Showing posts with label Survivor Benefit Plan (SBP). Show all posts
Showing posts with label Survivor Benefit Plan (SBP). Show all posts

Sunday, July 9, 2023

Veterans have less than 6 months to make this change to their pension | Survivor Benefit Plan (SBP)

Article Title: Veterans have less than 6 months to make this change to their pension

Article Excerpt: "Qualifying service members are offered a chance to enroll in the Survivor Benefit Plan, which offers spouses (and sometimes their children) a pension of up to 55% of the veterans’ retirement pay. The inflation-adjusted payment is provided through the surviving spouse’s lifetime, or until the child reaches a maximum age. Prior to 2023, veterans’ decisions were permanent, but this year, they will have an opportunity to opt in or opt out. “The Survivor Benefit Plan is a good benefit..."

Reference Source: www.marketwatch.com