Mandatory Participation in the Direct Deposit System for U. S. Navy Members: Issues and Concerns
NAVAL POSTGRADUATE SCHOOL MONTEREY CA
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This thesis discuss es issues pertaining to the implementation of a mandatory direct deposit policy by the U.S. Navy. Research was concentrated on issues of concern to the afloat community and personal financial management. Availability of cash underway, the impact of shipboard ATMs and the ability of the Navys various afloat pay data entry systems to provide accurate and timely service in a direct deposit environment were analyzed. The personal financial management skills necessary for successful interaction with the Direct Deposit System were defined and the Navys current means of providing training to acquire those skills were explored. Among the conclusions reached by the author are that the Navys current afloat pay data entry systems cannot provide sufficiently timely or accurate service to support a mandatory direct deposit policy, and that the Navys current means of providing relevant personal financial management skills training are inadequate to prepare Navy members for a mandatory direct deposit policy.
- Economics and Cost Analysis