Accession Number:

ADA609828

Title:

2014 Retirement Choices

Descriptive Note:

Final rept.

Corporate Author:

CNA ANALYSIS AND SOLUTIONS ARLINGTON VA

Report Date:

2014-09-01

Pagination or Media Count:

31.0

Abstract:

This briefing is designed to assist Marines considering the choice between High-3 retirement and a REDUX retirement with a 30,000 Career Status Bonus. For virtually every Marine, choosing REDUXbonus results in a significant loss in retirement income over the course of a Marine s lifetime. Military retirements come in the form of pensions. Pensions are risk-free, tax sheltered, inflation-adjusted annuities with options for spousal benefits such as the Survivor Benefit Plan on the death of the member. Such private pension provisions are very expensive, and only a few companies offer them. But some Marines are making irrevocable choices that don t maximize their retirement incomes. This briefing addresses those choices and how decisions can be made that best suit a Marine s unique set of circumstances.

Subject Categories:

  • Personnel Management and Labor Relations

Distribution Statement:

APPROVED FOR PUBLIC RELEASE