Pros & cons of ‘blended retirement system’

The armed forces will be implementing the blended retirement system in January. So what does that mean if you are already in the service? What are the benefits...

Next year, the uniformed services will adopt a new “blended retirement system” that will cover everybody entering the military on or after Jan. 1, 2018.

The BRS will include a 401(k)-like defined contribution plan that vests at two years. Also a continuation bonus around 12 years of service plus a defined benefit pension at retirement after 20 years.

So what if you are already in the service? Do you want into the BRS? Is it right for you?

Michael Meese is the chief operating officer of the American Armed Forces Mutual Aid Association (AAFMAA), and he will answer those questions and talk about the pros and cons of switching, when he joins host Mike Causey on this week’s Your Turn radio show.

You can tune into the broadcast today at 10 a.m., either streaming at Federal News Radio or on 1500 AM in the Washington area. The show will be archived on the Your Turn page, so you can listen later, listen again or pass it on to a friend.

Copyright © 2024 Federal News Network. All rights reserved. This website is not intended for users located within the European Economic Area.

Related Stories