1. Financial Management
Element 42
Page 202

2. 5 4 3 1 2
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3. HOW TO MEET THE HUMAN BASIC NEED
TSP
BRS
SBP
OTHERS

4. TSP Basically is the 401K of the DoD It is optional to pay in
Payout types
Monthly Annuity
Lump sum

5. BRS
GOOD LUCK WITH THAT

6. 1159 31 December 2018 Must file BCNR NO OPTIONS
All new recruits were automatically enrolled
Members over 12 yrs were automatically denied enrollment
All other eligible members the dead line to enroll was
December 2018
Must file BCNR

7. For the surviving dependent Must be elected at time of retirement
SBP
For the surviving dependent
Must be elected at time of retirement
Can elect other insurable interest or parent

8. OTHERS MEDICAL DENTAL HOUSING/FOOD SHOPPING TRAVEL LEGAL
PHYSICAL/MENTAL HEALTH

9. TAKE AWAYS
TSP
Belongs to the member regardless if retire or separate
Depends on how much the member contributed
Must begin withdrawing the year after their 70.5 birthday
BRS
Service will contribute 1% of monthly pay
Member must serve two years before they are fully vested
Member contributes at least 3%
SBP
Once the member dies retirement pay stops
Full coverage is 55% of retirement pay
Member pays a monthly premium

10. Resources Military Fleet and Family Center/Great Life Hawaii
center/personal-finance-rao-programs
Military One Source
VFW

11. QUESTIONS?
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