Retirement comparison calculator officially released
WASHINGTON (NNS) -- The Navy announced Tuesday in NAVADMIN 133/17, the official release of the DoD Blended Retirement System (BRS) Comparison Calculator on the Military Compensation BRS web page, and reminded Sailors to take the mandatory BRS Opt-In course on Navy eLearning.
The BRS Comparison Calculator is designed to assist eligible service members in comparing the legacy military retirement system and BRS and used in conjunction with the mandatory BRS Opt-In Course. It can be found at http://militarypay.defense.gov/Calculators/BRS/.
Another tool for Sailors to help select which retirement system works best for them is the Navy Financial Literacy app. It's designed to provide Sailors with access to both training and resources that are especially critical during the transition to BRS. The free app is available for download at the Google Play and iTunes app stores. To find the app, search "Navy Financial Literacy" in the app store or in your web browser.
The decision to stay in the current retirement system or opt into BRS is an important and irrevocable decision that eligible Sailors must make based on their own individual circumstances. The BRS Comparison Calculator and the mandatory Opt-In Training are tools designed to help opt-in eligible Sailors make this crucial decision.
Along with the BRS Opt-In training and Comparison Calculator, Sailors can seek financial information and counsel from their command financial specialists, or personal financial managers at Fleet and Family Support Centers. Military OneSource personal financial counselors are also available to assist on line at http://www.militaryonesource.mil/ or via telephone at 800-342-9647.
The mandatory opt-in training for those opt-in eligible members is available on Navy eLearning at https://www.aas.prod.nel.training.navy.mil/ELIAASv2p/ or Joint Knowledge Online (JKO) at https://jkodirect.jten.mil/html/COI.xhtml?course_prefix=J3O&course_numbe... (course #: J3O P-US1332).
Commands can also request no cost DVDs through the Defense Imagery Management Operations Center at http://www.dimoc.mil/customer/contact.html. In the order forms comments section include Course Title (J3OP-US1332 Blended Retirement System Opt-In (2hrs)), Pin Number 505679, quantity (provide justification if ordering over 50 copies), branch of service, and shipping address including name of person receiving the package.
For the most up-to-date information on BRS and links to training go to the Uniform Services Blended Retirement web page at http://militarypay.defense.gov/BlendedRetirement/.
NAVADMIN 133/17 can be read at www.npc.navy.mil.
For more news from Chief of Naval Personnel, visit www.navy.mil/local/cnp/.