Assessing Compensation Reform

Author : Beth J. Asch
Publisher : RAND Corporation
ISBN 13 :
Total Pages : 142 pages
Book Rating : 4.52/5 ( download)

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Download or read book Assessing Compensation Reform written by Beth J. Asch and published by RAND Corporation. This book was released on 2008 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Military compensation is a pillar of the all-volunteer force. It is a fundamental policy tool for attracting and retaining personnel, and its structure-and the incentives implied by its structure-can affect U.S. service members' willingness to join, exert effort, demonstrate their leadership potential, remain in the military, and, eventually, exit the military at an appropriate time. Military compensation is a composite of current pay and allowances, special and incentive pays, health benefits, disability benefits, retirement benefits, and other benefits. Its importance to the readiness and morale of the force is such that it is reviewed every four years to determine whether it is adequate to meet the U.S. military's objectives. To inform the 10th Quadrennial Review of Military Compensation, this monograph presents an in-depth examination of the mix and structure of the U.S. military's current retirement-benefit system and several policy alternatives. The study included the development of a model that was estimated and used to run a series of simulations based on active-duty and reserve personnel data to track the careers and potential decisionmaking of military personnel across the services. The simulation results were then assessed in terms of their cost-effectiveness and ability to meet the services' expectations for accession, retention, and career mobility.

Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.32/5 ( download)

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Download or read book Assessing Compensation Reform: Research in Support of the 10th Quadrennial Review of Military Compensation written by and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Military retirement reform has been a central element of the policy debate regarding why and how to restructure the system for compensating members of the U.S. armed forces. Concerns about the compensation system, and the retirement system specifically, include the rising cost of military compensation and the need for greater efficiency in the provision of compensation, the greater need for flexibility to reshape the force as missions change in ways that challenge the current compensation system, and issues related to the equity of military retirement benefits of active versus reserve personnel, junior versus senior personnel, and military personnel versus their civilian counterparts. Active members can claim retirement benefits before reservists can; junior members who leave prior to completing 20 years of service do not qualify for retirement benefits, unlike their more senior counterparts; and the 20-year vesting rule is outside the civilian vesting norm of 5-7 years of service, under the Employee Retirement Income Security Act of 1974 (ERISA). The 10th Quadrennial Review of Military Compensation (QRMC), building on previous studies and commission reports, including the 2006 report of the Defense Advisory Committee on Military Compensation (DoD, 2006) and the 2000 report of the Defense Science Board Task Force on Human Resources Strategy, has proposed an alternative military retirement system that addresses concerns regarding the current system while still sustaining the force. The defined benefit (DB) and defined contribution (DC) plans are the foundation of the alternative system considered in this analysis. RAND was asked to develop a modeling capability to assess compensation alternatives, such as the QRMC proposal, in terms of their effects on military retention, retirement behavior, vesting, cost, reserve participation, and the value of compensation from the perspective of the member leaving active duty. This monograph presents the results of that study.

Author : Peter Lurie
Publisher :
ISBN 13 :
Total Pages : 71 pages
Book Rating : 4.97/5 ( download)

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Download or read book Actuarial Assessment of Cost Impact of the 2004 Workers' Compensation Reform written by Peter Lurie and published by . This book was released on 2005 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Melissa West
Publisher :
ISBN 13 :
Total Pages : 190 pages
Book Rating : 4.79/5 ( download)

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Download or read book An Assessment of the 1989 Texas Workers' Compensation Reform Act written by Melissa West and published by . This book was released on 2002 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Jason Richwine
Publisher :
ISBN 13 :
Total Pages : 9 pages
Book Rating : 4.88/5 ( download)

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Download or read book Critical Issues in Assessing Teacher Compensation written by Jason Richwine and published by . This book was released on 2013 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: A November 2011 Heritage Foundation report -- “Assessing the Compensation of Public-School Teachers” -- presented data on teacher salaries and benefits in order to inform debates about teacher compensation reform. The report concluded that public-school teacher compensation is far ahead of what comparable private-sector workers enjoy, and that recruiting more effective teachers will be more difficult than simply raising salaries. The debate over the report's findings has generated substantive inquiries as well as some misconceptions. Here, the report's authors respond to questions and concerns, in the process showing that certain critical accusations -- such as undercounting teachers' work hours or overestimating retirement benefits -- are simply false. The broader implication of the authors' research is that the current teacher compensation system is not working. The United States needs a more rational system that pays teachers according to their performance.

