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Tony

‘Blended’ military retirement plan not as popular as projected

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Tony

With passage of the new Blended Retirement System (BRS) in 2016, the Defense Department’s Office of Actuary, assisted by computer modeling from the think tank RAND Corp., made some assumptions critical to planning future military retirement cost obligations.

More than 862,000 active-duty members and 202,000 drilling Reserve and National Guard personnel, actuaries forecast, would opt to leave their High-3 retirement plan for the BRS during a yearlong “open season” that ended Dec. 31.

Turns out those projections were far too high. https://www.stripes.com/blended-military-retirement-plan-not-as-popular-as-projected-1.563026

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