. Military-Civilian: Hot Jobs, Events, and Helpful Information for Veterans Seeking Civilian Careers: New Military Retirement System Has Big Changes

Tuesday, February 7, 2017

New Military Retirement System Has Big Changes


Significant changes are underway in the retirement system for military personnel.

The Fiscal Year 2016 Nation Defense Authorization Act authorized creation of a new retirement system. It is similar to the FERS system for federal employees.

The new military retirement plan has a smaller pension but has added a defined contribution to the Thrift Savings Plan (TSP) account. This new system will go into effect on January 1, 2018.

Please click here for more information http://www.fedsmith.com/2017/02/04/new-military-retirement-system-has-big-changes/
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