Many Reserve and National Guard members are likely to face a difficult choice of retirement plans next year. Some reserve component advocacy groups are delighted by the prospect that their members will be given the choice: to stay under their current retirement plan or accept a reduced defined benefit at age 60 in return for participating immediately in a 401(k)-like Thrift Savings Plan. More details of that choice are emerging as architects of the new plan answer questions being posed by military associations, veterans groups, congressional staffs and individual reservists. Read the full Military Update article.
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