Rustic American Flag Gunny's Job Board

Category Archives: Blended Retirement System

CNO, MCPON Answer Sailors’ Questions During Facebook Live

Chief of Naval Operations Adm. John Richardson and Master Chief Petty Officer of the Navy Russell Smith answered Sailors’ questions during a Facebook Live all-hands call on the Navy’s Facebook page Dec. 14 at the Pentagon. You can watch the full event above and highlights below.

 

WASHINGTON (Dec. 14, 2018) Public affairs personnel from the staffs of Adm. Richardson and MCPON Smith as well as the Navy’s digital media engagement team monitor questions during a Facebook Live all-hands call in the Pentagon. (U.S. Navy photo by Chief Mass Communication Specialist Elliott Fabrizio/Released)
WASHINGTON (Dec. 14, 2018) Public affairs personnel from the staffs of Adm. Richardson and MCPON Smith as well as the Navy’s digital media engagement team monitor questions during a Facebook Live all-hands call in the Pentagon. (U.S. Navy photo by Chief Mass Communication Specialist Elliott Fabrizio/Released)

 

Perhaps one of the most important things discussed was not being afraid to seek help with mental health. If you watch one thing online today, please make it MCPON’s Smith message in this video.

All Hands Call: Mental health

Perhaps one of the most important things that was discussed during Friday's all hands call was not being afraid to seek help with mental health. If you watch one thing online today, please make it MCPON's Smith message in this video.

Posted by U.S. Navy on Sunday, December 16, 2018

 

Sometimes, it doesn’t hurt to ask.
Thanks to a question, Adm. Richardson authorized on Friday gloves for wear with the fleece as an outer garment effectively immediately.

All Hands Call: Gloves with fleece

Sometimes, it doesn't hurt to ask during an all hands call.Thanks to a question, Chief of Naval Operations Adm. John Richardson authorized on Friday gloves for wear with the fleece as an outer garment effectively immediately.

Posted by U.S. Navy on Saturday, December 15, 2018

 

During the all hands call, MCPON Smith was asked about advancement opportunities and shared insight into the Detailing Marketplace as part of Sailor 2025 Rating Modernization.

All Hands Call: Advancement opportunities

During Friday's all hands call, MCPON Smith was asked about advancement opportunities and shared insight into the Detailing Marketplace as part of Sailor 2025 Rating Modernization.

Posted by U.S. Navy on Sunday, December 16, 2018

 

Smith also discussed how tailored compensation will allow for the opportunity for bundled orders, geographic stability and other compensation.

All Hands Call: Tailored compensation

During Friday's all hands call, MCPON Smith explained how tailored compensation will allow for the opportunity for bundled orders, geographic stability and other compensation.

Posted by U.S. Navy on Sunday, December 16, 2018

Below is the link that Smith referenced in his above video response.

 

We’ve made changes to boot camp to better prepare recruits for the fleet. MCPON Smith explained those more stressful and less predictable changes.

All Hands Call: Boot camp changes

We've made changes to #USNavy boot camp to better prepare recruits for the fleet. During Friday's all hands call, Master Chief Petty Officer of the Navy Russell Smith explained those more stressful and less predictable changes.

Posted by U.S. Navy on Sunday, December 16, 2018

 

The clock is ticking for eligible Sailors to decide whether to opt in to the U.S. Department of Defense (DoD)’s new Blended Retirement System. MCPON Smith offered some advice.

All Hands Call: Blended Retirement System

The clock is ticking for eligible Sailors to decide whether to opt in to the U.S. Department of Defense (DoD)'s new Blended Retirement System. Master Chief Petty Officer of the Navy Russell Smith offered some advice during Friday’s all hands call.

Posted by U.S. Navy on Sunday, December 16, 2018

 

During the all hands call, Adm. Richardson addressed the possibility of a government shutdown.

All Hands Call: Possibility of government shutdown

During Friday’s all hands call, Chief of Naval Operations Adm. John Richardson addressed the possibility of a government shutdown.

