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Article

Modernizing Pension Eligibility for the U.S. Military

John A. Turner and Bruce W. Klein
The Journal of Retirement Winter 2016, 3 (3) 116-127; DOI: https://doi.org/10.3905/jor.2016.3.3.116
John A. Turner
is the director of the Pension Policy Center in Washington, DC.
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  • For correspondence: jaturner49@aol.com
Bruce W. Klein
is a senior research associate at the Pension Policy Center in Washington, DC.
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  • For correspondence: brucewklein@aol.com
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Abstract

The U.S. Congress has not changed the retirement age eligibility requirements for pensions for the U.S. military in nearly 70 years, and retirement ages for the military in other NATO countries are as much as two decades higher than they are in the United States. U.S. military pensions are four times as expensive relative to wages than are pensions for federal civilian employees, primarily because military pensions can be received 20 years earlier. This article presents the case for raising the eligibility age for military pensions to bring it in line with that of other NATO countries.

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The Journal of Retirement: 3 (3)
The Journal of Retirement
Vol. 3, Issue 3
Winter 2016
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Modernizing Pension Eligibility for the U.S. Military
John A. Turner, Bruce W. Klein
The Journal of Retirement Jan 2016, 3 (3) 116-127; DOI: 10.3905/jor.2016.3.3.116

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Modernizing Pension Eligibility for the U.S. Military
John A. Turner, Bruce W. Klein
The Journal of Retirement Jan 2016, 3 (3) 116-127; DOI: 10.3905/jor.2016.3.3.116
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  • Article
    • Abstract
    • THE COST OF MILITARY PENSIONS
    • CURRENT RETIREMENT AGE AND PENSION PLAN FOR U.S. MILITARY
    • INTERNATIONAL EXPERIENCE
    • LENGTH OF TIME SINCE THE RETIREMENT AGE WAS RAISED
    • COSTS AND BENEFITS OF RAISING THE RETIREMENT AGE FOR THE U.S. MILITARY
    • ENACTMENT STRATEGY
    • CONCLUSION
    • ENDNOTES
    • REFERENCES
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  • Editor’s Letter
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