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Will new retirement system entice more service members to leave early? Officials are watching | Military Times
Staff Sgt. Alexandre Montes/Air Force

Will new retirement system entice more service members to leave early? Officials are watching | Military Times

Service personnel chiefs told lawmakers Friday they are watching how the new Blended Retirement System affects retention.

“I think it will be a significant indicator on retention in the out years,” Army Lt. Gen. Thomas Seamands, deputy chief of staff, G-1, told the House Armed Services Committee’s military personnel panel. “I think we’re going to have to fundamentally change how we address retaining talent.”

In today’s Army, if someone stays for 10 years, there’s a pretty high probability they’ll stay until the 20-year mark, he said. But “that dynamic could potentially change, but we won’t see that probably for the next seven to 10 years. So we need to be prepared. We’re thinking about it now, trying to get our heads around it.”

Rep. Don Bacon, R-Neb., said it’s his hunch that service members will get out at the 17-year mark under the new BRS, which comes with a retirement-fund matching plan and reduced pension, instead of the legacy system’s all-or-nothing retirement approach.

Source: Will new retirement system entice more service members to leave early? Officials are watching | Military Times