WebSUBJECT: Blended Retirement System (BRS) Continuation Pay (CP) -Calendar Year 2024 (CY20) 1. References. a. Title 37, United States Code, Section 356. b. Department of Defense Financial Management Regulation (DoD FMR), Volume 5, Chapter 2. c. DoD FMR, Volume 7 A, Chapter 2. d. Deputy Secretary of Defense Memorandum, Subject …
Continuation Pay For Service Members An Official Air Force ... - AF
WebDec 4, 2024 · (according to your Pay Entry Base Date). 2. You must complete an active duty service commitment (ADSC) to serve an additional 48 months (concurrent with other service commitments). If you do not complete the obligation, you must repay all or part of your CP.* Monthly Basic Pay1 2.52 Gross CP Net CP4 What is Continuation Pay (CP)? WebThe latest technologies high quality electronic pubs and forms view U.S. Army Regulations and DA Forms. Skip to main content. An official website of the United States government. ... (BRS) CONTINUATION PAY (CP) IMPLEMENTATION GUIDANCE: Unit Of Issue(s) . Pub/Form IDN: 0: Pub/Form PIN: 204727: Pub/Form Proponent: G-1: Pub/Form Status ... showcase case
Blended Retirement System Continuation Pay: What is it?
WebThe 2016 National Defense Authorization Act created a new system called the Blended Retirement System (BRS) that changes the defined-benefit multiplier to 2.0 percent and adds two new components: a defined-contribution plan known as the Thrift Savings Plan and continuation pay (CP). WebMar 28, 2024 · Plan (TSP). The primary difference BRS and the legacy “High-3” system is that BRS adjusts the years of service multiplier from 2.5 percent to 2.0 percent for calculating monthly retired pay. In addition, the BRS includes automatic government contributions of 1 percent of basic pay and government matching contributions of up to an 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 … showcase castlegate