Posted on Aug 29, 2016
Retention, Incentives, and DoD Experience Under the 40-Year Military Pay Table | RAND
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Are Army Officers Worth More?
A RAND Corp. report looking at possible changes in military pay scales found Army officers would have to be paid bigger incentive bonuses than officers in the other services to avoid personnel losses if the military stopped providing longevity pay raises beyond 30 years of service. Army officers needed $99,600 in pay, compared to $92,000 for the Navy, $90,900 for the Air Force and $87,900 for the Marine Corps.
What to watch: The current pay chart includes longevity increases through 40 years of service but Congress is considering having pay top out after 30 years. The potential loss of a handful of experienced colonels is one of the concerns, hence the discussion of possible offsetting incentive payments.
A RAND Corp. report looking at possible changes in military pay scales found Army officers would have to be paid bigger incentive bonuses than officers in the other services to avoid personnel losses if the military stopped providing longevity pay raises beyond 30 years of service. Army officers needed $99,600 in pay, compared to $92,000 for the Navy, $90,900 for the Air Force and $87,900 for the Marine Corps.
What to watch: The current pay chart includes longevity increases through 40 years of service but Congress is considering having pay top out after 30 years. The potential loss of a handful of experienced colonels is one of the concerns, hence the discussion of possible offsetting incentive payments.
Retention, Incentives, and DoD Experience Under the 40-Year Military Pay Table | RAND
Posted from rand.org
Military Pay
Retirement
Finance
Benefits
Posted >1 y ago
Responses: 2
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The military has created a "sweet spot" for Officers to retire at 22 years / high three
- in most cases (without prior service) an officer will retire as a LTC.
No issues staying on as a LTC without promotion, however when considering family and forgoing our best earning years, there is no incentive.
SoF offers enlisted and warrant a generous 6 figure incentive at 18 years to stay till 24 years. Not saying 150k bonus is necessary...... But to extend the pay scale would be appropriate beyond 22 yr max.
- in most cases (without prior service) an officer will retire as a LTC.
No issues staying on as a LTC without promotion, however when considering family and forgoing our best earning years, there is no incentive.
SoF offers enlisted and warrant a generous 6 figure incentive at 18 years to stay till 24 years. Not saying 150k bonus is necessary...... But to extend the pay scale would be appropriate beyond 22 yr max.
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Not sure how much I buy in difference of service makes. Pilots and docs are hard to come by in any service.
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