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34 Cards in this Set

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HOW MUCH OF A RETIRES GROSS PAY CAN YOU ELECT TO PROVIDE FOR A SPOUSE IN THE EVENT OF THEIR DEATHS?
55% WILL BE PAYABLE TO THEIR DESIGNATED BENEFICIARIES.
BESIDES RETIRED OR RETAINER PAY AWAREDED TO A MEMBER AS A RESULT OF MILITARY SERVICE WHAT MEMBERS ARE ALSO QUALIFIED FOR SBP?
TEMPORARY DISABILITY RETIRED LIST (TDRL), OR THE PERMANENT DISABILITY RETIRED LIST (PDRL), AND MBR'S OR FORMER MBR'S OF NAVAL RESERVE ENTITLED TO RETIRED PAY.
WHEN DID PUBLIC LAW ENACT SBP AND CANCEL RSFPP COVERAGE?
21 SEPTEMBER 1972
WHAT DOES RESFPP STAND FOR?
RETIRED SERVICEMAN'S FAMILY PROTECTION PLAN.
WHAT DOES THE TERM "RETIRED PAY" MEAN?
INCLUDES RETAINER PAY (PAY RECEIVED BY ENLISTED RETIREES WHO HAVE NOT COMMPLETED A TOTAL OF 30 YEARS ACTIVE SERVICE OR INACTIVE SERVICE.
WHAT DOES THE TERM "RETIREMENT" MEAN?
MEANS RETIREMENT WITH ELIGIBILITY TO RECEIVE RETIRED PAY, INCLUDING TRF TO FLT RESERV.
WHAT DOES THE TERM SBP PREMIUM MEAN?
THE AMOUNT BY WHICH A MEMBER'S RETIRED PAY IS REDUCED TO PAY THE COST OF PARTICIPATION IN SBP.
WHAT IS "DIC", DEPENDENCY AND INDEMNITY COMPENSATION?
PROGRAM ADMINISTERED BY THE DEPARTMENT OF VETERANS AFFAIRS (VA) AND IS AUTHORIZED FOR WIDOWS, WIDOWERS, UNMARRIED CHILDREN UNDER 18 (AS WELL AS CERTAIN HELPLESS CHILDREN AND T HOSE BETWEEN 18 AND 23 IF ATTENDING A VA APPROVED SCHOOL), AND CERTAIN PARENTS OF SERVICE PERSONNEL OR VETERANS WHO DIES ON OR AFTER 1 JAN 1957.
SBP COVERAGE IS PROVIDED FOR WHOM?
EVERY MEMBER WHO RETIRED AFTER OR ON 21 SEPT 1972 WITH A SPOUSE AND/OR DEPENDENT CHILD(REN) ON THE FIRST DAY OF ENTITLEMENT TO RETIRED PAY WILL AUTHOMATICALLY BE DEDUCTED WITH MAXIMUYM COVERAGE.
CAN MEMBERS ELECT NOT TO PARTICIPATE?
YES., AND THEY MUST PROVIDED WRITTEN CONCURRENCE WITH SUCH AN ELECTION FROM THEIR SPOUSE PRIOR TO THE MEMBERS RETIREMENT DATE.
CAN MEMBERS WHO MARRY AFTER THEIR RETIREMENT OR HAVE CHILDREN AFTERWARDS ELECT TO PARTICIPATE IN SBP?
YES BUT DFAS MUST RECEIVE A WRITTEN REQUEST WITH IN 1 YEAR AFTER DATE OF MARRIAGE OR ACQUISITION OF CHILD.
IS ELECTED TO HAVE LESS THAN FULL COVERAGE DO YOU NEED WRITTEN SPOUSAL CONCURRENCE?
YES, UNLESS WHEN THE SPOUSE'S WHEREABOUTS CANNOT BE DETERMINED OR RWHEN DUE TO EXCEPTIONAL CIRCUMSTANCES, SEEKING SPOUSAL CONSENT WOULD BE INAPPROPRIATE.
WHAT FORM MUST BE FILLED OUT IF YOU ELECT OPTIONAL COVERAGE AND WHEN DOES IT HAVE TO BE SUBMITTED?
DD 2656 DATA FOR PAYMENT OF RETIRED PERSONNEL, WITHIN 45 DAYS PRIOR TO THE DAY ON WHICH THE MEMBER BECOMES ENTITLED TO RETIRED PAY.
CAN YOU ELECT TO COVER A FORMER SPOUSE?
YES. IF REMARRIED THE CURRENT SPOUSE HAS TO CONCURR WITH THE ELECTION. SPOUSE WILL BE NOTIFIED OF THE ELECTION BY THE MEMBERS CO UPON RECEIPT OF THE ELECTION CERTIFICATE.
CAN A MEMBER WHO IS UNMARRIED AT THE THE TIME THEY ENTITLED TO RETIRED PAY ELECT TO HAVE AN "INSURABLE INTEREST" ANNUITY FOR A CHILD?
