WebFor reserve members, it will be at least 0.5 times monthly base pay, based on active duty pay charts, and no more than six times monthly base pay. Check out the current continuation pay amounts. WebJun 10, 2024 · 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 retirement program. Throughout their career, Sailors who opt-in or were auto-enrolled in the Thrift Savings Plan receive a …
www.mynavyhr.navy.mil
WebThe objective of Continuation Pay is to offer a financial incentive to remain in the Army in exchange for committing to additional years of service. CY22 Continuation Pay … WebContinuation 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-career mark, payable between completion of eight years of service, but before completion of 12 years of service (calculated from a Service member's Pay Entry Base Date). methods for storing bitcoin
Blended Retirement System - The Official Army Benefits Website
WebTake the lump sum, don't put it towards your TSP for two reasons. 1, it counts against your yearly contribution limit ($22,500 for CY2024). 2, it can only go into your traditional TSP, and as an O-4 you should max out your Roth TSP each year. -fellow O-4 who also opted into BRS. More posts from r/MilitaryFinance 32K subscribers WebMay 10, 2024 · About 1,500 members of the Army Reserve and 983 members of the Army National Guard will be eligible for continuation pay this year, under the Blended Retirement System, or BRS. They’ll see ... WebCY23 EPS MOI . E4 Scoring Guide . ... Blended Retirement Continuation Pay (BRS-CP) Eligible Army National Guard Soldiers who have enrolled in the Blended Retirement System and are between 11 and 12 years of service, can recieve an incentive for agreeing to continue service for an additional 4 years. how to add mods on tlauncher