Survivor Benefit Plan Flashcards
Who is responsible to ensure all retiring Sailors, regardless of marital status and their spouses if applicable, receive up-to-date one-on-one SBP counseling prior to their date of retirement.
COs and OICs
What is the directive for the SBP Plan?
OPNAVINST 1750.5
What is DD 2656?
Data for Payment of Retired Personnel
What is a government-subsidized annuity program which permits military retirees to provide a portion of their retired pay to an eligible category of beneficiary after they die?
Survivor Benefit Plan (SBP)
True or false
All active duty Sailors, regardless of service, who die in the line of duty (LOD) and have a’qualified beneficiary are automatically covered by
the SBP?
TRUE
All . Sailors, regardless of marital status, are | eligible to participate in the program and must j I make a valid SBP election prior to retirement,
Sailors who fait to make a valid election will be enrolled in the SBP at the level based on the dependent information contained on their
DD 2656.
retiring, automatically, maximum
True or false
A Sailor who has no eligible beneficiary at retirement remains eligible to enroll in the SBP.
True
True or false
A Sailor who has no eligible beneficiary at retirement remains eligible to enroll in the SBP.
True
The spouse’s notarized __ is required when a Sailor declines coverage, elects less than
maximum spouse coverage, or elects child-only coverage in lieu of spouse coverage
Written concurrence
What is the purpose of having the spouse’s signature notarized?
Identification purposes
How may the notarizied requirement be accomplished if the spouse and Sailor are
geographically separated?
By mail
Who is authorized to waive the requirement to obtain the spouse’s written concurrence?
SECNAV
Unmarried minor child{ren) are eligible for SBP coverage up to age _, or age _ if a full-time student.
18, 22
SBP premiums for maximum spouse coverage are generally _ percent of the retiree’s retired pay and are not subject to Federal income tax.
6.5
Retirees who are _ years of age or older, and who have paid SBP premiums for _ years or more, will be “paid-up” and no further premium deductions will be made.
70, 30
