The Blended Retirement System (BRS) is the new military retirement system. It went in to effect in 2018. The new system blends the traditional legacy retirement pension with a defined contribution benefit that is applied to the service member’s Thrift Savings Plan (TSP) account. It is one of the most significant changes to the compensation system since World War Two.
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 »
Maximizing Your Thrift Savings Plan Retirement Fund All government employees are uniquely positioned to set themselves up for a great retirement. How? Through the Thrift Savings Plan (TSP). The TSP offers the same type of savings and tax benefits that many private corporations provide their employees under their 401-K plans. (Learn the full ins and… 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 »