Details
September 11, 2018
7:45AM - 9:15AM
FPA Central Ohio presents Military Benefits:The New Blended Retirement System
presented by James Atkinson, CFP®,AIF®, MPAS
Fawcett Center,2400 Olentangy River Rd, Columbus, OH 43210
presented by
James Atkinson, CFP®,AIF®, MPAS
A new military retirement system that blends the traditional legacy retirement pension with a defined contribution to Service members’ Thrift Savings Plan account currently has open enrollment. The new Blended Retirement System went into effect on January 1, 2018. •All members serving as of December 31, 2017, are grandfathered under the legacy retirement system. No one currently-serving will be automatically switched to the Blended Retirement System. •Though they are grandfathered under the legacy retirement system, Active Component Service members with fewer than 12 years since their Pay Entry Base Date, and Reserve Component Service members who have accrued fewer than 4,320 retirement points as of December 31, 2017, will have the option to opt into the Blended Retirement System. The opt-in/election period for the Blended Retirement System begins January 1, 2018, and concludes on December 31, 2018.
