Blended Retirement System (BRS) OPT-IN Course (Pre-
Test) 2023 Complete
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.
20
A pension is _____.
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 _____.
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.
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.
Continuation Pay
The BRS calculator enables you to _____.
estimate your potential retirement savings and income
The following individuals can make the final BRS opt-in decision for you:
Only you can make this decision.
Money that is vested in a retirement account is _____.
the employee's to keep along with all interest earned and employer-matching
contributions
The addition of interest added to the principal in a retirement account over time is called
_____.
compounding
Service member decisions to opt into the Blended Retirement System (BRS) _____.
cannot be reversed at any time once made
Which of the following are advantages to Service members who participate in the
Blended Retirement System with respect to the Thrift Savings Plan?
Government-automatic [1%] contributions and Government-matching contributions up to
an additional 4% of basic pay
You have the opportunity to opt into the BRS because you are either an Active
Component (AC) member who will have completed fewer than _____ or a Reserve
Component (RC) member who will have fewer than _____ as of December 31, 2017.
12 YOS, 4,320 retirement points
Under the BRS, the basic components of your retirement plan are: (Select all that
apply):
~Eligibility for a Lump Sum payment option
~Monthly retired pay at 40% in return for at least 20 Years of Service
~Automatic 1% Government contribution to a Thrift Savings Plan account
Test) 2023 Complete
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.
20
A pension is _____.
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 _____.
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.
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.
Continuation Pay
The BRS calculator enables you to _____.
estimate your potential retirement savings and income
The following individuals can make the final BRS opt-in decision for you:
Only you can make this decision.
Money that is vested in a retirement account is _____.
the employee's to keep along with all interest earned and employer-matching
contributions
The addition of interest added to the principal in a retirement account over time is called
_____.
compounding
Service member decisions to opt into the Blended Retirement System (BRS) _____.
cannot be reversed at any time once made
Which of the following are advantages to Service members who participate in the
Blended Retirement System with respect to the Thrift Savings Plan?
Government-automatic [1%] contributions and Government-matching contributions up to
an additional 4% of basic pay
You have the opportunity to opt into the BRS because you are either an Active
Component (AC) member who will have completed fewer than _____ or a Reserve
Component (RC) member who will have fewer than _____ as of December 31, 2017.
12 YOS, 4,320 retirement points
Under the BRS, the basic components of your retirement plan are: (Select all that
apply):
~Eligibility for a Lump Sum payment option
~Monthly retired pay at 40% in return for at least 20 Years of Service
~Automatic 1% Government contribution to a Thrift Savings Plan account
