Blended Retirement System enrollment period ends Dec. 31
WASHINGTON (NNS) -- Navy issued a reminder to Sailors eligible to opt-in to the Blended Retirement System (BRS) that the BRS enrollment period ends Dec. 31, in NAVADMIN 280/18, released Nov. 20.
Sailors can enroll in BRS via MyPay at https://mypay.dfas.mil/. Opt-in eligible Sailors who decide not to enroll in BRS will remain in the current "legacy" retirement system.
Command leaders are responsible for ensuring opt-in eligible service members are prepared to make an informed financial decision prior to the closure of the opt-in window. Once a Sailor elects to enroll in BRS that decision is permanent.
NAVADMIN 280/18 provides instructions for command career counselors or command pay and personnel administrators to generate a BRS Eligibility report from Navy Standard Integrated Personnel System (NSIPS) for their command. This report can help commands in reaching out to their eligible Sailors, to ensure they have the information they need to make their decision.
According to the NAVADMIN, not all Sailors who have opted into BRS are making contributions to their Thrift Savings Plan (TSP) account, so they are not receiving government matching funds. Sailors are encouraged to talk with their command financial specialist or a financial counselor to review their budget options to maximize their TSP contributions.
Sailors can find complete BRS information on the Department of Defense BRS web page at https://militarypay.defense.gov/blendedretirement/.
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