Posted by U.S. Navy on Saturday, December 15, 2018

 

Richardson also answered a question about whether future deployments could be similar to USS Harry S. Truman’s highly unpredictable deployment, which reflected Dynamic Force Employment.

All Hands Call: Dynamic Force Employment

In case you missed Friday's all hands call, we've got you covered.Listen as Chief of Naval Operations Adm. John Richardson answered a question about whether future deployments could be similar to USS Harry S. Truman's highly unpredictable deployment, which reflected Dynamic Force Employment.

Posted by U.S. Navy on Saturday, December 15, 2018

 

Thanks to everyone who participated! There were a lot of good questions – too many to answer! Be sure to follow Adm. Richardson and MCPON Smith on Facebook.

http://navylive.dodlive.mil/2018/12/16/cno-mcpon-answer-sailors-questions-during-facebook-live/ Jason Kelly

The Retirement Journey

The decision to stay in the current retirement system or opt-in to the Blended Retirement System, a modernized retirement system, is an important and irrevocable decision that eligible Sailors must make based on their own individual circumstances.

In fact, it’s probably the most important financial decision in their naval careers. So, it’s important for all Sailors – either as leaders today, or as leaders tomorrow – to understand the changes that will impact retirement in the future.

Even though eligible Sailors don’t have to make the decision to opt-in until January 1, 2018, they should take advantage of training and other resources – like the below videos released by the Department of Defense. See how the legacy ‘high-3’ and the new Blended Retirement System compare in the first four years of service, at mid-career and at retirement.

The retirement journey over the first four years.

Blended Retirement System — The First Four Years

How will the new #BlendedRetirement System impact YOU? Let’s take a #RetirementJourney over your first four years.

Posted by U.S. Department of Defense (DoD) on Monday, July 17, 2017

The journey continues mid-career.

BRS: Mid-Career

The #RetirementJourney continues. See what the road map looks like at your mid-career. #BlendedRetirement

Posted by U.S. Department of Defense (DoD) on Wednesday, July 19, 2017

What about military lifers? See how retirement systems compare.

BRS – Retirement Comparison

Are you a military lifer? See how retirement systems compare in this third part in a series of #RetirementJourney videos. #BlendedRetirement

Posted by U.S. Department of Defense (DoD) on Friday, July 21, 2017

 

Editor’s note: We’ll update this blog with additional videos as released.

http://navylive.dodlive.mil/2017/07/26/the-retirement-journey/ U.S. Navy

6 Things to Know about BRS

From Chief of Naval Personnel

Today, the Navy released NAVADMIN 259/16 which serves as the official notification of eligibility to opt-in to the Blended Retirement System (BRS) additionally, the Navy plans to send emails to all eligible Sailors notifying them of the retirement system choices they may have to make during 2018.

Here are six things Sailors should know about opting in to BRS.

  1. BRS new retirement option for some Sailors.

The Fiscal Year 2016 National Defense Authorization Act created a new military retirement system that blends the traditional legacy retirement pension with a defined contribution to service members’ Thrift Savings Plan account. Some Navy members may have the choice to stay with the legacy retirement system or opt into the BRS. No service member will be automatically moved to the BRS.

  1. Who can opt-in to BRS.

While Sailors with a Date of Initial Entry into Military Service (DIEMS) on or before Dec. 31, 2017 are automatically grandfathered under the current retirement system, some may be eligible to choose to opt-in to BRS depending on their length of services.

Active duty Sailors are opt-in eligible if their DIEMS is on or before Dec. 31, 2017 and they have less than 12 years of service as of Dec. 31, 2017, based on their Pay Entry Base Date (PEBD).

Reserve component members, including Full Time Support members, are opt-in eligible if their DIEMS is on or before Dec. 31 2017 and they have accumulated fewer than 4,320 retirement points as of Dec. 31, 2017.

