The Blended Retirement System combines elements of the legacy retirement system with benefits similar to those offered in many civilian 401(k) plans. The opt-in period for the majority of service members closed Dec. 31, 2018. However, it's still important that you learn how to maximize your retirement choice through the information found below. If you have further questions about the Blended Retirement System or financial planning, please contact your local pay or finance office.
Retirement Journey - Eligibility
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DoD Successfully Closes BRS Opt-In Window
The Blended Retirement System opt-in enrollment period closed at midnight on Dec. 31, 2018, capping off the successful roll-out of a new retirement system for members of the uniformed services. More than 400,000 DOD service members chose to opt into BRS during the enrollment period, and more than 150,000 new members were automatically enrolled upon entering the service. In total, over half a million uniformed service members are now covered by BRS and able to begin receiving portable, government-provided retirement benefits.
The Clock is Ticking
Hi there, remember me? We chatted about retirement earlier this summer — I laid out all of the basic elements of the new Blended Retirement System. I strongly encourage you to go back and check it out if you need a refresher. But now we’re quickly closing in on Dec. 31, the end of the opt-in period, and there are a few things I want to remind you of before it’s too late.
BRS vs. High-3 Legacy: Everything to Know About Your Retirement Choices
So, let’s chat retirement for a quick minute. You took the Blended Retirement System training last year, right? Probably because your boss told you to get it done so she could report 100 percent completion for your unit, right? And it was probably the most boring two hours of your life, right? So, now that we’re halfway through 2018, how much do you actually remember about BRS and retirement from that training? Not much, #amIright?
DoD Educates Military Spouses on BRS
The Department of Defense (DoD) continues to educate Uniformed Services spouses on the new Blended Retirement System (BRS). For those eligible to opt into BRS, the decision may not be easy to make, and Service members are encouraged to discuss factors for consideration with their spouse or partner before making this irrevocable decision. For Service members who decide to opt into BRS or enter the Uniformed Services after January 1, 2018 and are automatically enrolled into BRS, understanding the components of the BRS is important to maximizing the benefits to help meet personal financial goals.
Blended Retirement to take effect Jan. 1
DoD Launches Blended Retirement System Comparison Calculator
Troops to Receive Training on Military’s New Blended Retirement System