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This report assesses the effects of the Blended Retirement System (BRS) on military retention and cost. The report finds that the BRS can produce the same retention as the legacy system if continuation pay (CP) is set at optimized levels. CP levels affect the likelihood that currently serving members elect the BRS, thereby affecting the time pattern of cost and cost savings to the government.

The Blended Retirement System: Retention Effects and Continuation Pay Cost Estimates for the Armed Services