How Long to Read The Blended Retirement System

How Long Does it Take to Read The Blended Retirement System?

It takes the average reader to read The Blended Retirement System by Beth J. Asch

Assuming a reading speed of 250 words per minute. Learn more

Description

"For decades, the services had a defined-benefit system that vested after 20 years of service in an immediate annuity computed based on years of service and basic pay using a 2.5-percent multiplier. The 2016 National Defense Authorization Act created a new system called the Blended Retirement System (BRS) that changes the defined-benefit multiplier to 2.0 percent and adds two new components: a defined-contribution plan known as the Thrift Savings Plan and continuation pay (CP). This research uses RAND's Dynamic Retention Model to simulate the steady-state effects of the BRS on active component retention, reserve component participation, and CP costs for both officers and enlisted personnel for each of the armed services. The report finds that the BRS can sustain the same force size and mix as the legacy system for enlisted personnel and officers in each service. The CP multipliers that sustain long-run retention are similar across the services but differ for enlisted personnel and officers. Enlisted multipliers are close to the floor established by Congress, while officer multipliers are substantially higher. Simulations show that virtually all junior enlisted personnel would elect the BRS over the legacy system, although the election rate drops off with years of service. The officer pattern is similar when CP multipliers are set high enough to sustain long-run retention, but relatively few officers elect the BRS when CP multipliers are lower. The report finds that election rates affect the time pattern of cost and cost savings to the government"--Publisher's description.

How long is The Blended Retirement System?

The Blended Retirement System by Beth J. Asch is 0 pages long, and a total of 0 words.

This makes it 0% the length of the average book. It also has 0% more words than the average book.

How Long Does it Take to Read The Blended Retirement System Aloud?

The average oral reading speed is 183 words per minute. This means it takes to read The Blended Retirement System aloud.

What Reading Level is The Blended Retirement System?

The Blended Retirement System is suitable for students ages 2 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Blended Retirement System?

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