Roy A. Wallace

A Framework for Restructuring the Military Retirement System Roy A. Wallace

The current military retirement system has been integral to sustaining the All Volunteer Force (Avf). Mounting federal budget challenges, however, have raised concern that the program may become fiscally unsustainable. While several restructuring proposals have emerged, none have considered the implications of these changes to the broader issue of manning an Avf. Changes to the existing system could create military personnel shortfalls, adversely affect service member and retiree well-being, and reduce public confidence in the Armed Forces. With the right analytical framework in place, however, a more holistic restructuring of the system is possible, one that avoids these negative effects while significantly reducing costs. This monograph provides both a comprehensive framework and a proposal that stand to benefit both service members in terms of value and the military in terms of overall cost savings.