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/
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