The Federal Retirement Thrift Investment Board, the agency that facilitates the Thrift Savings Plan, is preparing for two major projects next year. The new blended retirement program for military members and the agency's long term IT modernization plan are the driving factors behind the agency's 17 percent budget increase in 2017.
Even before the blended retirement plan goes into effect, the Pentagon is monkeying with it, and that's got the ire of retired officers.
The blended retirement system for those exiting a military career goes into effect in 2018. It substitutes future annuity levels with matching funds in the Thrift Savings Plan. Even before the plan goes into effect, the Pentagon is monkeying with it, and that's got the ire of retired officers. Retired Marine Corps Col. James Sweeney, president of the Reserve Officers Association, joins Federal Drive with Tom Temin to offer his insight.