WebApr 14, 2024 · Continuation Pay Summarized. As a part of the BRS, continuation pay was created as a direct cash payout to eligible members who have completed at least eight, but not more than 12 years of service – calculated from a servicemember’s Pay Entry Base Date (PEBD). The reason as to why it’s offered is easily explained through retention, “ as ... WebNov 16, 2024 · To announce the Blended Retirement System (BRS) Continuation Pay (CP) Program for Calendar Year (CY) 2024, and to provide supplemental guidance to enclosure 4 of reference (a). Only Marines ...
CALENDAR YEAR 2024 CONTINUATION PAY PROGRAM …
Web12. 8) The formula for retired pay under the BRS is _____ x years of service x the average of the highest 36 months of the Service member's basic pay. 2.0. 9) _____ is an example of a financial literacy touch point mandated by the National Defense Authorization Act (NDAA) that is unique to the BRS. TSP vesting (correct) 10) Effective January 1 ... WebContinuation Pay. Continuation pay is a direct cash payout, like a bonus, available to Service members enrolled in the Blended Retirement System (BRS). It is targeted at the mid-career mark, payable between completion of eight years of service, but before completion of 12 years of service (calculated from a Service member's Pay Entry Base … the games hub
The Blended Retirement System Continuation Pay
WebMay 10, 2024 · They’ll see continuation pay at the rate of 4.0 times their monthly pay (calculated as if on active duty.) Previously, it was a multiplier of 0.5 percent at the 12 … WebThis report presents findings on the effect of the Blended Retirement System (BRS) on active component military retention and reserve component participation. The BRS, created by the ... Continuation Pay Multipliers: Navy..... 28 5.1. Percentage of Enlisted Personnel Who Opt In to Blended Retirement System, by Years-of-Service Cohort ... WebContinuation pay is a direct cash payout, like a bonus, available to Service members enrolled in the Blended Retirement System (BRS). It is targeted at the mid-career mark, payable between completion of eight years of … the gameshow warehouse