United States Naval Academy, Reserve Officer Training Corps Midshipmen and Delayed Entry Program members are opt-in eligible if their DIEMS is on or before Dec. 31,  2017.

WASHINGTON (Sept. 27, 2016) The Blended Retirement Pocket Card arms leaders with information to help answer Sailors questions on the new Blended Retirement System. (Department of Defense Graphic/Released)
WASHINGTON (Sept. 27, 2016) The Blended Retirement Pocket Card arms leaders with information to help answer Sailors questions on the new Blended Retirement System. (Department of Defense Graphic/Released)
  1. Opt-in enrollment window.

The enrollment window for Sailors to opt-in to BRS is Jan. 1, 2018 through Dec. 31, 2018. Opt-in eligible Sailors must be in a paid status at the time of enrollment.  If Sailors meet the opt-in requirements but are not in a paid status during the election window, they will be given an opportunity to enroll during their first period of paid status. Hardship extensions to the enrollment window for opt-in eligible members who are unable to enroll in BRS during the 2018 enrollment period will be considered on a case by case basis.

  1. Notification of BRS opt-in eligibility.

Eligible Sailors will receive notification of opt-in eligibility via email at their email address in the Navy Standard Integrated Personnel System (NSIPS). Additionally, commands should notify all opt-in eligible members within their command. Command administration departments should contact their personnel support divisions on a regular basis to access a list of all opt-in eligible members within their command.

GROTON, Conn. (May 13, 2016) Capt. Bruce Derenski is piped ashore for the last time during his retirement ceremony aboard the historic ship Nautilus at the Submarine Force Museum and Library in Groton, Conn. (U.S. Navy Photo by Chief Mass Communication Specialist Steve Owsley/Released)
GROTON, Conn. (May 13, 2016) Capt. Bruce Derenski is piped ashore for the last time during his retirement ceremony aboard the historic ship Nautilus at the Submarine Force Museum and Library in Groton, Conn. (U.S. Navy Photo by Chief Mass Communication Specialist Steve Owsley/Released)
  1. Making the opt-in decision.

The decision to stay in the current retirement system or opt-in to BRS is an important and irrevocable decision that eligible Sailors must make based on their individual circumstances. That is why all Navy commands must ensure that opt-in eligible members complete the Blended Retirement System Opt-In Course. This course will be available in January 2017 on Joint Knowledge Online (JKO) and Navy E-learning. Though this course will be accessible by all service members, it is mandatory for opt-in eligible service members.

  1. Required training for Navy leaders and Sailors not eligible to opt-in to BRS.

In an effort to facilitate a smooth transition to BRS, Navy members not eligible to opt-in are required to complete the BRS Leader’s Training course that is now available on JKO at http://jko.jten.mil/ (course #: J3OP-US1330) and the Navy E-learning website at https://www.nel.navy.mil (course #: JKDDC-BRS-LTI-1.0).

For the most up-to-date information on BRS and links to training go to the Uniform Services Blended Retirement web page at http://militarypay.defense.gov/BlendedRetirement/

For complete information on BRS opt-in requirements and notification read NAVADMIN 259/16 at www.npc.navy.mil .

http://navylive.dodlive.mil/2016/11/28/6-things-to-know-about-brs/ U.S. Navy

6 Things to Know about BRS

From Chief of Naval Personnel

Today, the Navy released NAVADMIN 259/16 which serves as the official notification of eligibility to opt-in to the Blended Retirement System (BRS) additionally, the Navy plans to send emails to all eligible Sailors notifying them of the retirement system choices they may have to make during 2018.

Here are six things Sailors should know about opting in to BRS.

  1. BRS new retirement option for some Sailors.

The Fiscal Year 2016 National Defense Authorization Act created a new military retirement system that blends the traditional legacy retirement pension with a defined contribution to service members’ Thrift Savings Plan account. Some Navy members may have the choice to stay with the legacy retirement system or opt into the BRS. No service member will be automatically moved to the BRS.

