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Tony

Deadline for Retirement System Training Fast Approaching

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Tony

WASHINGTON (NNS) -- Sailors eligible to opt-in to the new Blended Retirement System (BRS) will receive a letter from the Navy to complete their mandatory training by Dec. 31, if they have not yet done so. 

BRS training is mandatory and provides Sailors with information that compares the benefits of the current retirement system and of BRS. Once the decision to enroll in BRS is made, it is irrevocable. 

Commands must ensure all of their Sailors have completed the required training and documented the training through Fleet Management and Planning System (FLTMPS). Training is available on Navy eLearning at www.nel.navy.mil and Joint Knowledge Online at https://jkodirect.jten.mil/ or may be conducted face-to-face using the OSD syllabus. 

Navy is also sending letters to all active and Reserve Sailors eligible to opt-in notifying them that they may enroll in BRS starting Jan. 1, through their Defense Finance and Accounting Service myPay account. 

Sailors are opt-in eligible if they are an active component member and will have fewer than 12 years of service as of Dec. 31, or are a Reserve component member, to include Full Time Support personnel, and will have fewer than 4,320 points as of Dec. 31.

There is no automatic enrollment into BRS for opt-in eligible sailors. Sailors will remain under the current retirement plan unless they choose to enroll in BRS. 

New Sailors who first join the Navy on or after Jan. 1, will be automatically enrolled in BRS.

Sailors who have questions about eligibility for BRS should talk with their Command Career Counselor or Command Financial Specialist.

More information on BRS can be found on the Navy BRS webpage at www.public.navy.mil/bupers-npc/support/21st_Century_Sailor/readiness/Pages/Personal-Financial-Management.aspx . 
 

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