Retired Pay-Blended Retirement System
The National Defense Authorization Act (NDAA) for Fiscal Year 2016, Public Law 114-92, enacted on 25 November 2015, created a new retirement system for the Uniformed Services, referred to as the Blended Retirement System (BRS), which went into effect on 1 January 2018. The BRS applies to all Service members who enter 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) will increase the automatic enrollment percentage from 3% to 5% of pay for all Federal Employees Retirement System (FERS), Civil Service Retirement System (CSRS), and 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. The Thrift Savings Plan Enhancement Act of 2009 grants the FRTIB the authority for this change. This change will not affect the contribution rates in place for FERS and CSRS participants who were automatically enrolled in the TSP prior to October 1, 2020, or BRS participants who were automatically enrolled prior to October 1, 2020, and did not terminate their contributions. Click here for more information.
Falls Church, VA, October27, 2020 - Do you find it hard to hear your family or friends during conversations? Have you missed hearing a doorbell ring or horn beep? Hearing loss is a common issue caused by noise, aging, heredity, and disease. Hearing is vital to teamwork and communication, especially in a military setting. TRICARE may cover hearing exams and hearing aids. This is based on your TRICARE health plan and sponsor type.
Falls Church, VA, October 22, 2020 - Are you looking for a fast and easy way to manage your prescriptions? You can download the Express Scripts® mobile app. This free app offers a convenient way to manage your TRICARE pharmacy benefit when you’re at home or on the go. It’s available to you no matter the pharmacy option you choose to use. To get started, simply log in with your TRICARE Express Scripts username and password. If you don’t have an account, you can register for one online.