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(whimsical music)

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- [Narrator] Legacy versus Blended Retirement.

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Which retirement system is right for you?

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Imagine that this represents the path

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of your military career and retirement.

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On the left is the Legacy Retirement System.

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On the right, the new Blended Retirement System or BRS.

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The Legacy system has served the DoD well

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since the late 1940s.

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BRS however, provides additional options

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to attract and manage a military force

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in an evolving global economy.

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It goes into effect in January 2018.

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How does it affect you?

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Let's take a look.

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Everyone currently serving as of December 31, 2017

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will be grandfathered under their current retirement plans.

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No one will be automatically switched to the BRS.

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Everyone who enters the military on or after

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January 1, 2018 will be automatically

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enrolled in the new BRS, but some of us

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who are currently serving will have a choice.

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As of December 31, 2017, if you are active duty

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and have served fewer than 12 years

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or are a member of the National Guard or Reserve

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with fewer than 4,320 retirement points,

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you'll have a choice to enroll in the BRS

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or remain covered by your current plan.

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Now, let's take a closer look at how opting in will work.

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If you're serving in the military as of December 31, 2017

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and have fewer than 12 years of service

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or for National Guard and Reserve members

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if you have fewer than 4,320 points,

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you'll take mandatory BRS Opt-In Training in 2017.

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In 2018, you can then choose between enrolling

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in BRS or staying with your current system.

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The BRS may not be right for everyone,

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but based on your circumstances and your career goals,

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it may make sense to switch.

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There are numerous resources available to you.

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Online training, the BRS resource webpage at

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militarypay.defense.gov/BlendedRetirement,

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the BRS comparison calculator,

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your Installations Personal Financial Managers

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and Counselors and Military One Source.

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Legacy versus Blended Retirement.

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Which retirement system is right for you?