The Military Compensation and Retirement Modernization Commissions Blended Retirement Plan: A First Look at Marine Corps Implications
CNA ANALYSIS AND SOLUTIONS ARLINGTON VA ARLINGTON
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The final report of the Military Compensation and Retirement Modernization Commission MCRMC proposes a blended retirement plan that would reduce the size of the defined benefit in the current retirement plan but would add an employer-matching Thrift Savings Plan and a continuation bonus. This plan has received significant support by the Congress and throughout the Department of Defense and is likely to be codified in law in the next National Defense Authorization Act. This research memorandum helps to begin the Marine Corps analytic process for implementation of the proposed plan. It recaps key features of the proposed plan, reviews compensation management basics, identifies key force management objectives that could be affected by compensation changes, provides preliminary analysis for how these objectives could be affected by the proposed plan, and provides a framework to conduct detailed follow-on analysis.
- Personnel Management and Labor Relations
- Economics and Cost Analysis
- Military Forces and Organizations