31 Dec '16, 8pm

New in 2017: Huge changes ahead for military retirement

The year ahead will prompt many of today’s 1.3 million active-duty service members to make a big decision about their retirement benefits: whether to preserve their place in the traditional military pension system or opt into a new "blended" benefits package. Troops can start doing their research this year, but those who are eligible to make a choice have a full year before they can opt in to the new plan. That window will last from Jan. 1, 2018, through Dec. 31, 2018. Everyone who joins the military on or after Jan. 1, 2018, will be automatically enrolled in the new plan. RELATED: The proposed 2017 military pay chart: Every rate, every rank In the months to come, the Defense Department will roll out an expansive education program to ensure all troops understand the difference between the two benefits and are prepared to make such a critical personal financial decision. Th...

Full article: http://www.militarytimes.com/articles/military-retirement...

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