Tag Archives: Thrift Savings plan

DoD Completes Blended Retirement System Opt-In Enrollment

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The Department of Defense has concluded the opt-in enrollment of a new military retirement system with over half a million servicemen registered in total. The Blended Retirement System fuses traditional pension with a thrift savings plan, allowing members to receive retirement benefits before reaching 20 years in service, the DoD said Monday.

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DoD to Launch New Military Retirement System on Jan. 1

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The Defense Department will implement a new military retirement system on Jan. 1 in an effort to boost its capacity to recruit and retain service members. DoD said Tuesday the new retirement program called Uniformed Services Blended Retirement System will combine aspects of the traditional pension system with a new process that will automatically …

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DoD Implements Mandatory Military Retirement System Training

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The Defense Department has implemented a mandatory training program on the updated military retirement system for eligible service members ahead of the system’s Jan. 1, 2018 effective date, DoD News reported Wednesday. Lisa Ferdinando writes Anthony Kurta, acting undersecretary of defense for personnel and readiness, said the Blended Retirement System is designed to …

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Steve Warren: DoD Proposes Changes to Military Pay, Benefits Structure

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The Defense Department has developed a set of recommendations for the agency to retain an all-volunteer force and secure benefits for retiring service members, DoD News reported Wednesday. John Banusiewicz writes Army Col. Steve Warren, a DoD spokesperson, said the Military Compensation and Retirement Modernization Commission helped craft a new …

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Panel Puts Forth Military Retirement Reform Proposals

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A panel tasked to examine the military’s retirement benefits system has sent a proposal to Capitol Hill that would put troops placed at boot camp in the Thrift Savings Plan, an investment account for federal employees similar to a 401(k), Military Times reported Thursday. Andrew Tilghman writes the Military Compensation and Retirement Modernization Commission also …

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