Opt-In to Blended Retirement System NAVADMIN

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Below is the Blended Retirement System (BRS) NAVADMIN that just came out.  If you are one of the people who can choose between the current system and the BRS, you can read what I think about it here.  Active duty are opt-in eligible if their Date of Initial Entry into Military Service (DIEMS) is on or before 31 December 2017 and they have less than 12 years of service as of 31 December 2017.  You can find your DIEMS on your LES on the right-hand side.  Here is an image of my LES where you can see my DIEMS is February 21, 1997:

diems

Because I have more than 12 years of service, I am not opt-in eligible and have to stay with the current system (thankfully).

Bottom line…stay with the current system if you are staying in for 20 years.

NAVADMIN Weblink

UNCLASSIFIED
ROUTINE
R 281546Z NOV 16
FM CNO WASHINGTON DC
TO NAVADMIN
INFO CNO WASHINGTON DC
BT
UNCLAS
PASS TO OFFICE CODES:
FM CNO WASHINGTON DC//N1//
INFO CNO WASHINGTON DC//N1//

NAVADMIN 259/16

MSGID/GENADMIN/CNO WASHINGTON DC/N1/NOV//

SUBJ/NOTIFICATION OF ELIGIBILITY TO OPT-IN TO THE BLENDED RETIREMENT SYSTEM//

REF/A/DOC/NDAA/13APR15//
REF/B/MSG/CNO WASHINGTON DC/271444ZSEP16//
REF/C/MSG/COMNAVPERSCOM MILLINGTON TN/151015ZAUG16//
NARR/REF A IS SECTIONS 631 THROUGH 635 OF NATIONAL DEFENSE AUTHORIZATION ACT,
SUBTITLE D – DISABILITY PAY, RETIRED PAY, AND SURVIVOR BENEFITS.
REF B IS NAVADMIN 217/16, ANNOUNCEMENT OF THE BLENDED RETIREMENT SYSTEM FOR
THE UNIFORMED SERVICES.
REF C IS A GENADMIN, PAY AND PERSONNEL INFORMATION BULLETIN 16-12.//

RMKS/1. This NAVADMIN is the official notification of eligibility to opt-in
to the Blended Retirement System (BRS) in accordance with references (a) and
(b).

2. Reference (a) states all Service members with a Date of Initial Entry
into Military Service (DIEMS) on or before 31 December 2017 are automatically
grandfathered under the current retirement system. However, some Service
members are eligible to opt-in to the BRS.
(a) Active component members are opt-in eligible if their DIEMS is on or
before 31 December 2017 and they have less than 12 years of service as of 31
December 2017, based on their Pay Entry Base Date.
(b) Reserve component members, to include Full-Time Support members, are
opt-in eligible if their DIEMS is on or before 31 December 2017 and they have
accumulated fewer than 4,320 retirement points as of 31 December 2017.
(c) United States Naval Academy, Reserve Officer Training Corps
Midshipmen and Delayed Entry Program members are opt-in eligible if their
DIEMS is on or before 31 December 2017.

3. The window for opt-in eligible members to enroll in BRS will be open from
1 January 2018 until 31 December 2018. Opt-in eligible Service Members must
be in a paid status at the time of enrollment. Service Members who meet the
criteria above but are not in a paid status during the election window, will
be given an opportunity to enroll during their first period of paid status.
Hardship extensions to the enrollment window for opt-in eligible Service
Members who are unable to enroll in BRS during the 2018 enrollment period
will be considered on a case by case basis in line with reference (a). If a
Service Member chooses to opt-in, their decision is irrevocable. Whether you
choose to opt-in or not, all Service Members who are opt-in eligible must
complete the Blended Retirement System Opt-In Course.

4. Commands must notify all opt-in eligible Service Members within their
command. Command administrative departments should also contact their
personnel support divisions on a regular basis to access a list of all opt-in
eligible Service Members within their command. Additionally, those opt-in
eligible Service members who have an up-to-date email address in Navy
Standard Integrated Personnel System in line with reference (c) will receive
notification of opt-in eligibility via e-mail.

5. All Navy commands must ensure that opt-in eligible Service Members
complete the Blended Retirement System Opt-In Course. This course will be
available in January 2017 on Joint Knowledge Online and Navy E-learning.
Although this course will be accessible by all Service Members, completion no
later than 31 December 2017 is mandatory for all opt-in eligible Service
Members. Additionally, command financial specialist can provide support for
unit-level basic financial literacy and BRS education. More robust financial
counseling services are available through personal financial managers at your
local Fleet and Family Support Center or online via a Military OneSource
personal financial counselor.

6. The importance of the decision to enroll in BRS or remain in the current
retirement system cannot be overstated. This decision is among the most
important financial decisions an opt-in eligible Service Member may make. I
am depending on an all-out leadership effort to ensure that the training is
completed and Service Members are making the most informed financial decision
possible.

7. This NAVADMIN remains in effect until superseded or cancelled, whichever
comes first.

8. Released by Vice Admiral R. P. Burke, N1.//

BT
#0001
NNNN
UNCLASSIFIED//

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