what’s new for you? - united states navy time support (fts) personnel, and will have fewer than...

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What’s Changing? New Blended Retirement System

A new Blended Retirement System (BRS) goes into effect January 1, 2018. New accessions, on or after January 1, 2018, will automatically be enrolled in the new BRS. Everyone currently serving in the Uniformed Services as of December 31, 2017 will be grandfathered under their current retirement system. Active Component Service Mem-bers with less than 12 years of service and Reserve Component Service Members with less than 4,320 retirement points as of December 31, 2017 will have the choice to stay with the legacy retirement system or opt into the new BRS. New NSIPS BRS Member Self-Service Capability The Navy Standard Integrated Personnel System (NSIPS) is being expanded to provide IT capability for Service Members to complete many of the required BRS lifecycle events shown in the below BRS process flow diagram. Processes designated green will be performed in NSIPS. Highlights of each event are provided in this WNFY for general awareness. Job Performance Aids (JPAs) providing step by step instructions for completing NSIPS BRS self-service actions are available in NSIPS for training and help. (See Page 3 for access instructions.)

What’s New for You? NSIPS—Blended Retirement System

Service Member Self-Service Capability WNFY NSIPS BRS Service Member — Issue 1 December 2017

Produced by the Sea Warrior Program (PMW 240) Enterprise Change Management (ECM) Team

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Produced by the Sea Warrior Program (PMW 240) Enterprise Change Management (ECM) Team December 2017

NSIPS BRS Member Self-Service Capability The following Member Self-Service actions will be performed in NSIPS throughout a Service Member’s career:

View Blended Retirement Status View/Print BRS Eligibility Notification Letter Retrieve, Review, and Complete the Budget/Financial Plan Acknowledgement View/Print Continuation Pay Notification Letter Retrieve, Review, and Complete Continuation Pay Election

Availability NSIPS is currently sending BRS Opt-In eligibility email notifications to Service Members meeting the Opt-In criteria (Active Duty Service Members with less than 12 years of Service or Reserve Service Members with less than 4,320 retirement points as of December 31, 2017).

NSIPS BRS system functionality will be deployed with NSIPS 1.4.11.1 Release on December 7, 2107. Service Members may begin accessing the BRS module and view their BRS eligibility status on December 8, 2017.

Opt-In eligible Service Members may elect BRS in DFAS myPay beginning January 1, 2018 through December 31, 2018. After electing BRS in myPay, Service Members should verify their BRS election status in NSIPS to ensure enrollment is complete. Service Members will have access to the remaining NSIPS Member Self-Service capabilities described in the follow-ing pages once enrolled in BRS.

Access

To access BRS Member Self-Service capabilities: Login to NSIPS https://nsipsprod.nmci.navy.mil/ nsipsclo/jsp/index.jsp. Select Employee Self-Service link under the NSIPS Main menu. Select Blended Retirement System link under the Retirement and Separations folder.

NOTE: Service Members must have a valid email address in NSIPS to receive BRS Opt-In eligibility notification. If you are not receiving NSIPS emails, and believe you meet the Opt-In eligible criteria, contact your Command Career Counselor or Command Pay and Personnel Administrator.

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Training Detailed step-by-step instructions for completing BRS self-service actions in NSIPS may be accessed via the BRS Job Performance Aid (JPA) link under the Training Section located on the NSIPS homepage.

Help NSIPS Help Desk Toll Free: 877-589-5991. Comm: 504-697-5442. DSN: 312-647-5442. Email: [email protected].

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BRS Service Member Lifecycle Events

Step 1 - Receive BRS eligibility notification

1. Ensure email address is updated in NSIPS

2. Receive NSIPS emailNote: The BRS Eligibility Email is scheduled to transmit on the 2nd and 12th of every month that a service member is eligible but has not yet elected into BRS.

3. Obtain additional BRS information on Navy Blended Retirement System Webpage at: http://www.public.navy.mil/bupers-npc/support/21st_Century_Sailor/readiness/Pages/Personal-Financial-Management.aspx

"This email is to inform you that on January 1, 2018, the Department of Defense will introduce a new military retirement system known as the "Blended Retirement System". Please take action as necessary."

