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Social and Behavioral Sciences Commons

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Master's Theses

Theses/Dissertations

United States

1978

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Full-Text Articles in Social and Behavioral Sciences

The United States Military Pension System : Toward A Rational Reform With Commentary On The Report Of The President's Commission On Military Compensation, L. Shelton Clarke Aug 1978

The United States Military Pension System : Toward A Rational Reform With Commentary On The Report Of The President's Commission On Military Compensation, L. Shelton Clarke

Master's Theses

In August of 1974, I wrote U. S. Senator Harry F. Byrd, Jr., the senior Virginia senator and T. Edward Braswell, Chief Counsel for the Senate Armed Services Committee for a good deal of material concerning the United States military pension system.

The system had intrigued me as a pension planner for many years for several reasons. First, the plan itself possessed grave design defects, which if allowed to exist in private plans would lead the employer corporation excessive cost and possibly fiscal insolvency. Second, with the quadrupling of the price of oil in 1974 and the creation of a …