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 October 1, 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 October 1, 2020, and for BRS participants automatically re-enrolled in the TSP on or after January 1, 2021, per 5 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 October 1, 2020, and did not terminate their contributions. Click here for more information.
Recognition for Qualifying Participation in Operation CAPITOL RESPONSE I and II and the Presidential Inauguration
WASHINGTON, April 14, 2021 - The Department of Defense has approved award of the Armed Forces Service Medal (AFSM) to recognize service members for their qualifying participation in Operation CAPITOL RESPONSE I and II and the Presidential Inauguration. Both Active and Reserve Component members are eligible for such recognition. The period of award is from January 6, 2021 to future to-be-determined termination date. The designated ‘area of eligibility’ includes the National Capital Region (District of Columbia, the Maryland counties of Montgomery and Prince George’s; the Virginia counties of Alexandria, Arlington, Fairfax, Loudoun, and Prince William).
WASHINGTON, April 12, 2021 - Department of Housing and Urban Development’s 2020 Annual Homeless Assessment Report (AHAR) to Congress found that on a single night in January 2020, there were 37,252 Veterans experiencing homelessness in America, an increase of 0.4% over 2019.