The Retention Impacts of the Forthcoming USA Military Retirement ReformAmilcar A Menichini1*, Jesse M Cunha1 and Gregory Moynihan2
- *Corresponding Author:
- Amilcar A. Menichini
Graduate School of Business and Public Policy
Naval Postgraduate School, 555 Dyer Road Monterey
CA 93943, USA
E-mail: [email protected]
Received date: April 28, 2017; Accepted date: July 12, 2017; Published date: July 14, 2017
Citation: Menichini AA, Cunha JM, Moynihan G (2017) The Retention Impacts of the Forthcoming USA Military Retirement Reform. J Def Manag 7:161.doi:10.4172/2167-0374.1000161
Copyright: © 2017 Menichini AA, et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
In 2018, the USA military will introduce a new retirement system that reduces the value of the traditional 20 years-of-service cliff-vesting pension and introduces a defined contribution for all service members. The personnel planning and budgetary consequences of this change depend crucially on how it will impact service member’s retention decisions. Survey results from USA military personnel suggest there will be a small increase in retention of enlisted service members in the early-career years, and a considerable decrease in retention of officers at midcareer.