Web, or BRS. Service members covered under the BRS may be eligible to receive a one-time, midcareer bonus payment in exchange for an agreement to perform additional obligated service. This one-time bonus payment is in addition to any other career field-specific incentives or retention bonuses. Continuation Pay Basics WebDec 3, 2024 · The military has announced the 2024 continuation pay amounts for Blended Retirement System (BRS) participants. Continuation pay is a cash payment for mid …
As of February 11, 2024 - U.S. Department of Defense
WebJan 9, 2024 · Features of the BRS include a , consisting of government automatic and matching contributions, to a service member’s Thrift Savings Plan (TSP), (also known as a pension or monthly retired pay for life), after at least 20 years of service, a mid-career bonus called continuation pay and a new lump sum option at retirement. BRS WebSummary. 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 mid … joyce mccreight maine
The Blended Retirement System Explained
Webreference 1b. The BRS CP provision is a one-time, mid-career bonus in exchange for an agreement to perform Additional Obligated Service (AOS). The CP is in addition to any other career field-specific pay, incentives, or retention bonuses. 3. Eligibility. a. Soldiers must meet the eligibility requirements in reference 1c and 1d. To qualify, WebNov 27, 2024 · Features of the BRS include a defined contribution, consisting of government automatic and matching contributions, to a service member’s Thrift Savings Plan (TSP), a defined benefit (also known as a pension or monthly retired pay for life), after at least 20 years of service, a mid-career bonus called continuation pay WebJun 10, 2024 · WASHINGTON. All Sailors enrolled in the Blended Retirement System qualify for incentive pay at the 12-year “mid-career” point. The Navy released the calendar year 2024 Blended Retirement System (BRS) continuation pay (CP) rates for eligible Sailors June 3rd in NAVADMIN 114/21. Under BRS, Sailors participate in a modernized … how to make a flameless candle