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The National Defense Authorization Act for Fiscal Year 2016 created the "Blended Retirement System" (BRS), which combines a reduced defined benefit with an employer-matched contribution. [15] Under the BRS, service members will still receive a defined benefit retirement payment after 20 years of service, at a reduced multiplier of 2.0% per year ...
A participant who requests a single and/or certain monthly payments may roll over their payment(s) into a qualifying retirement account. If an employee has both a traditional and a Roth account, withdrawals may be made from one or the other, or proportionally from both (but if one account reaches zero future withdrawals will be made from the ...
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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 ...
On top of that, service members may choose a retirement plan, such as Final Pay, High-36, REDUX and Blended Retirement System (BRS). You can read the breakdown of each on the Military Compensation ...
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