Military Retirement Benefits Changing

To Address the fact that most military personnel never stay the 20 years they need to earn their maximum retirement benefits, the Military is changing the rules.  The new plan, called “Blended Retirement System” or BRS, “combines a traditional pension with a defined contribution plan, similar to a private sector 401(k) plan. As of Jan. 1, service members entering the military will automatically be enrolled in the new BRS program.  Those who have served 12 years or more as of Dec. 31, 2017 will remain in the old legacy retirement plan, earning that guaranteed pension.”


For the full article, click here.