Army Soldiers: What do you think about the new Blended Retirement System?

Not army, but I think the government is only going to it for one reason, it benefits them.

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I am certain it was proposed because it saves government money in the long-term. I retire this year and I will be on the older system and not using the Blended Retirement.
For personnel who don't get to 20 years at least the blended system provides some type of benefit system. This has been a systemic challenge for all service members.
Either way, start saving each month for your retirement.

I think they're trying to spin it so that it looks like it's for the benefit of the SM, but it's not hard to see that it's a way for the government to save money. If new to the service and you know that you won't be staying around for 20 then you get to walk away with something, but I think most "lifers" will end up with a smaller retirement when all is said and done. With my prior enlisted time I'm just over the 12 year cutoff of being able to choose. If I was just coming into the military though the choice would be tougher. When you're still fresh off the street it's easy to say that you'll stick around for 20 or more years. After sticking around for a while and experiencing deployments, crappy duty stations, etc. your tune can change.