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21 Cards in this Set

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A VOLUNTARY PERSONALSAVINGS/INVESTMENT PLAN THAT OFFERS MIILTARY SERVICEMEMBERS THE SAME TYPE OF SAVINGS AS A 401K PLAN IS CALLED WHAT?
THRIFT SAVINGS PLAN
INVESTMENTS AND EARNING ARE NOT TAXED WHEN MONEY IS WITHDRAWN FROM YOUR TSP ACCOUNT. TRUE OR FALSE?
FALSE
WHO AT WHAT LEVEL WILL PROVIDE ENROLLMENT INFORMATION AND PROGRAM DETAILS CONCERNING TSP?
COMMAND
FINANCIAL SPECIALIST
WHO IS ELIGIBLE TO PARTICIPATE IN THE TSP PROGRAM?
OPEN TO ALL ACTIVE DUTY AND NAVAL RESERVIST IN ANY PAY STATUS
WHEN IS THE ENROLLMENT PERIOD FOR TSP?
15 MAY-31 JULY AND 15 NOV-31 JAN
THE TSP IS TIED TO THE MILITARY RETIREMENT SYSTEM. TRUE OR FALSE?
FALSE
HOW ARE CONTRIBUTIONS MADE TO TSP?
THROUGH DIRECT DEPOSIT FORM PRE-TAX DOLLARS
AS LONG AS MEMBERS ARE CONTRIBUTING FROM THEIR BASIC PAY TO TSP, THEY MAY ALSO CONTRIBUTE FROM WHAT PAYS?
BONUSES, SPECIAL OR INCENTIVE PAYS
YOUR PAGE 2 IS ALSO KNOWN AS WHAT?
DEPENDENCY APPLICATION/RECORD OF EMERGENCY DATA
PART 1 PAGE 2 OF YOUR SEVICE RECORD IS AN APPLICATION FOR WHAT?
DEPENDENCY ALLOWANCE THAT DOCUMENTS FAMILY MEMBER DATA
PART II OF THE PAGE 2 ASK YOU TO LIST WHOM?
THOSE PERSONS THAT YOU WANT NOTIFIED IN CASE OF EMERGENCY/DEATH, AS WELL AS WHO WILL RECEIVE YOUR DEATH GRATUITY AND UNPAID ALLOWANCES.
THE SGLV 8286 FORM IS USED TO DESIGNATE WHAT?
SGLI BENEFITS IN THE EVENT OF DEATH
WHERE IS YOUR PAGE 2 AND 8286 FORM FILED?
IN YOUR SERVICE RECORD AND AT YOUR LOCAL PSD OR PERSONNEL OFFICE AND IN YOUR PERMANENT PERSONEL RECORD AT BUPERS
AT LEAST AN ANNUAL REVIEW OF YOUR PAGE 2 IS RECOMMENDED. TRUE OR FALSE
TRUE
WHAT REASONS SHOULD YOU UPDATE YOUR PAGE 2?
FAMILY MEMBER STATUS OR NUMBER OF FAMILY MEMBERS.

NAME OR ADDRESS OF A FAMILY MEMBER
NEXT OF KIN OTHER THAN AN IMMEDIATE FAMILY MEMBER.

CITIZENSHIP OF SPOUSE.

RELIGION.

LOCATION OF WILLS OR OTHER VALUABLE DOCUMENTS.
TO CHANGE THE BENEFICIARY OF YOUR LIFE INSURANCE BENEFITS, YOU MUST FILL OUT A NEW ____?
SGLV 8286
WHEN FILLING OUR SGLV 8286, THE TERM "BY LAW" MAY LONGER BE USED. HOW MUST YOU DESIGNATE YOUR BENEFICIARY.
BY NAME (I.E. JOHN DOE OR SPOUSE)
PERSONNEL WHO ARE RETIREMENT ELIGIBLE OR WHO ARE DEATH IMMINENT BUT RETIRED/RETAINED AND HAVE NOT INDICATED THEIR SBP COVERAGE ELECTION ARE AUTOMATICALLY ENROLLED FOR WHAT COVERAGE?
SPOUSE ONLY
IF YOU DESIGNATE CHILD(REN) ONLY ON YOUR SURVIVOR BENIFIT PLAN (SBP), YOUR CHILDREN WILL RECEIVE ______ AND YOUR SPOUSE WILL RECEIVE_______.
CHILDREN WIL RECEIVE THE SBP.
SPOUSE WILL RECEIVE DEPENDENCY AND INDEMNITY COMPENSATION.
IN THE REMARKS COLUMN OF PART II, PAGE 2 YOU CAN LIST WHAT?
COMMERCIAL INSURANCE POLICIES AND TO IDENTIFY YOUR BENEFICIARIES.
THE TOTAL AMOUNT OF MONIES YOU CONTRIBUTE TO TSP EACH YEAR CAN NOT EXCEED THE INTERNAL REVENUE CAP SET FOR THE CURRENT YEAR. TRUE OR FALSE
TRUE