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The new 'blended' retirement system for military servicemembers will take effect January 1, 2018. Here's what you need to know.

Members of the military will have a big decision to make come January 1, 2018: The new “blended” retirement system for servicemembers will take effect.

The Air Force’s website points out that while all new recruits who join up on or after January 1 will automatically be enrolled in the new part of the retirement system, “[n]early 1.6 million current servicemembers will have the option to remain in the current legacy ‘high-3’ retirement system or to choose the [Uniformed Services Blended Retirement System] when the opt-in period for eligible servicemembers opens Jan. 1.

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