Accession Number : AD1024463

Title :   Military Retirement: Background and Recent Developments

Descriptive Note : Technical Report

Corporate Author : Congressional Research Service Washington United States

Personal Author(s) : Kamarack,Kristy N

Full Text :

Report Date : 06 Jan 2017

Pagination or Media Count : 24

Abstract : The military retirement system is a government-funded, noncontributory, defined benefit system that has historically been viewed as a significant incentive in retaining a career military force. The system currently includes monthly compensation for qualified active and reserve retirees, disability benefits for those deemed medically unfit to serve, and a survivor annuity program for the eligible survivors of deceased retirees. The amount of compensation is dependent on time served, basic pay at retirement, and annual Cost-of-Living-Adjustments (COLAs). Military retirees are also entitled to nonmonetary benefits including exchange and commissary privileges, medical care through TRICARE, and access to Morale, Welfare and Recreation (MWR) facilities and programs.

Descriptors :   RETIREMENT PERSONNEL , military personnel , health services , department of defense , federal budgets , active duty , enlisted personnel , military medicine , health care , economic security , personnel management

Distribution Statement : APPROVED FOR PUBLIC RELEASE