An Analysis of the Military Retirement System: How Does Retirement Return Influence Retention?
Derren P. Burrell
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An Analysis of the Military Retirement System: How Does Retirement Return Influence Retention?

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The cost of the current Department of Defense (DoD) defined-benefit retirement plan has long been a source of consternation within Congress and the DoD (Freedberg, 1999:35). Billed as being too costly in the private sector, many firms have elected to switch from defined benefit plans to defined contribution plans, most often a 401K retirement plan (Chassen, 1990:18). This thesis attempts to capture the effect of the current military retirement plan on rates of retention. The goal of this study is to be used as a tool should the Department of Defense decide to move from a defined-benefit plan t...