What is Blended retirement system?

The Blended Retirement System (BRS) is a military retirement plan introduced in 2018 that combines elements of traditional pension benefits with a defined contribution component. It offers service members a monthly annuity after 20 years of service, along with a Thrift Savings Plan (TSP) where both the government and the service member can contribute. This system aims to provide more flexibility and retirement savings options, especially for those who may not serve a full 20 years. It also includes automatic government contributions to the TSP, encouraging service members to save for retirement.