An historical analysis and comparison of the military retirement system and the federal employee retirement system
By:  Bruce R. Breth
Publisher: Naval Postgraduate School; Available from National Technical Information Service
Published: 1998
Place of publication: Monterey, Calif; Springfield, Va
Language: eng
Number of pages: 85
Description: The most significant change to private sector as well as civil service employee retirement systems over the      past 15 years has been the transition from defined benefit to defined contribution retirement plans. This trend      has shifted a significant portion of the risk involved in funding retirement from corporations and the federal      government to employees. This thesis examines the military retirement system and the Civil Service      Retirement System/Federal Employee Retirement System, from their introduction to present day, addressing      the reasons for major changes during their evolution. Government studies, private studies, periodicals and      Internet resources were consulted to identify significant developments and legislation affecting the military      retirement system and Federal Employee Retirement System (FERS). While the retirement system for federal      employees has transitioned from a strict defined benefit system to a system with a defined contribution      element, the military retirement system has not yet incorporated a defined contribution component. The trend      of persistent legislative attention towards the military retirement system implies that the 1980 and 1986      reductions didn't cut deep enough and future reductions are possible. The success of FERS suggests that the      application of a defined contribution element to the current military retirement system is very likely in the      future.
Notes: Thesis advisor(s): Richard B. Doyle, Frank J. Barrett.

"June 1998."

Thesis (M.S. in Management) Naval Postgraduate School, June 1998.

Includes bibliographical references (p. 85).

Approved for public release; distribution unlimited.

Also available online.

Mode of access: World Wide Web.

System requirements: Adobe Acrobat Reader 7.0.

US Navy (USN) author.

dk/dk cc:9116 9/2/98.