Military Retirement Update: Welcome to the TSP!

Marine Corps Sgt. Maj. Bryan B. Battaglia delivers a hand salute during his retirement and change of responsibility ceremony on Joint Base Myer-Henderson Hall, Va., Dec. 11, 2015. Marine Corps Sgt. Maj. Bryan B. Battaglia delivers a hand salute during his retirement and change of responsibility ceremony on Joint Base Myer-Henderson Hall, Va., Dec. 11, 2015. Petty Officer 2nd Class Dominique A. Pineiro

Last year, Congress enacted a major overhaul of the military’s retirement system. The new approach moves away from the 20-year, all-or-nothing pension arrangement that has characterized military retirement. In its place comes a more balanced approach in which new service members begin saving for their own retirement in the Thrift Savings Plan -- and receive matching contributions -- upon entering the military.

Now the process of implementing the new system and educating service members about it is under way. Read all about it in our downloadable special report: Military Retirement Update.

Click here to download the report

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