Step 2 - Verify BRS eligibility

Verify BRS Status and Opt-In Eligibility in NSIPS (Blended Retirement Opt-in Tab)

View/Print BRS Eligibility Notification Letter From: [email protected]: Blended Retirement System Member OptionsDate: Tuesday, October 31, 2017 15:44:49

On January 1, 2018, the Department of Defense will introduce a new military retirement system known as the Blended Retirement System. Our records indicate you will have the opportunity to enroll in the Blended Retirement System in 2018 because you meet one of the following two criteria, 1) You are an active component member and will have fewer than 12 years of service as of December 31, 2017, or 2) You are a reserve component member, to include Full Time Support (FTS) personnel, and will have fewer than 4,320 points as of December 31, 2017. This new plan represents a significant change from the current military retirement. Under the Blended Retirement System, service members will be eligible to receive government contributions to their Thrift Savings Plans in exchange for a reduced pension upon retirement. While you will have a choice to make in 2018, it is important to note that you will remain covered under your current retirement plan unless you choose to enroll in the Blended Retirement System. You will NOT BE AUTOMATICALLY enrolled to the Blended Retirement System. The first opportunity to elect to enroll in the Blended Retirement System will be on January 1, 2018. You will have the entirety of 2018 to make your election. If you decide to enroll in the Blended Retirement System, that election is IRREVOCABLE. Online training is mandatory and will better inform you of the benefits under your current retirement system compared to the benefits of the Blended Retirement System. This course, the Blended Retirement System Opt-In Course, is available on Navy eLearning at https://www.nel.navy.mil and Joint Knowledge Online at https://jkodirect.jten.mil/.The Blended Retirement System will not be right for everyone, so it is important to consider the specifics of your individual situation in making this election. The Opt-In Course will assist you with understanding the factors you should consider.In addition to the financial considerations involved in opting in, there are some policy considerations that should be factored into your opt-in decision. If you will reach 12 years of service (YOS) based on your Pay Entry Base Date (PEBD) in calendar year 2018 (CY18) and you are interested in receiving continuation pay (CP), you must opt-in to the Blended Retirement System and elect to take CP prior to reaching 12 YOS. If you will reach 12 YOS within the first 90 days of CY18 after opting into the Blended Retirement System you may be required to manually elect CP due to systems processing lag. Finally, if you are a reservist who will be eligible to retire with pay in CY18, and wish to enroll in the BRS with the lump sum retirement payment option, you must opt-in to the Blended Retirement System and then elect the lump sum payment option at least 90 days prior to reaching your eligible retirement age. If you do not elect the lump sum option prior to the 90 day requirement, you will be limited to the full pay option under the Blended Retirement System. For more information, please visit the Navy Blended Retirement System Webpage at:

http://www.public.navy.mil/bupers-npc/support/21st_Century_Sailor/readiness/Pages/Personal-Financial-

Management.aspx.

If you have questions about your eligibility for the Blended Retirement System, please consult your Command Career

Counselor or Command Financial Specialist.

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Auto EnrolledOpt-In EnrolledOn HoldOpt-In EligibleNot EligibleOpt-In PendingErroneously EnrolledOpt-In Period Expired

Not EligibleEligible

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December 2017 Produced by the Sea Warrior Program (PMW 240) Enterprise Change Management (ECM) Team

Step 3 - Complete BRS training

1. Complete BRS Opt-in Course via Navy eLearning or Joint Knowledge Online (JKO) Navy eLearning - https://www.aas.prod.nel.training.navy.mil/ELIAASv2p/

(Course Number: JKDDC-BRS-OPTIN-1) JKO-http://jko.jten.mil/ (Course Number: J3OP-US1332)

2. Complete Budget/Financial Plan and determine if BRS is in your best interest Meet with Financial Planner Access BRS Comparison Calculator

http://militarypay.defense.gov/Calculators/BRS/

NOTE: A financial planning worksheet is available via the Commander, Navy Installations Command (CNIC) personal planning finances Web page at: http://gowifilive.com/uploads/Navy%20eFPW%202017%20(30Dec2016).xlsm

Step 4 - Elect BRS

1. Make election in myPay https://mypay.dfas.mil/mypay.aspx

NOTE: BRS Opt-In training must be completed prior to opting into BRS in myPay. NOTE: The decision to Opt-In to BRS is irrevocable (cannot Opt-Out of BRS once enrolled).

