How does the BRS differ from the LRS?
Provided by Greg Ferguson
The U.S. military has made a major change to its retirement program. Many active duty, Reserve, and National Guard members are eligible to choose between two retirement savings and pension options: the new Blended Retirement System (BRS) and its predecessor, now termed the Legacy Retirement System (LRS). Service members who have spent fewer than 12 calendar years in uniform have until December 31, 2018 to make their decision.1,2