The Defense Department will implement a new military retirement system on Jan. 1 in an effort to boost its capacity to recruit and retain service members.
DoD said Tuesday the new retirement program called Uniformed Services Blended Retirement System will combine aspects of the traditional pension system with a new process that will automatically allocate matching contributions through the Thrift Savings Plan.
Current service members may choose to remain in the legacy retirement system or move to BRS from Jan. 1 to Dec. 31, 2018.
DoD offers training and informational tools to help service members make their decision, including the BRS Opt-In Course, BRS Comparison Calculator and other online materials.
