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UPDATED/VERIFIED AS OF JULY 27, 2023
OPNAVINST 1740.5D is the current version of the instruction.
As directed by Department of Defense Instruction (DoDI) 1322.34, ("Financial Readiness of Service Members"), and NAVADMIN 201/22, ("Fiscal Year 2023 General Military Requirements"), Sailors are provided financial readiness training at personal and professional touchpoints across the military lifecycle, beginning with recruit and officer accessions training and continuing throughout a Service member's career and transition to civilian life. The first touchpoint is "Initial Entry Training" whereby financial readiness training is provided at Boot Camp for enlisted Sailors and during the officer accessions training pipeline for officers. The other touchpoints are as follows:
Starting with the “First permanent duty station” touchpoint, Service members can complete the mandatory financial readiness touchpoint training via one of three delivery methods:
Sailors will receive a Navy Standard Integrated Personnel System (NSIPS) email notification upon reaching a financial readiness touchpoint, informing them of the requirement to complete the required training. It is important to ensure that an up-to-date email address is maintained in NSIPS.
Revised for 2022, the MyNavy Financial Literacy application provides Navy personnel with information to help them achieve their personal financial goals and meet the Navy’s financial literacy education requirements.
BRS combines a defined benefit, like the legacy (High-3) retirement plan, with a defined contribution component (automatic plus matching contributions to a member’s Thrift Savings Plan (TSP) account) and continuation pay. BRS uses a 2.0% multiplier (vice the 2.5% used in the legacy retirement system) in calculating retired pay. Thus, a member who served 20 years would receive 40% of the average of the highest 36 months of basic pay, a TSP account that contained government and optional member contributions, as well as continuation pay at the mid-career point. BRS Tools and Links are located on the right-hand side of this webpage.
BRS Opt-In eligible members are required to complete the BRS Opt-In course (available on Joint Knowledge Online (JKO)). BRS Opt-In issues should be sent to the MyNavy Career Center (MNCC) at: firstname.lastname@example.org
For BRS Opt-In Issues:
OPNAVINST 1740.5D U.S. Navy Personnel Financial Management Program (24Oct17)
DoDI 1322.34 Financial Readiness of Service Members (5Nov21)
DoDI 1342.22 DoD Military Family Readiness (5Aug21)
CY24 Continuation Pay Rates (18May23)
CY23 Continuation Pay Rates (19May22)
CY22 Continuation Pay Rates (3Jun21)
MPM 1810-080 Enrollment in the Blended Retirement System (15Nov18)
MPM 1810-081 Continuation Pay for Service Members Enrolled in the BRS (22Feb20)
MPM 1810-082 Lump-Sum Payment of the Retirement Annuity of the BRS (24Aug18)
NAVADMIN 270/23 Dependent Care Flexible Spending Account (DCFSA) for Military Personnel Fact Sheet (8Nov23) ***NEW***
NAVADMIN 236/23 FY2024 General Military Training Requirements Fact Sheet (5Oct23) ***NEW***
NAVADMIN 155/23 BNA Fact Sheet (10Jul23) ***NEW***
NAVADMIN 118/23 BRS CY 2024 Continuation Pay Rates (19May23)
NAVADMIN 289/22 Basic Needs Allowance (BNA)(22Dec22)
NAVADMIN 117/22 BRS CY 2023 Continuation Pay Rates (20May22)
NAVADMIN 114/21 BRS CY 2022 Continuation Pay Rates (3Jun21)
NAVADMIN 009/21 Family Readiness Update (14Jan21)
NAVADMIN 161/16 Financial Literacy Education Implementation Plan (19Jul16)
Department of Defense, Military Compensation: The Uniformed Services Blended Retirement System, contains information concerning the Blended Retirement System and available resources.
ASN Memo – Implementation of the BRS Policy: DON Policy for BRS (26Apr17)
ASN Memo – Change 1 to Implementation of BRS: Continuation Pay Clarification (10Aug17)
BRS Frequently Asked Questions (28Mar18)
BRS Comparison Calculator
DoD Office of Financial Readiness (FINRED)