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2018 Military Retirement Options: An Expected Net Present Value Decision Analysis Model, Bret N. Witham
2018 Military Retirement Options: An Expected Net Present Value Decision Analysis Model, Bret N. Witham
Theses and Dissertations
The 2016 NDAA authorized changes to the military retirement system transitioning from the legacy High-3 defined benefit annuity to the new Blended Retirement System (BRS). In exchange for a reduced defined benefit annuity, the BRS incorporates automatic and matching contributions to the member’s Thrift Savings Plan and a continuation payment offered at 12 years of service. In 2018,service members with less than 12 years of service will make an irrevocable decision between the two retirement systems. This research effort addresses the problem by developing a decision analysis model incorporating up to 27 different input variables. Service members can use the …