As an active duty retiree – 21 years in the United States Army – and a personal finance blogger, news of the Department of Defense’s new retirement system, the Blended Retirement System (BRS), was of particular interest. Suffice it to say a significant change is on the horizon for many of our nation’s service members. The services will begin implementation in 2018, affecting not only active duty members who will begin their careers in 2018, but also those currently on active duty.
U.S. Army Airborne
The goal is to offer a retirement system that aligns more closely with a civilian 401(k) plan, as well as to offer benefits for those who serve their country in uniform but not for a full 20-year career. While this new system is designed to save the government money … Read the Article