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Where We Are Today

The following information is part of a presentation by the Defense Business Board about Modernizing the Military Retirement System dated July 21, 2011.  You can find the first slide in the presentation here.

 

  • The All Volunteer Force has proven to be an outstanding success
  • Congress has shown consistent support for the military through increases in both compensation and benefits
  • Military compensation is higher than that of average civilians with similar education levels (see Appendix A)
    • –Enlisted pay ranks in the top quartile of that of high school graduates
    • –Officer pay ranks in the top quartile of that of college graduates
  • Retiree healthcare (TRICARE) is significantly more generous than civilian programs
  • Military retirement exceeds levels in the private sector
  • 83% of military personnel receive no retirement benefits

 

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