The Defense Department has developed a set of recommendations for the agency to retain an all-volunteer force and secure benefits for retiring service members, DoD News reported Wednesday.
John Banusiewicz writes Army Col. Steve Warren, a DoD spokesperson, said the Military Compensation and Retirement Modernization Commission helped craft a new structure that DoD proposed to Congress on Wednesday.
“This change to a blended retirement system is a key step in modernizing the department’s ability to recruit, retain and maintain the talent we require of our future force,” Warren told reporters.
DoD seeks to establish a platform for the agency to automatically contribute money equivalent to 1 percent of a soldier’s basic salary through the Thrift Savings Plan program during the service member’s career, the report said.
The department also wants each military branch to offer a continuation pay to soldiers who have served eight to 16 years, according to the publication.