Nearly 1M Estimated to Opt In for ‘Blended’ Retirement

"...More than 740,000 currently serving active duty members and 176,000 drilling Reserve and National Guard personnel are expected to opt in to the new Blended Retirement System when the choice becomes available in 2018 to military members with fewer than 12 years’ service.

The opt-in estimates are the product of a “dynamic retention” computer model developed by RAND Corporation and used to predict how personnel will react to a new retirement choice. The BRS was designed by the Military Compensation and Retirement Modernization Commission and approved by Congress last year after lawmakers tweaked a few features.

The number of current members who will opt to leave their “High-3” retirement plan with its higher lifetime value for the near-term rewards and flexible features of the BRS is important Department of Defense Board of Actuaries..."

Read more at the Daily Republic