BRN FOCUS | MAXIMIZING MILITARY MEMBERS' SAVINGS

Military members which joined after January 2018 are part of the Blended Retirement System (BRS). BRS uses the retirement annuity formula that has been in place for years: the average of the service member's highest 36 months of basic pay times 2.5% of their years of service -- but the 2.5% is adjusted downward by half of a percentage point, from 2.5 to 2%. To make up for this reduction the government will contribute to a member's Thrift Savings Plan account.

BRN FOCUS | MAXIMIZING MILITARY MEMBERS' SAVINGS

Photo: images02.military.com