The Department of Defense (DoD) has officially launched a new tool to help servicemembers plan for the new Blended Retirement System (BRS). The DoD BRS 'Opt-In' Comparison Calculator gives BRS eligible servicemembers their first opportunity for an individualized comparison of retirement systems. The comprehensive tool, in combination with the mandatory BRS Opt-In Course, will assist the nearly 1.7 million opt-in eligible servicemembers and their families make an informed decision on whether or not to elect the new retirement system. The BRS goes into effect on Jan. 1, 2018. Servicemembers can get free, personal support from an accredited personal financial counselor or manager through their installation’s Military and Family Support Center.
Learn more about the new Blended Retirement System at Military.com.