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21 Cards in this Set
- Front
- Back
A VOLUNTARY PERSONALSAVINGS/INVESTMENT PLAN THAT OFFERS MIILTARY SERVICEMEMBERS THE SAME TYPE OF SAVINGS AS A 401K PLAN IS CALLED WHAT?
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THRIFT SAVINGS PLAN
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INVESTMENTS AND EARNING ARE NOT TAXED WHEN MONEY IS WITHDRAWN FROM YOUR TSP ACCOUNT. TRUE OR FALSE?
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FALSE
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WHO AT WHAT LEVEL WILL PROVIDE ENROLLMENT INFORMATION AND PROGRAM DETAILS CONCERNING TSP?
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COMMAND
FINANCIAL SPECIALIST |
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WHO IS ELIGIBLE TO PARTICIPATE IN THE TSP PROGRAM?
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OPEN TO ALL ACTIVE DUTY AND NAVAL RESERVIST IN ANY PAY STATUS
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WHEN IS THE ENROLLMENT PERIOD FOR TSP?
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15 MAY-31 JULY AND 15 NOV-31 JAN
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THE TSP IS TIED TO THE MILITARY RETIREMENT SYSTEM. TRUE OR FALSE?
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FALSE
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HOW ARE CONTRIBUTIONS MADE TO TSP?
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THROUGH DIRECT DEPOSIT FORM PRE-TAX DOLLARS
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AS LONG AS MEMBERS ARE CONTRIBUTING FROM THEIR BASIC PAY TO TSP, THEY MAY ALSO CONTRIBUTE FROM WHAT PAYS?
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BONUSES, SPECIAL OR INCENTIVE PAYS
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YOUR PAGE 2 IS ALSO KNOWN AS WHAT?
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DEPENDENCY APPLICATION/RECORD OF EMERGENCY DATA
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PART 1 PAGE 2 OF YOUR SEVICE RECORD IS AN APPLICATION FOR WHAT?
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DEPENDENCY ALLOWANCE THAT DOCUMENTS FAMILY MEMBER DATA
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PART II OF THE PAGE 2 ASK YOU TO LIST WHOM?
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THOSE PERSONS THAT YOU WANT NOTIFIED IN CASE OF EMERGENCY/DEATH, AS WELL AS WHO WILL RECEIVE YOUR DEATH GRATUITY AND UNPAID ALLOWANCES.
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THE SGLV 8286 FORM IS USED TO DESIGNATE WHAT?
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SGLI BENEFITS IN THE EVENT OF DEATH
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WHERE IS YOUR PAGE 2 AND 8286 FORM FILED?
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IN YOUR SERVICE RECORD AND AT YOUR LOCAL PSD OR PERSONNEL OFFICE AND IN YOUR PERMANENT PERSONEL RECORD AT BUPERS
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AT LEAST AN ANNUAL REVIEW OF YOUR PAGE 2 IS RECOMMENDED. TRUE OR FALSE
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TRUE
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WHAT REASONS SHOULD YOU UPDATE YOUR PAGE 2?
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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. |
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TO CHANGE THE BENEFICIARY OF YOUR LIFE INSURANCE BENEFITS, YOU MUST FILL OUT A NEW ____?
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SGLV 8286
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WHEN FILLING OUR SGLV 8286, THE TERM "BY LAW" MAY LONGER BE USED. HOW MUST YOU DESIGNATE YOUR BENEFICIARY.
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BY NAME (I.E. JOHN DOE OR SPOUSE)
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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?
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SPOUSE ONLY
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IF YOU DESIGNATE CHILD(REN) ONLY ON YOUR SURVIVOR BENIFIT PLAN (SBP), YOUR CHILDREN WILL RECEIVE ______ AND YOUR SPOUSE WILL RECEIVE_______.
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CHILDREN WIL RECEIVE THE SBP.
SPOUSE WILL RECEIVE DEPENDENCY AND INDEMNITY COMPENSATION. |
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IN THE REMARKS COLUMN OF PART II, PAGE 2 YOU CAN LIST WHAT?
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COMMERCIAL INSURANCE POLICIES AND TO IDENTIFY YOUR BENEFICIARIES.
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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
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TRUE
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