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Old 06-18-2018, 04:33 PM
 
Location: New Mexico U.S.A.
23,550 posts, read 37,561,046 times
Reputation: 27482

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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
Status: "Work was definately overrated" (set 1 day ago)
 
Location: Central Massachusetts
4,617 posts, read 4,275,492 times
Reputation: 5786
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
712 posts, read 418,697 times
Reputation: 1817
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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