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The Blended Retirement System (BRS) is the current iteration of military retirement for the United States Armed Forces. The Blended Retirement System combines the defined-benefit retirement system known as "High-3" with an employer matching supplement.
On Jan. 1, 2018, the Blended Retirement System went into effect. This system was designed to address the needs of the 83% of service members who do not stay in the military for the full 20 years ...
Service members in the Blended Retirement System (BRS) are automatically enrolled in the TSP at 5% of their base pay. [2] Members of the military in the Legacy Retirement System may enroll in the TSP anytime but are not automatically enrolled.
Whether you're just starting out in the military or just about to retire, you'll need to make some important decisions that can have a long-term impact on your finances. Here's what you need to do ...
Although many American corporations have done away with a traditional pension system, the U.S. military has not. If you've put in long years of service with the U.S. Armed Forces, you're entitled ...
Retirement is the withdrawal from one's position or occupation or from one's active working life. [1] A person may also semi-retire by reducing work hours or workload. Many people choose to retire when they are elderly or incapable of doing their job for health reasons.
Military veterans in Arizona, Utah, Indiana, Nebraska and North Carolina no longer have to pay income tax on their military retirement benefits, joining a number of other states in not taxing ...
Federal Employees Retirement System. The Federal Employees' Retirement System ( FERS) is the retirement system for employees within the United States civil service. FERS [1] became effective January 1, 1987, to replace the Civil Service Retirement System (CSRS) and to conform federal retirement plans in line with those in the private sector.