US
dc.description.urihttp://archive.org/details/militaryretireme1094541364
dc.publisherMonterey, California: Naval Postgraduate Schoolen_US
dc.rightsThis 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.en_US
dc.titleMilitary retirement reform: an Australian perspectiveen_US
dc.typeThesisen_US
dc.contributor.departmentGraduate School of Business & Public Policy (GSBPP)
dc.subject.authormilitary manpoweren_US
dc.subject.authorAustralian military retirementen_US
dc.subject.authorU.S. military retirementen_US
dc.subject.authordefined retirement benefitsen_US
dc.subject.authormilitary retentionen_US
dc.subject.authormilitary separation profileen_US
dc.subject.authorinternational retirement modelsen_US
dc.subject.authorpublic retirementen_US
dc.subject.authorprivate retirementen_US
dc.subject.authorDFRBen_US
dc.subject.authorDFRDBen_US
dc.subject.authorMSBSen_US
dc.subject.authorHigh-3en_US
dc.subject.authorREDUXen_US
dc.description.serviceMajor, Australian Armyen_US
etd.thesisdegree.nameMaster Of Science In Managementen_US
etd.thesisdegree.levelMastersen_US
etd.thesisdegree.disciplineManagementen_US
etd.thesisdegree.grantorNaval Postgraduate Schoolen_US
dc.description.distributionstatementApproved for public release; distribution is unlimited.


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