Author : Michael J. Podgursky
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.65/5 ( download)

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Download or read book Market- and Performance-Based Reforms of Teacher Compensation written by Michael J. Podgursky and published by . This book was released on 2010 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a review of recent policy initiatives to reform teacher compensation systems and evidence regarding the effect of these policies. The first section examines the current structure of teacher compensation in the U.S. K-12 public education system. The compensation "system" for teachers is fragmented and uncoordinated. Teacher compensation is largely set by salary schedules that are neither market-oriented nor performance-driven. The second section reviews pay reforms being implemented in U.S. public school districts. The third section of the paper examines the small but growing evaluation literature on compensation reform, paying particular attention to evidence from studies using experimental and quasi-experimental designs to assess the impact of the program on student achievement and teacher outcomes. A final section provides observations on prospects for future reform, and suggestions for policy research. (Contains 6 tables and 10 footnotes.).

Author : American Society for Public Administration. Special Task Force on Federal Compensation Reform
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.48/5 ( download)

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Download or read book Federal Compensation Reform written by American Society for Public Administration. Special Task Force on Federal Compensation Reform and published by . This book was released on 1980 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Morley Gunderson
Publisher : University of Toronto Press
ISBN 13 : 9780802082398
Total Pages : 0 pages
Book Rating : 4.94/5 ( download)

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Download or read book Workers' Compensation written by Morley Gunderson and published by University of Toronto Press. This book was released on 2000-06-21 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Workers' compensation, begun in the early 1900s to address some of the human costs of the Industrial Revolution, was the first of Canada's social institutions. It aimed to redress social instability by reimbursing workers for their suffering while protecting companies from costly court cases. The need for its regulatory function did not diminish over the course of the century; indeed the need is just as significant today. Nevertheless, making workers' compensation work in Canada at the end of the century is a difficult task. Today employers feel overburdened and workers believe they are undercompensated. Litigation, which the system intended to avoid, has been increasing. Little-understood environmental illness, computer-related injuries, and lower-back pain are just some of the results of new work environments that make injury assessment a constant source of conflict. Industrial relations experts Morley Gunderson and Douglas Hyatt have responded to the multifaceted nature of the dilemma by bringing together top authorities from the disciplines of law, economics, sociology, medicine, and epidemiology to grapple with the most pressing issues. These ten essays, along with a comprehensive introduction, explore the new breed of injuries, public versus private provision of compensation, the impact of workers' compensation on the macro-economy, the nature of appeals litigation, and the efficacy of regulatory control and cost incentives in reducing work-related injuries. Policy makers, lawyers, and scholars will find this book an irreplaceable tool for understanding workers' compensation reform in the upcoming century.

Author : Jason Richwine
Publisher :
ISBN 13 :
Total Pages : 9 pages
Book Rating : 4.36/5 ( download)

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Download or read book Critical Issues in Assessing Teacher Compensation. Backgrounder written by Jason Richwine and published by . This book was released on 2012 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: A November 2011 Heritage Foundation report--"Assessing the Compensation of Public-School Teachers"--presented data on teacher salaries and benefits in order to inform debates about teacher compensation reform. The report concluded that public-school teacher compensation is far ahead of what comparable private-sector workers enjoy, and that recruiting more effective teachers will be more difficult than simply raising salaries. The debate over the report's findings has generated substantive inquiries as well as some misconceptions. Here, the report's authors respond to questions and concerns, in the process showing that certain critical accusations--such as undercounting teachers' work hours or overestimating retirement benefits--are simply false. The broader implication of the authors' research is that the current teacher compensation system is not working. The United States needs a more rational system that pays teachers according to their performance. (Contains 43 footnotes.) [For related report, "Assessing the Compensation of Public-School Teachers. A Report of the Heritage Center for Data Analysis", see ED525685.].

Author : Kylie Canaday
Publisher :
ISBN 13 :
Total Pages : 51 pages
Book Rating : 4.04/5 ( download)

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Download or read book Assessing California's Workers' Compensation Policy written by Kylie Canaday and published by . This book was released on 2009 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the reforms made to California's Workers' Compensation (WC) law between 2002 and 2004. During the pre-reform period employers in California faced the largest average WC premiums in the nation, whereas the post-reform period saw decreases in injuries, cost per claim and premiums. We assess the impact of the reforms on employees by examining the propensity to seek care for minor injuries before and after the reforms and reveal who bore the incidence of reforms. We test for a change in propensity to seek care via the ``Monday effect" often documented in the literature and examine if the prevalence of Monday claims changed after the reform years. We also examine the incidence of the reforms by revealing if reductions in Workers' Compensation insurance premiums were passed-through to the worker in the form of higher real wages. We use a control state and apply the difference-in-differences method to measure the effects in California relative to the counter-factual. We control for occupational risk by creating an index of relative risk by occupation for each state and find that wages in California increased during the post-reform period relative to our control group. In our intra-state comparison, we find that relative to low-risk industries, workers in high risk industries experienced decreases in their wages despite a decrease in the average WC premium.