Voluntary Separation and Early Retirement Plans: A Survey of Naval Postgraduate School Lieutenant Commanders
NAVAL POSTGRADUATE SCHOOL MONTEREY CA
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Lieutenant commanders LCDRs attending the Naval Postgraduate School were surveyed on their perceptions of three voluntary separation plans, Special Separation Benefit SSB, Voluntary Separation Incentive VSI and 15-year early retirement. Additionally, several studied to identify their relationship to the likelihood of accepting one of factors were the plans. Survey results indicate that 1 LCDRs are a career oriented group who plan to remain in the Navy at least until eligible for a 20-year retirement, 2 there is little probability that LCDRs would accept SSB or VSI if given the choice, 3 the majority of LCDRs 60 percent expressed some likelihood of accepting 15-year early retirement if given the opportunity, 4 full retirement benefits and lifetime monthly income were the most important, factors considered when ranking the three plans in order of their likelihood of acceptance, and 5 availability of medical care was rated as the most important benefit in their acceptance decision.
- Personnel Management and Labor Relations
- Military Forces and Organizations