Blended Retirement System
The Blended Retirement System (BRS) went into effect on 1 January 2018. The BRS applies to all Service members who entered the Uniformed Services with a Date of Initial Entry into Military Service (DIEMS) of 1 January 2018 or later. The BRS is a combination of a defined benefit plan, similar to predecessor plans that pay monthly retired pay, plus defined contributions and service matching to the Federal Thrift Savings Plan (TSP).
Implementation of 5% Automatic Enrollment Percentage for Thrift Savings Plan Participants
On 1 October 2020, the Federal Retirement Thrift Investment Board (FRTIB) increased the automatic enrollment percentage from 3% to 5% of pay for all Blended Retirement System (BRS) participants who are automatically enrolled in the TSP on or after 1 October 2020, and for BRS participants automatically re-enrolled in the TSP on or after 1 January 2021, per 5 Code of Federal Regulations (CFR) § 1600.34 and 1600.37. This change will not affect the contribution rates in place for BRS participants who were automatically enrolled prior to 1 October 2020 and did not terminate their contributions. Click here for more information.
VA will launch new life insurance program in January, making life insurance available to more Veterans than ever before
WASHINGTON, December 1, 2022 - On Jan. 1, 2023, the Department of Veterans Affairs will open enrollment for Veterans Affairs Life Insurance — the first new VA life insurance program for Veterans in more than 50 years — extending VALife access to millions of Veterans.
FALLS CHURCH, VA, December 1, 2022 - Are you thinking about your health care options for 2023? TRICARE Open Season, which runs until Dec. 13, might be your only chance all year to make changes to your current health coverage or enroll in a TRICARE Prime option, including the US Family Health Plan, or TRICARE Select.