Estimating the Retention Effects of Continuation Pay
Center for Naval Analyses Arlington United States
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In this study, CNA uses a dynamic modeling approach to analyze the retention impacts of the recent change in the military retirement system. Our focus is on a lump-sum Continuation Pay that sailors receive in the middle of their careers. This Continuation Pay is designed to be able to offset the retention decline that results from some of the other retirement changes, and we find that it can do so. We also discuss some of the ways in which Continuation Pay is likely to interact with other Navy force-shaping policies.
- Military Forces and Organizations
- Personnel Management and Labor Relations
- Statistics and Probability