On 1 January 2018, everyone entering the military will be part of the new “Blended Retirement System” (BRS), which includes a 401(k)-like defined contribution plan that vests at two years, provides a continuation bonus around 12 years of service, and then establishes a defined benefit pension at retirement after 20, or more, years.
Earlier this week, on March 20th, the Military Times published an insurance guide for people looking to know more about the upcoming changes to the military retirement system. In the article, "Insurance Guide 2017: How the new retirement system may change your insurance plans," AAFMAA COO Mike Meese summarized the changes, and some of the effects that the new system will have on the financial security of the military families who choose to enroll.
Well before dawn on Tuesday, March 21st, AAFMAA COO Mike Meese (USA, BG, Ret) took a few minutes to call into National Public Radio (NPR)'s "Morning Edition" program to discuss the current outlook for the Department of Veterans Affairs under its new Secretary, Dr. David Shulkin. Read more to see what Meese had to say to NPR host Quill Lawrence about the stage that Dr. Shulkin has set for continued VA reforms.