SCOTT AIR FORCE BASE, Ill. -- As we head into the busy holiday season, there is much to be thankful for.
But, if you haven't made your decision yet whether or not to opt into the Blended Retirement System,
don't delay.
The end of year deadline is rapidly approaching. The choice between opting
into BRS or staying with the Legacy System should be a decision you make
carefully and thoughtfully.
Check the calculator or find more resources here to help you decide *
https://militarypay.defense.gov/BlendedRetirement/
One of the most wide-reaching and significant changes to military pay and benefits of the last 70 years goes into effect on Jan. 1, 2018, with the implementation of the Uniformed Services Blended Retirement System (BRS). The new system blends aspects of the traditional defined benefit retirement pension system, with a defined contribution system of automatic and matching government contributions through the Thrift Savings Plan (TSP). All new entrants into the Uniformed Services on or after Jan. 1, 2018, will be enrolled in this new retirement system.
Nearly 1.6 million current service members will have the option to remain in the current legacy high-3 retirement system or choose the BRS when the opt-in period for eligible service members opens on Jan. 1, 2018. Opt-in eligible service members from all seven of the Uniformed Services will have an entire year to make their retirement system election.
The open period for the majority of service members is from Jan. 1, 2018, through Dec. 31, 2018.
If you have any questions, please feel free to contact me.
Deb Teague,
Director, 932 Airman & Family Readiness