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Old 06-18-2018, 04:33 PM
Location: New Mexico U.S.A.
24,132 posts, read 38,871,775 times
Reputation: 28099


Previous article: The Blended Retirement System Explained

23% of Enlisted Retirees Expected to Cash Out
Military.com Week of June 18, 2018

From: https://www.military.com/military-re...C=mr_180618.nl

The DoD has released a report that projects that 5.2 percent of retiring officers and 22.8 percent of retiring enlisted will be enticed into taking the lump sum of cash in exchange for deep cuts in their future retired pay. This controversial feature of the new Blended Retirement System (BRS) gives retirees the option to forfeit 25 or 50 percent of their earned retired pay until age 67 in exchange for a six-figure lump sum buy-out. Read more about this study and the impact it could have on future retiree's long term retirement benefits.

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Old 06-19-2018, 07:06 AM
Location: Central Massachusetts
4,677 posts, read 4,486,361 times
Reputation: 5944
After reading it through myself I hope that they are wrong about how many will cash out. I would counsel them to stay in until 20 or if they do cash out that they take the cash and invest it.
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Old 06-19-2018, 10:41 AM
Location: East Helena, MT
763 posts, read 478,609 times
Reputation: 2003
Well, I see a huge increase in the sales of full size pickups and sports cars in the future. What a shame.

The government shut down that business that used to offer a lump sum in exchange for so many years of a persons SSA or VA disability payments, said it was un-ethical. Now the government it's self is doing it.
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