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.