BLENDED RETIREMENT SYSTEM (BRS) OPT-IN COURSE (PRE-TEST) QUESTIONS WITH CORRECT ANSWERS

The Blended Retirement System (BRS) and the legacy "High-3" retirement system both require _____ Years of Service (YOS) in order to qualify for monthly retired pay. CORRECT ANSWER 20 A pension is _____. CORRECT ANSWER a retirement system in which an employee continues receiving regular income after he/she retires Before making a final decision on a Uniformed Services retirement plan, Service members need to consider _____. CORRECT ANSWER all of the above The legacy "High-3" retirement system for the Uniformed Services requires Service members to serve _____ years of active duty, or qualifying Years of Service for the Reserve Component, in order to qualify to receive the defined-benefit retired pay. CORRECT ANSWER 20 _____, is an incentive designed to encourage members to continue serving at critical points in their career and may be provided to you mid-career for your commitment to at least 3 additional years of service. CORRECT ANSWER Continuation Pay The BRS calculator enables you to _____. CORRECT ANSWER estimate your potential retirement savings and income The following individuals can make the final BRS opt-in decision for you: CORRECT ANSWER Only you can make this decision. Money that is vested in a retirement account is _____.