  1. Who can opt-in to BRS.

While Sailors with a Date of Initial Entry into Military Service (DIEMS) on or before Dec. 31, 2017 are automatically grandfathered under the current retirement system, some may be eligible to choose to opt-in to BRS depending on their length of services.

Active duty Sailors are opt-in eligible if their DIEMS is on or before Dec. 31, 2017 and they have less than 12 years of service as of Dec. 31, 2017, based on their Pay Entry Base Date (PEBD).

Reserve component members, including Full Time Support members, are opt-in eligible if their DIEMS is on or before Dec. 31 2017 and they have accumulated fewer than 4,320 retirement points as of Dec. 31, 2017.

United States Naval Academy, Reserve Officer Training Corps Midshipmen and Delayed Entry Program members are opt-in eligible if their DIEMS is on or before Dec. 31,  2017.

WASHINGTON (Sept. 27, 2016) The Blended Retirement Pocket Card arms leaders with information to help answer Sailors questions on the new Blended Retirement System. (Department of Defense Graphic/Released)
WASHINGTON (Sept. 27, 2016) The Blended Retirement Pocket Card arms leaders with information to help answer Sailors questions on the new Blended Retirement System. (Department of Defense Graphic/Released)
  1. Opt-in enrollment window.

The enrollment window for Sailors to opt-in to BRS is Jan. 1, 2018 through Dec. 31, 2018. Opt-in eligible Sailors must be in a paid status at the time of enrollment.  If Sailors meet the opt-in requirements but are not in a paid status during the election window, they will be given an opportunity to enroll during their first period of paid status. Hardship extensions to the enrollment window for opt-in eligible members who are unable to enroll in BRS during the 2018 enrollment period will be considered on a case by case basis.

  1. Notification of BRS opt-in eligibility.

Eligible Sailors will receive notification of opt-in eligibility via email at their email address in the Navy Standard Integrated Personnel System (NSIPS). Additionally, commands should notify all opt-in eligible members within their command. Command administration departments should contact their personnel support divisions on a regular basis to access a list of all opt-in eligible members within their command.

GROTON, Conn. (May 13, 2016) Capt. Bruce Derenski is piped ashore for the last time during his retirement ceremony aboard the historic ship Nautilus at the Submarine Force Museum and Library in Groton, Conn. (U.S. Navy Photo by Chief Mass Communication Specialist Steve Owsley/Released)
GROTON, Conn. (May 13, 2016) Capt. Bruce Derenski is piped ashore for the last time during his retirement ceremony aboard the historic ship Nautilus at the Submarine Force Museum and Library in Groton, Conn. (U.S. Navy Photo by Chief Mass Communication Specialist Steve Owsley/Released)
  1. Making the opt-in decision.

The decision to stay in the current retirement system or opt-in to BRS is an important and irrevocable decision that eligible Sailors must make based on their individual circumstances. That is why all Navy commands must ensure that opt-in eligible members complete the Blended Retirement System Opt-In Course. This course will be available in January 2017 on Joint Knowledge Online (JKO) and Navy E-learning. Though this course will be accessible by all service members, it is mandatory for opt-in eligible service members.

  1. Required training for Navy leaders and Sailors not eligible to opt-in to BRS.

In an effort to facilitate a smooth transition to BRS, Navy members not eligible to opt-in are required to complete the BRS Leader’s Training course that is now available on JKO at http://jko.jten.mil/ (course #: J3OP-US1330) and the Navy E-learning website at https://www.nel.navy.mil (course #: JKDDC-BRS-LTI-1.0).

For the most up-to-date information on BRS and links to training go to the Uniform Services Blended Retirement web page at http://militarypay.defense.gov/BlendedRetirement/

For complete information on BRS opt-in requirements and notification read NAVADMIN 259/16 at www.npc.navy.mil .

http://navylive.dodlive.mil/2016/11/28/6-things-to-know-about-brs/ U.S. Navy