Blended Retirement System | BRS Pension, Matching Contributions, Continuation Pay #149

Nov 11, 2024

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Do you still get a pension under the BRS? YES! We can't believe this myth and misinformation is still spreading around the military.

Spencer and Jamie break down the three components of the military's Blended Retirement System (BRS) and address common misconceptions. They explain how the pension calculation works, discuss TSP matching benefits, and detail continuation pay options across different services. The hosts emphasize that servicemembers still receive a pension under BRS and highlight both the advantages and potential pitfalls of the system.

Questions discussed:

How is the pension calculated under BRS?
What are the three main components of BRS?
How does TSP matching work?
What are the continuation pay rates across different services?
Why did the DOD switch to BRS?
Should you take the lump sum option?
How can leaders help troops not miss continuation pay opportunities?
Is the BRS lump sum retirement option a good idea?

Resources mentioned:

militarypay.defense.gov/blendedretirement
Continuation Pay episode w/ Brandon Lovingier, The Enlisted Money Guy (Ep #128)
Military Money: Pay and Pension app (free) on Apple's app store
Nectarine's flat-rate financial advisors available for booking with 10% military discount using this link

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