About 93,000 Marines opted into the new Blended Retirement System by the Dec. 31, 2018 deadline. In January, the service published information regarding follow-on actions for all Marines following the election period. Marines who were unable to enroll before Jan. 1 "due to verifiable hardships" may qualify for an enrollment extension, according to the guidance. Those who opted into BRS must contribute 5 percent of their basic pay to their thrift savings plan accounts to receive full government matching funds. Commanders should advise Marines to verify their contribution percentages on DFAS MyPay accounts. Marines and their commanders will be notified via Marine Online messages about future financial education opportunities. Questions about BRS eligibility and enrollment may be sent to BRS@usmc.mil. Read more at Marines.mil.
See updated pay charts as well as more information on retirement pay, and download a free military pay app in Military.com's Military Pay section.