If possible, consider saving and investing additional money on your own. Of course, your retirement savings don’t have to be limited to the retirement benefits offered by the DoD. If you joined military service on or after January 1, 2018, you are automatically under the BRS. You receive TSP contributions whether or not you serve for 20 years or more, and under the BRS, the Department of Defense (DoD) will match your TSP contributions up to 5 percent. Blended Retirement System (BRS) is a combination of a retirement annuity for those who serve 20 years or more and contributions to a defined contribution plan, known as the Thrift Savings Plan (TSP). If you were a service member on or before December 31, 2017, you are under the Legacy Retirement System unless you opted into the Blended Retirement System.Ģ. You must serve at least 20 years to receive any benefit from this plan. If you serve 20 years or more, you will receive a lifetime monthly annuity (pension) determined by years of service and the average of your highest 36 months of basic pay. Legacy Retirement System, officially called the Uniformed Services Retirement System, is a defined benefit plan. As a member of the military, you are under one of two retirement systems.ġ.
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