The Blended Retirement System Opt-In training has launched and if you are eligible to join the BRS, now is the time to learn all about this retirement option!
The Opt-In Training is mandatory for all eligible active duty and reserve members and is designed to educate YOU. Coast Guard leadership is extremely interested in making sure you have knowledge of the new system and the financial literacy to assess your own unique situation to see if this system is for you.
Are you eligible? Take a look at ACN 013/17 to determine if you meet the criteria for opting in. Generally, active duty members who have 12 or fewer years of service as of Dec. 31, 2017, and reservists with 4,320 or fewer retirement points by Dec. 31, 2017, are eligible. However there are other populations mentioned in the ACN so check to see!
If you are eligible, the Opt-In training is mandatory and will be tracked by FORCECOM to ensure that you are receiving the information you need to make an informed decision for your financial future.
Whereas the training is mandatory for eligible servicemembers, the Coast Guard encourages spouses of eligible members to also take the training to make an informed decision.
The Opt-In training is available on the Joint Knowledge Online (JKO) portal on both CAC and non-CAC enabled computers and takes approximately 90 minutes to complete. For directions on how to take the course and log completion, see the job aid below created by FORCECOM (click to enlarge image).
This course will be available for through calendar year 2017 to provide members ample time to take it before they will need to make their decision to opt-in or stay in the current system in calendar year 2018.
Congress implemented the Blended Retirement System not as a money-saving move but rather, due to the fact that, historically, approximately 80 percent of service members leave their respective service without any retirement benefit.