The Blended Retirement System offers a matching contribution to the Thrift Savings Plan, a defined contribution retirement savings plan for federal employees. It also provides a portable retirement benefit for service members who may not stay in the military for a full 20 years. Overall, the Blended Retirement System can offer greater flexibility and potential for retirement savings compared to the traditional system.
Options that pertain to the Blended Retirement System but not the legacy High-3 retirement system include automatic government contributions to the Thrift Savings Plan (TSP), continuation pay for members at the mid-career point, and the ability to opt into the BRS within a certain time frame.
Matching contributions to TSP, continuation pay, and mid-career retirement bonus are features of the Blended Retirement System that are not part of the legacy High-3 retirement system.
Active Component (AC) Service members who do not choose to opt into the BRS by December 31, 2018 will be_____.
grandfathered into the legacy high-3 retirement system and are eligible to opt into the BRS
Not eligible for retirement at that time but may continue to accumulate points for a possible future retirement benefit.
Service member's decision to opt into the Blended Retirement System (BRS)
Service member's decision to opt into the Blended Retirement System (BRS)
Options that pertain to the Blended Retirement System but not the legacy High-3 retirement system include automatic government contributions to the Thrift Savings Plan (TSP), continuation pay for members at the mid-career point, and the ability to opt into the BRS within a certain time frame.
Matching contributions to TSP, continuation pay, and mid-career retirement bonus are features of the Blended Retirement System that are not part of the legacy High-3 retirement system.
2 yrs
Active Component (AC) Service members who do not choose to opt into the BRS by December 31, 2018 will be_____.
grandfathered into the legacy high-3 retirement system and are eligible to opt into the BRS
choosing to remain in the legacy high 3 retirement system
Not eligible for retirement at that time but may continue to accumulate points for a possible future retirement benefit.
Can an employee who has retired under a alternate Ohio State retirement plan and was re-hired into a position covered under OPERS opt out of participation in the OPERS retirement plan since the matching contribution do not accrue to the re-hired employee.
no
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