Also in the news: DOD needs new retirement system, study finds

The Army Times reports that a new Defense Department study recommends overhauling the military retirement system to make it more flexible and efficient.


The second volume of the 10th Quadrennial Review of Military Compensation recommends offering "a combination of cash and deferred compensation that would allow for vesting with as few as 10 years of service," according to the Army Times.


The report recommends conducting a multiyear pilot of such a system, using volunteers who would have the option of rejoining the old retirement system at the end of the test.


Read the complete article.

Featured

  • Acquisition
    Shutterstock ID 169474442 By Maxx-Studio

    The growing importance of GWACs

    One of the government's most popular methods for buying emerging technologies and critical IT services faces significant challenges in an ever-changing marketplace

  • Workforce
    Shutterstock image 1658927440 By Deliris masks in office coronavirus covid19

    White House orders federal contractors vaccinated by Dec. 8

    New COVID-19 guidance directs federal contractors and subcontractors to make sure their employees are vaccinated — the latest in a series of new vaccine requirements the White House has been rolling out in recent weeks.

Stay Connected