Blended Retirement System (BRS) Opt-In Course Post-Test

Your page rank:

Total word count: 512
Pages: 2

Calculate the Price

- -
275 words
Looking for Expert Opinion?
Let us have a look at your work and suggest how to improve it!
Get a Consultant

The Opt-In Election Period begins ____.

January 1, 2018

As of December 31, 2017, Reserve Component (RC) Service members with fewer than 4.320 retirement points will be ____.

Grandfathered into the legacy "High-3" retirement system and are eligible to opt into the BRS.

Which of the answers shows the correct retired pay formula for active duty Service members under the legacy "high-3" retirement system?

2.5% X YOS X average of the highest 36 mo. of basic pay

Opt-in eligible Service members who elect to remain in the legacy "High-3" retirement system are ____.

* Eligible to participate in the Thrift Savings Plan (TSP) * Not eligible to receive matching contributions from the Government for their TSP contributions.

Active Component (AC) Service members who do not choose to opt into the BRS by December 31, 2018 will be ____.

Choosing to remain in the legacy "High-3" retirement system

As of December 31, 2017, Active Component (AC) Service members with fewer than 12 complete Years of Service (YOS) will be ____.

Grandfathered into the legacy "High-3" retirement system and are eligible to opt into the BRS.

Which of the options listed pertain to the Blended Retirement System, but not the legacy "High-3" retirement system?

* Automatic Government TSP contribution of 1% of a Service member’s basic pay * Eligible for Government-matching TSP contributions of up to 4% of a Service member’s basic pay

The effective date for the BRS is ____.

January 1, 2018

On average, the largest portion of the cost of living during retirement goes to ____.


The primary sources of income in retirement include:

(all of the above) * Earned income *Personal savings and investments *Social Security retirement benefits *Employer-provided pensions

Vesting is defined as ____.

The right an employee has to keep the money, and interest earned on that money, their employer contributed to their retirement account.

____ allows you to not only make money on your contributions to your TSP account, along with any Government-automatic and matching contributions, but also on the money earned by those contributions.

Compound interest

Service members who elect to opt into the Blended Retirement System must serve ____ complete years in order to keep the Government-automatic (1 percent) contributions.

2 (years)

Service members may receive Continuation Pay ____, based on the needs of their Service, in return for their commitment to serve at least 3 more years.

Mid-career (8-12 YOS)

Which of the following is NOT a retirement benefit under the Blended Retirement System.

Monthly retired pay in return for at least 20 Years of Service

The Uniformed Services pension plans are based on ____.

The average of the highest 3 years of basic pay

A "working-age retiree" from the Uniformed Services is ____.

Someone who retires from the services, but continues to work after separating.

Which of the following financial counselors are authorized to make your retirement plan decision for you?


The BRS calculator enables Service members to ____.

Compare potential retirement savings and income for different retirement system options, projected career progression, and TSP contribution rates.

Service members who take 25% to 50% Lump Sum Option will receive ____ than they would have gotten if their retirement benefits were spread out over normal monthly payments.

Less in overall benefits

Share This

More flashcards like this

NCLEX 10000 Integumentary Disorders

When assessing a client with partial-thickness burns over 60% of the body, which finding should the nurse report immediately? a) ...

Read more


A client with amyotrophic lateral sclerosis (ALS) tells the nurse, "Sometimes I feel so frustrated. I can’t do anything without ...

Read more

NASM Flashcards

Which of the following is the process of getting oxygen from the environment to the tissues of the body? Diffusion ...

Read more

Unfinished tasks keep piling up?

Let us complete them for you. Quickly and professionally.

Check Price

Successful message