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Reforming military retirement: Analysis in support of the Military Compensation and Retirement Modernization Commission. Santa Monica, California : RAND Corporation , 2015


RAND Corporation

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From the summary: “The Military Compensation and Retirement Modernization Commission (MCRMC) retirement reform plan is a blended approach that includes a defined benefit (DB), a defined contribution (DC) plan, and higher current compensation in the form of continuation pay at year of service (YOS) 12. In addition, the plan allows active component (AC) service members—at the time of their retirement from the military—a choice regarding the DB annuity receivable from the time of retirement to age 67.1 The member may choose a full DB annuity, a full lump-sum payment in lieu of the annuity, or partial DB annuity and partial lump sum.”



Asch, Beth J., Hosek, James, Mattock, Michael G.


RAND Corporation


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