Instituting PLOP to Help Shore Up the RSA

By Davis Parker, University of Georgia

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Public pension plans have existed since the dawn of the Roman Republic. In 13 BC, Augustus formalized a state-sponsored retirement plan for veterans who served in Roman military campaigns. In 1775, the United States of America began guaranteeing retirement income for its Army and Naval forces, and after the Civil War, Congress passed a series of laws organizing the modern pension program for veterans—a fixed percentage of base income after a set number of years. 

Hoover Institution Summer Policy Boot Camp Director’s Award by Hoover Institution on Scribd

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