The purpose of this research was to evaluate the 60 year old military medical retirement system. Specifically, this thesis answered three research questions regarding a comparison of pay between the current system and the societal standard for injury and illness, identification of current segments of the military population disproportionately affected by the current system, and establishment of a minimal standard for medical retirement compenstation. Previous research established the societal standard for compenstation as the Value of Statistical Life. This thesis compared the current military medical retirement system with the Value of Statistical Life and identified seceral segments of the military medical retiree population that were adversely affected by the current system. Further, this thesis propsed a new method for calculating medical retirement pay incorporating the societal standard for injury and illness.
Analysis of the Military Medical Retirement System
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The purpose of this research was to evaluate the 60 year old military medical retirement system. Specifically, this thesis answered three research questions regarding a comparison of pay between the current system and the societal standard for injury and illness, identification of current segments of the military population disproportionately affected by the current system, and establishment of a minimal standard for medical retirement compenstation. Previous research established the societal standard for compenstation as the Value of Statistical Life. This thesis compared the current military medical retirement system with the Value of Statistical Life and identified seceral segments of the military medical retiree population that were adversely affected by the current system. Further, this thesis propsed a new method for calculating medical retirement pay incorporating the societal standard for injury and illness.
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...
The erosion of the military retirement system is a contributing cause to readiness problems in the Air Force. It is time to change the retirement system to one which provides more to the military...
The author is a highly respected scholar, currently director of the Strategic Studies Programme at the University of Ibadan. His study is an analysis of the growing power and influence of retired top...
The purpose of this thesis is to explore the monetary effect of implementing an alternative military retirement system for incoming active duty service members who retire after a minimum of 20 years...
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