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The executive Summary of the Fifth Quadrennial Review of Military Compensation (Fifth QRMC) contains extracts from the multivolume report of this Presentially convened, legislatively mandated assessment of the Military Estate Program and active duty Special and Incentive pays conducted in 1983 and early 1984. It presents a statement of the concepts and principles of Uniformed Services compensation, briefly describes the methodology employed by the group and lists their final findings and recommendations. It is designed primarily as a desk reference that directs the reader to the applicable volume for detailed information.
Military compensation is a pillar of the all-volunteer force. It is a fundamental policy tool for attracting and retaining personnel, and its structure-and the incentives implied by its structure-can affect U.S. service members' willingness to join, exert effort, demonstrate their leadership potential, remain in the military, and, eventually, exit the military at an appropriate time. Military compensation is a composite of current pay and allowances, special and incentive pays, health benefits, disability benefits, retirement benefits, and other benefits. Its importance to the readiness and morale of the force is such that it is reviewed every four years to determine whether it is adequate to meet the U.S. military's objectives. To inform the 10th Quadrennial Review of Military Compensation, this monograph presents an in-depth examination of the mix and structure of the U.S. military's current retirement-benefit system and several policy alternatives. The study included the development of a model that was estimated and used to run a series of simulations based on active-duty and reserve personnel data to track the careers and potential decisionmaking of military personnel across the services. The simulation results were then assessed in terms of their cost-effectiveness and ability to meet the services' expectations for accession, retention, and career mobility.
In the analysis, the value of total compensation to the service member, in FY82, was used as a point of reference. First, the history and implementation of the various retirement benefits were reviewed in detail. Previous studies and resultant proposals to change the retirement system were thoroughly examined. Then, any proposed changes in compensation were assessed by evaluating their ultimate impact on force structure, related force effectiveness and resultant costs. Particular attention was focused on the system's effectiveness as a general long-term force management tool that must attract and retain the high-quality career force essential for our national security as well as support the development of a ready pool of reserve manpower for immediate recall. In a substantial portion of this analysis, alternative to the existing retirement system were developed and evaluated. An additional focus was placed on the consideration of how the retirement system assists in the transition of service members to the private sector upon retirement, and to extent to which it provides adequate compensation when they later reach old age. An extensive study of post-service earnings of all veterans (both retired and separated) was conducted especially for this effort. The volume contains a statement of the concepts and principles of Uniformed Services compensation, a detailed description of the computer modelling techniques employed, and a comprehensive discussion of the groups' findings and recommendations for change. The information in this volume is presented in such a manner that is understandable to the average reader yet technically correct and highly revealing to the econometrician.