Effects of the blended retirement system on United States Army Reserve participation and cost / Beth J. Asch, Michael G. Mattock, James Hosek.

Format:

Book

Author/Creator:

Asch, Beth J., author.

Mattock, Michael G., 1961- author.

Hosek, James R., author.

Language:

English

Subjects (All):

Military pensions--United States--Costs.

Military pensions.

United States. Army--Reserves--Appointments and retirements.

United States.

Summary:

"The new Blended Retirement System (BRS) represents the first major change to the armed services' retirement system since the end of World War II. The analysis in this report assesses the potential impact of BRS on the U.S. Army Reserve (USAR) participation and continuation pay (CP) cost and provides predictions of opt-in behavior. A key finding is that USAR participation can be sustained relative to the legacy system if CP is set at optimized levels. Furthermore, CP levels affect the likelihood that currently serving members elect the BRS, thereby affecting USAR's time pattern of retirement cost, and cost savings, relative to the legacy system. The project's aim was to provide estimates of the change in costs for the USAR due to the BRS in the transition years and the number of participants, both as a result of new entry to the Army Reserve and election by serving members"--From back cover.

Contents:

Elements of the blended retirement system

Overview of the dynamic retention model, simulation, and application to the blended retirement system

Courses of action and steady-state results

Transition results

Concluding thoughts.