By Chief of Naval Personnel Public Affairs
WASHINGTON (NNS) — Tuesday, the Navy released NAVADMIN 020/17 announcing the release and availability of the Blended Retirement System (BRS) Opt-In course.
The decision to stay in the current retirement system or opt-in to BRS is an important and irrevocable decision that eligible Sailors must make based on their own individual circumstances. This course aims to help eligible service members make that decision.
All service members who are opt-in eligible must complete the Blended Retirement System training, now available on Joint Knowledge Online (JKO) at: http://jkodirect.jten.mil/html/COI.xhtml?course_prefix=J3O&course_number=P-US1332 (course #: J3O P-US1332). The training will be available soon on Navy e-Learning.
Active Component (AC) members are eligible to opt-in if they entered military service on or before Dec. 31, 2017, and have less than 12 years of service.
Reserve Component (RC) members, including Full Time Support (FTS) members, can opt-in if they entered military service on or before Dec. 31, 2017, and they have accumulated fewer than 4,320 retirement points as of Dec. 31, 2017.
United States Naval Academy and Reserve Officer Training Corps Midshipmen as well as Delayed Entry Program service members are opt-in eligible if they entered the military on or before Dec. 31, 2017.
Eligible Sailors should have received notification of their opt-in eligibility via email (sent to the email address registered to an individual’s Navy Standard Integrated Personnel System (NSIPS) account). Command administration departments must contact their personnel support divisions to access a list of all opt-in eligible members within their command and then notify all opt-in eligible members within their units.
In order to ensure opt-in eligible Sailors are making the most informed decision possible, a few additional tools have been developed for use. Additionally, an on-line calculator is expected to be released in March to aid eligible members in their decision making process.
The Navy has also developed the Navy Financial Literacy app that is designed to provide Sailors with access to both training and resources, which is especially critical during the transition to BRS. The free app is available for download now at the Google Play and iTunes app stores. To find the app, search “Navy Financial Literacy” in the app stores or in your web browser.
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/.
For complete information on BRS opt-in training requirements and availability see NAVADMIN 020/16 at http://www.npc.navy.mil.
For more news from Chief of Naval Personnel, visit www.navy.mil/local/cnp/.