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All NAVY personnel are required to complete this training. Please see paragraph 6.
6. The first course, Leader Training to Introduce the Blended Retirement System, provides a general overview of BRS and is required training for all Navy members who are grandfathered into the current system and are not eligible to opt-in to BRS (12 or more YOS or 4,320 or more points).
Requiring members to take this course will ensure the entire Navy has a basic understanding of BRS. The course is now available on JKO at http://jko.jten.mil/ (course #:J3OP-US1330) and the Navy E-learning website at https://www.nel.navy.mil (course #: JKDDC-BRS-LTI-1.0).
Additionally, since this is an important financial decision that will affect a Service Members entire family, family members are encouraged to take the course via the Military One Source website at
http://www.militaryonesource.mil/.
6. The first course, Leader Training to Introduce the Blended Retirement System, provides a general overview of BRS and is required training for all Navy members who are grandfathered into the current system and are not eligible to opt-in to BRS (12 or more YOS or 4,320 or more points).
Requiring members to take this course will ensure the entire Navy has a basic understanding of BRS. The course is now available on JKO at http://jko.jten.mil/ (course #:J3OP-US1330) and the Navy E-learning website at https://www.nel.navy.mil (course #: JKDDC-BRS-LTI-1.0).
Additionally, since this is an important financial decision that will affect a Service Members entire family, family members are encouraged to take the course via the Military One Source website at
http://www.militaryonesource.mil/.
NAVADMIN%20217.doc
Posted from navy.mil
Sailors
Training
Retirement
TSP
Edited >1 y ago
Posted >1 y ago
Responses: 1
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This is an opportunity for leaders to be able to help their subordinates understand the new vamped retirement system that will be introduced on 1JAN2018. Those folks who are on the fence have a short year to determine if they will stay with the old system versus the new system (all of 2018). After that, all bets are off. So, if you are even considering leaving before 20 years, then the new retirement system might be of choice. Whereas, if you are staying until 20 years or more, then the old system is the one to stay with.
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Exactly. For anyone getting out before retirement, the new system offers a free 5% pay raise. For those retiring, the pension difference at 20 years is 10% favoring the traditional system. At 30 years the difference is 15%.
At the end of the day however, TSP is a pretty stellar program and our men and women would be foolish not to take advantage of it. The market has historically shown average returns of 8%. I'm close to maxing out my contributions already.
At the end of the day however, TSP is a pretty stellar program and our men and women would be foolish not to take advantage of it. The market has historically shown average returns of 8%. I'm close to maxing out my contributions already.
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