The Question of Retirement: An Examination of the Factors Relevant to the Retirement Decision of the Individual Naval Officer
NAVAL POSTGRADUATE SCHOOL MONTEREY CA
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One situation confronting a military officer is that at some point he must retire either voluntarily or involuntarily. Under certain conditions he may have to make a transition to a second career. Given this transition, substantial advance planning should be undertaken to determine, from the range of retirement opportunities available, the optimum time at which to retire in order to achieve his personal goals. Particular factors that the potential retiree should consider prior to electing voluntary retirement were developed. A present value analysis was used to present various financial options related to the officers marketability in the civilian sector, his military career, and personal goals. No decision on the most opportune retirement point was reached or intended. It was concluded that the voluntary retirement decision is completely individual and not clear cut and that extensive planning is required prior to retirement.
- Personnel Management and Labor Relations