News

January 29, 2016
 

Blended Retirement

5

The Fiscal Year 2016 National Defense Authorization Act (NDAA) contains a new retirement system (“blended military retirement system”). This system combines a reduced defined benefit, like the current retirement system, with a defined contribution component (automatic plus matching contributions to a member’s Thrift Savings Plan account) and continuation pay. The blended retirement system uses a 2.0 percent rather than 2.5 percent multiplier in calculating military retired pay. Thus, a member who served 20 years would receive 40 percent of the average of the highest 36 months of basic pay, a Thrift Savings Plan account that contained government and optional member contributions, as well as continuation pay at the 12th year of service. Further details are available at afrc.af.mil, (see Headlines or search Blended Retirement Talking Points).




All of this week's top headlines to your email every Friday.


 
 

 

FYI: Blended Retirement System

The new Blended Retirement System is on its way, and with that comes some changes. In this episode of FYI, Tech. Sgt. Holly Roberts-Davis gives us some general comparisons to help us make an informed decision.
 
 

Around the Air Force: Nov. 8

On this look around the Air Force enlisted pilots take their first solo flight and a World War II bomber pilot is awarded the Silver Star.
 
 

Tech Report: Biofuels

In this episode of Tech Report, we learn the important role biofuels play in reducing dependence on crude oil.