. 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

http://www.fedsmith.com/2017/02/04/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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