WebJanuary 25, 2024· BLENDED RETIREMENT SYSTEM (BRS) CONTINUATION PAY (CP) - CALENDAR YEAR 2024. The memorandum attached at the following link establishes eligibility, amounts, and additional service obligation for CP in CY21 as authorized in Title 37, United States Code, Section 356. WebMost service members under the BRS will be eligible for . continuation pay, but each service determines the timing and the amount. This pay is in exchange for a commitment …

Blended Retirement System - The Official Army Benefits Website

WebMay 10, 2024 · The BRS continuation pay increase implemented by the Reserve Component for 2024 “is used as an approach to help the Army Reserve meet overall retention goals and readiness objectives," said … WebContinuation Pay. Continuation pay is a direct cash payout, like a bonus, available to Service members enrolled in the Blended Retirement System (BRS). It is targeted at the … def of bridge

CALENDAR YEAR 2024 CONTINUATION PAY PROGRAM FOR …

WebAug 30, 2024 · The National Defense Authorization Act for Fiscal Year 2016, Public Law 114-92, signed into law November 25, 2015, authorized the uniformed services1 to change their traditional retirement plan from one that relied primarily on a cliff-vested defined benefit to one that blends a reduced defined benefit with enhanced Thrift Savings Plan (TSP) … WebSep 20, 2024 · to receive continuation pay, he or she would only have two months (e.g.: February 2024) to opt into BRS and agree to the additional obligated service in order to receive continuation pay. Otherwise he or she will be ineligible for continuation pay. Q4. How is continuation pay determined? A4. All service members are eligible for … WebDec 19, 2024 · BRS uses the retirement annuity formula that has been in place for years: the average of the service member's highest 36 months of basic pay times 2.5% of their years of service -- but the 2.5% is ... fema withdrawal