YES, PROVIDED THAT DFAS RECEVIED THE ELECTION PRIOR TO THE MEMBERS DATE OF REITREMENT.
DOES A MEMBER HAVE TO BE MARRIED FOR 10 YEARS FOR A COURT ORDER TO BE ENFORCEABLE UNDER FEDERAL LAW?
NO.
CAN A MEMBER WHO REMARRIES CHANGE COVERAGE TO COVER THE NEW SPOUSE AND CHILDREN?
YES, IN THE EVENT COVERAGE IS CHANGED TO A NEW SPOUSE AND/OR CHILDREN, COVERAGE OF FORMER SPOUSE CEASES.
WHAT HAPPENS IF THE RETIRED MEMBER IS REMOVED FROM THE TDRL LIST AND IS N O LONGER ENTITLED TO RETIRED PAY?
IF THE MBR'S RETIRED PAY IS REDUCED TO AN AMT WHICH IS LESS THAN THE BASE AMOUNT ORIGINALLY SELECTED UNDER SBP, THE FULL RETIRED PAY TO WHICH THE MEMBER IS THEREAFTER ENTITLED WILL BE CONSIDERED THE BASE AMOUNT.
WHAT HAPPENS IF ACTIVE DUTY MBR DIES PRIOR TO COMPLETING THE REQUIRED NUMBER OF YEARS IN GRADE TO RETIRE?
THE DATE OF DEATH IN WHICH THE MEMBER WAS SERVING ON DETERMINES THE PERCENTAGE MULTIPLE FOR CALCUATION OF RETIRED PAY.
DOES A MEMBER HAVE TO PAY A PREMIUM IF RECALLED TO ACTIVE DUTY?
NOT IF IT EXCEES 30 DAYS.
DOES THE WIDOW OR WIDOWER STILL RECIEVE PAY IF THEY GET REMARRIED?
NO.
CAN YOU CHANGE NOT TO PARTICIPATE OR TO PARTICIPAGE AT A REDUCED BASE AMOUNT AFTER THE FIRST DATE OF ENTITLEMENT TO RETIRED PAY?
NO, IT IS IRREVOCABLE.
IF AFTER RETIREMENT A MEMBER IS MARRIED AND DIVORCED, ARE THEY ENTITLED TO SBP COVERAGE?
THE MARRIAGE MUST HAVE LASTED AT LEAST 1 YEAR, OR THE FORMER SPOUSE MUST BE THE MOTHER OF A LIVING CHILD OF THE MARRIAGE.
IF A SPOUSE INDICATED CONCURRENCE WITH A MEMBERS ELECTION TO DECLINE PARTICIPATION, OR REDUCE LEVEL ETC, WHO SHOULD WITNESS THE SIGNATURE?
NAVY COUNSELOR WHO PROVIDED SBP COUNSELING TO THE MEMBER AND THE MEMBER'S SPOUSE.
ON THE DD2656 THE DATES OF THE MBR'S SIGNATURE AND THE SPOUSE'S SIGNAUTRE SHOULD NOT EXCEED HOW MANY DAYS?
30
WHERE IS THE ORIGINALL DD2656 BE FORWARDED TO?
DFAS-CL VIA THE COMMANDING OFFICER OF THE ACTIVITY PROCESSING THE MBR'S RETIREMENT.
WHO SHOULD GET A COPY OF THE DD2656?
ONE TO THE MEMBER'S SERVICE RECORD, ONE TO THE MEMBER AND ONE RETAINED BY THE COMMAND FOR 2 YEARS.
WHAT HAPPEND IF A MEMBER WANTS TO CHANGE THERE ORIGINAL ELECTION PRIOR TO THE DATE OF RETIREMENT?
A NEW DD2656 SHOULD BE SUBMITTED AND IN RED AT THE TOP OF SECTION VII SHOULD READ "THIS ELECTION REVOKES PREVIOUS ELECTION"
DOES THE AMOUNT OF ANNUITY EVER GET REDUCED?
YES, WHEN THE MEMBER REACHED THE AGE OF 62. IT REDUCES TO 35% OF THE BASE AMOUNT.
IS ANNUITY UNDER SBP CONSIDERED AS INCOME?
YES.
WHEN IS COLA ADJUSTED FOR SBP AND SSBP PREMIUMS?
THE ARE INCREASED ANNUALLY ON 1 DECEMBER.
WHAT FORM DO YOU USE TO CHANGE YOUR DEPENDENCY STATUS?
FORM DD 1882.
WHO IS RESPONSIBLE TO ENSURE THAT ALL MEMBERS ARE COUNSELED AND PROVIDED A COPY OF NAVPERS 15617A?
CO
WHEN SHOULD SBP ELECTIONS BE ENDORESED AND FWD TO DFAS?
PRIOR TO THE MEMBERS DATE OF RETIREMENT BUT NOT LATER THAN 45 DAYS PRIOR TO THAT DATE.