ISS3 2017

Reservist Magazine is the award-winning official publication of the United States Coast Guard Reserve. Quarterly issues include news and feature articles about the men and women who comprise America's premier national maritime safety and security

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Page 47 of 55

Senior Chief Going Ashore Senior Chief Petty Officer Robert Mayer, a reservist stationed at Station Atlantic City, N. J., went ashore after 27 years of combined military service in the Coast Guard and the Army. Photo by Petty Officer 1st Class Wayne Chandler. Do the Math: Pentagon Unveils Official BRS Calculator The Blended Retirement System (BRS) is the largest reform to the uniformed services retirement system in decades. Eligible personnel will be able to opt-in to the new system between Jan. 1 and Dec. 31, 2018, seeing benefits in the following pay period. These personnel include members who enter the military before 2018 who have served fewer than 12 years or service members in the Reserve who have fewer than 4,320 retirement points as of Dec. 31, 2017. Service members who join the military after Jan. 1 will automatically be enrolled in the BRS. In June, the Department of Defense (DoD) released the official BRS comparison calculator. While service members are encouraged to use any tool that will help make them make a retirement plan decision, the DoD comparison tool is the official calculator, as many other calculators may have not received adequate vetting. The BRS comparison calculator assists service members in comparing the current retirement system, often referred to as the "High-3," to the new system, BRS. The BRS calculator is based on the published military pay chart and will be updated no later than Dec. 31 each year to reflect the exact pay chart. Prior to using the BRS calculator, service members should take the mandatory BRS opt-in course to familiarize themselves with the new system and know their exact pay entry base date to ensure accuracy when using the calculator. 46 RESERVIST � Issue 3 • 2017

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