The Navy updated its financial literacy mobile app June 14, to include information on the Blended Retirement System (BRS) and additional resources for Sailors to better manage and plan their finances. Along with new BRS information, there is a BRS New Accessions Course, a BRS comparison calculator, and the Family Financial Planning Course. The updated BRS information is timely, as Sailors who are currently under the legacy or "high-3" retirement system must decide whether to opt-in to the BRS by Dec. 31. The decision to opt-in is irrevocable, increasing the importance of making a well informed decision. BRS went into effect Jan. 1, 2018, with new Sailors being automatically enrolled into the system. "This updated app provides Sailors a 'one-stop shop' resource to find information to assist them in achieving their personal financial goals and meeting the Navy's financial literacy touch-point training requirements," said John Hunt, lead financial literacy analyst for Family Readiness, Office of the Chief of Naval Operations (OPNAV) N170C. "Of note, the updated app includes information about NSIPS now allowing Sailors to view their BRS status and elect Continuation Pay. There is also now a link to the BRS Comparison Calculator to help opt-in eligible Sailors compare the legacy retirement system with the BRS so that they can make an educated decision on which retirement system is right for them." Targeted primarily to Sailors, the app also serves as a valuable tool for Navy family members. Users can explore issues like managing their credit, building a spending plan, home buying, moving, as well as how to navigate survivor benefits, insurance and the Thrift Savings Plan among many other topics. The Navy Financial Literacy mobile application is available for download at the Navy App Locker at www.applocker.navy,mil for both Apple and Android devices. The U.S. Navy Sea Warrior Program (PMW 240) produced the app and Tracen Technologies Inc., a company that specializes in integrated mobile and web solutions, developed the software. For more information, visit www.navy.mil, www.facebook.com/usnavy, or www.twitter.com/usnavy. For more news from Chief of Naval Personnel, visit www.navy.mil/local/cnp/.

For more information, visit www.navy.mil, www.facebook.com/usnavy, or www.twitter.com/usnavy.

For more news from Chief of Naval Personnel, visit www.navy.mil/.