The authors summarize the principal features of a model of military compensation developed by the authors earlier and use it to analyze the effects of converting the current military retirement system to an alternative system patterned after the federal employees retirement system. While many aspects of the united states military have been modernized since the end of world war ii the military retirement system adopted in 1945 remains in place to this daythis antiquated military retirement system does not account for the changes in troop requirements and does not address the needs of a modern force. Reforming the military retirement system congress enacted the military retirement reform act of l986 as a means to save money and induce more members to continue their service beyond 20 years . Reforming the military retirement system wharton public reforming the military retirement system july 13 2015 while many aspects of the united states military have been modernized since the end of world war ii the military retirement system adopted in 1945 remains in place to this day. Military retirement reform a review of proposals and options for congress congressional research service 1 overview beginning with the 1948 hook commission1 few military subjects have generated as much interest or commentary as the military retirement system2 the number of reports analyses and studies aimed at modifying or reforming the system have been voluminous
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