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December 2017 Produced by the Sea Warrior Program (PMW 240) Enterprise Change Management (ECM) Team

Step 5 - Verify BRS election & enrollment

Verify Opt-In Election status in NSIPS (Blended Retirement Opt-in Tab)

Verify BRS Enrollment statusNote: After electing BRS in myPay, it is possible a Service Member may initially see their BRS Enrollment status in NSIPS updated to “Enrolled” while still indicating an Opt-In Election status as “Not Elected.” This is due to separate DoD systems updating NSIPS at different times. The updates should be correctly aligned (Opt-In “Elected” and BRS “Enrolled”) within 30 days of BRS election in myPay.

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Not ElectedElected

Not EnrolledEnrolled

Step 6 - Begin Thrift Savings contributions

1. Service Members in BRS will automatically receive 1% base pay in TSP For Opt-in members this will begin the next pay period after Opt-In For New Accessions on or after January 1, 2018 this will begin 60 days after entering

into service 2. Service Members will be eligible for matching funds up to 4% base after completing 2 years

of serviceNote: You can start, change, or stop your personal TSP contribution at any time throughout the year.

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Step 7 - Receive Financial Literacy Training (FLT) notification at Career Touchpoints


2. Receive notification of required financial literacy training in NSIPS email

" Per the Financial Literacy Requirements in the National Defense Authorization Act 2016, this notification is sent to inform you that based on a current life event:

a. Change of Duty Stationb. Deployment/Mobilizationc. First Duty Station/Initial Drilld. Major Life Events (marriage, divorce, birth of first child, disabling sickness or condition)e. Promotionf. Reenlistmentg. Retirement/Separationh. Vested at Completion of 2 Years of Service

You are required to complete the appropriate financial literacy training and review your budget/financial plan. Please consult your Command Financial Specialist or a Personal Financial Manager at the Fleet and Family Service Center at your earliest opportunity to obtain the required training."

NOTE: The Navy Financial Literacy mobile application includes a checklist of required financial literacy training topics for each touchpoint.

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Step 8 - Update Budget and Financial Plan at Career Touchpoints

Update Budget and Financial Plan at Career Touchpoints (offline activity not performed in NSIPS)

Acknowledge Budget and Financial Plan Reviewed (Budget Financial Plan Tab)

Select appropriate touchpoint in the Reviewed Based On dropdown menu

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Select reviewed based on optionSelect Yes/No

Date auto-populates when you select Yes

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Step 9 - Receive Continuation Pay eligibility notification


2. Receive Continuation Pay eligibility letter in NSIPS email

Subject: “Continuation Pay Eligibility”Content: “This email is to inform you that you have been identified as eligible to receive Continuation Pay. Please take action as necessary.”

Note: The CP Eligibility Email is sent at the following times:When a member is enrolled in BRS, has not made a CP Election, and the current date is equal to the service member’s Pay Entry Base Date (PEBD) plus:• 11 years and 6 months• 11 years and 9 months• 11 years and 11 months

Step 10 - Elect Mid-career Continuation Pay

Verify Continuation Pay eligibility in NSIPS (Continuation Pay Tab) First day to elect is 11 years 6 months after PEBD Last day to elect is 11 years 11 months after PEBD

View/Print Continuation Pay Notification Letter

Indicate CP Election (YES or NO)

If elected, select payment option

Single Lump Sum Payment Two Annual Payments (50%) Four Annual Payments (25%)

Note: It is recommended that Service Members discuss potential amount of Continuation Pay with their Career Counselor or Financial Planner to determine if the base amount may increase depending on special skills held by that member.

Continuation Pay election obligates the Service Member to four additional years of service.

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Prepared by: PMW 240 Enterprise Change Management (ECM) Team.

Distribution Statement C: Distribution authorized to U.S. Government Agencies and their Contractors. Other requests for this document shall be referred to PMW 240 ECM: Ms. Kristie Thomas, PMW 240 ECM Manager, Email: [email protected]

Step 11 - Elect Retirement Payment option

1. Select retirement pay option by completing DD Form-2656 First day to elect is 1 year before approved retirement date Last day to elect is 90 days before approved retirement

date

Options Full Monthly Retirement Pay (default) Lump Sum Payment (50/50)* Lump Sum Payment (25/75)*

*Disbursement options for lump sum portion: Single Lump Sum Payment Two Annual Payments (50%) Four Annual Payments (25%)

what’s new for you? - united states navy time support (fts) personnel, and will have fewer than...

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