Which retirement program can members with less than 12 years of service as of 31 December 2017 enroll in?

Members with less than 12 years of service as of December 31, 2017, are eligible to enroll in the Blended Retirement System (BRS). This system was designed to provide a modern approach to retirement benefits, combining elements of the traditional pension plan with a defined contribution plan, similar to 401(k) plans. The BRS offers service members a way to receive retirement benefits even after a shorter period of service compared to the previous retirement systems.

The BRS is specifically tailored to attract and retain a diverse group of service members, acknowledging that many may not serve for a full career. It empowers members by allowing them to take advantage of contributions to their Thrift Savings Plan (TSP) and receive a continuation pay bonus if they choose to stay in service beyond a certain point. Hence, for those with shorter service lengths, the BRS provides valuable retirement benefits that are accessible and financially advantageous.