Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Utilization of Decision Analysis for Service Member Retirement Options

Utilization of Decision Analysis for Service Member Retirement Options

Larose, Aaron J.

Paperback

General Education

ISBN10: 1249831067
ISBN13: 9781249831068
Publisher: Biblioscholar
Published: Oct 17 2012
Pages: 82
Weight: 0.36
Height: 0.17 Width: 7.44 Depth: 9.69
Language: English
The Military Retirement Reform Act of 1986 and subsequent repeal in the FY2000 Military Defense Authorization Act resulted in a decision problem for all military members considering retirement. The proper choice between the accepting the $30,000 Career Service Bonus and Redux retirement pay versus the traditional High-3 retirement pay must be made by all members approaching 15 years of service. Unfortunately there is very little guidance available for this decision; what little there is can be misleading. The purpose of the model is to utilize decision analysis tools to help bring clarity to the decision problem and allow service members to make their decision based on their preference probabilities and resulting expected values of either decision. The model provides a comprehensive approach to the decision and results in a product that can be used by every service member approaching retirement.

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