Blended Retirement: Round 2 On June 23rd, 2020, Senator Patty Murray (D-WA), a senior member of the Senate Veterans’ Affairs Committee, introduced the Re-Open Enrollment for Servicemembers to Opt-In to Updated Retirement Choice for Enduring Security (RESOURCES) Act of 2020, which “would promote financial security for military families by improving financial training,” according to a… Read more »
COVID-19’s Impact on Military Retirees’ Compensation The pandemic has greatly impacted the economy and that can be felt in a number of places. Unfortunately, military veteran compensation has not escaped the grasp of COVID-19 and sadly, many retirees have been and will continue to feel its effects well into next year. Bureau of Labor and… Read more »
The Blended Retirement System (BRS) was created with the Fiscal Year 2016 National Defense Authorization Act. What is the Blended Retirement System (BRS)? The Blended Retirement System, or BRS, is a new military retirement system. The new system blends the traditional legacy retirement pension with a defined contribution benefit. This benefit is applied to the… Read more »
The Thrift Savings Plan (TSP) is a retirement savings and investment plan for federal employees. The plan is also available for members of the uniformed services, including the Ready Reserve. The Thrift Savings Plan was established by Congress in the Federal Employees’ Retirement System Act of 1986. The TSP offers the same type of savings… Read more »
Service Members Now Have More Options to Invest in TSP The Thrift Savings Plan will retire one fund and add six new funds on July 1st. The six new TSP options consist of L Funds or lifecycle funds which are crafted to allow investors to balance returns and risk on their TSP portfolio of holdings…. Read more »