New retirement plan, impact on 2020 cadets

Discussion in 'Military Academy - USMA' started by frenzymando, Apr 22, 2016.

  1. frenzymando

    frenzymando Banned

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    I read that people who enter the service after January 1, 2018 are automatically given the new retirement plan while people who enter the military before that and after 1/1/06 can choose which one that they want. Since West Point cadets are active duty, will cadets that enter WP prior to 1/1/18 be automatically given the new retirement plan or will we be permitted to choose which plan we want?
     
  2. scoutpilot

    scoutpilot Member

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    This is not something a candidate needs to worry about.
     
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  3. frenzymando

    frenzymando Banned

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    True. But hopefully someone here knows the answer because my brain is curious.:rolleyes:
     
  4. Stealth_81

    Stealth_81 Super Moderator Moderator Founding Member

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    The eligibility for the retirement plans is based on Date of Initial Entry Into Military Service (DEIMS). For Military Academy cadets this is your date of entry into the academy. For ROTC cadets it is the date of the scholarship contract or the date the cadet began the advanced ROTC course, whichever is earlier.

    Stealth_81
     
  5. 845something

    845something Member

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    Seeing how I never have seen DEIMS on my ORB (believe that is an enlisted thing), nor does anything from West Point count towards retirement, bet that they'll use your BASD = basic active service date = your graduation date for most cadets. Prior service cadets for the next couple years will have the option of choosing a retirement plan. For the rest, enjoy your 401k that you can't touch until 65, but hey, at least you'll have a small something when you are frustrated and leave after 5 years. Definite retention tool that retirement plan is.
     
  6. Passerby

    Passerby Member

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    Just adding, I heard they use the date you you take your commitment oath as a Cow.
     

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