HILL AIR FORCE BASE, Utah — Workshops are still available for Airmen who want to learn more about the new military Blended Retirement System (BRS) and Thrift Savings Plan (TSP).
Hill AFB’s Airman and Family Readiness Center sponsored town hall meetings in December and just this month started a series of BRS and TSP workshops open to service members and their families.
The National Defense Authorization Act for Fiscal Year 2016 created a new retirement system for the military. The system blends elements of the legacy retirement system with a more modern, 401(k)-style plan.
The new retirement system goes into effect Jan. 1, 2018.
All currently serving members will be grandfathered into the current military retirement system. Those with fewer than 12 years of service as of Dec. 31, 2017, or Air Force Reserve component members with fewer than 4,320 retirement points may choose to “opt in” to the BRS during the designated opt-in period from Jan. 1, 2018, through Dec. 31, 2018.
A decision doesn’t need to be made until that time; however, Air Force officials said all service members should research their options as resources become available.
Hill AFB workshops:
Jan. 26, noon
Feb. 2, 8 a.m.
Feb. 16, 8 a.m.
Feb. 9, 8 a.m.
Feb. 23, 8 a.m.
The workshops will be held at the Airman and Family Readiness Center (Bldg. 150) and include a light meal. Registration is required three duty days before each workshop by calling 801-777-4681.
In addition to the workshops, unit visits and one-on-one counseling are available. Call the Center or visit http://militarypay.defense.gov for more information.