Posted on Dec 31, 2015
Military Update | House eyes giving widows more relief from 'SBP-DIC offset'
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RP Members and Veterans check out SBP-DIC update. How important is this to your spouses?
How many retirees have waived the SBP Benefit upon retirement because of the cost?
In a hopeful sign for 60,000 military widows and widowers who lost spouses to service-connected illnesses or injuries, a key House subcommittee is taking a fresh look at how Congress might allow a further easing the “SBP-DIC offset” to provide heartier and fairer survivor benefit packages.
Rep. Joe Heck (R-Nev.), chairman of the House armed services subcommittee on military personnel, isn’t promising yet specific relief from the offset, which surviving spouses prefer to call the military widows’ tax.
How many retirees have waived the SBP Benefit upon retirement because of the cost?
In a hopeful sign for 60,000 military widows and widowers who lost spouses to service-connected illnesses or injuries, a key House subcommittee is taking a fresh look at how Congress might allow a further easing the “SBP-DIC offset” to provide heartier and fairer survivor benefit packages.
Rep. Joe Heck (R-Nev.), chairman of the House armed services subcommittee on military personnel, isn’t promising yet specific relief from the offset, which surviving spouses prefer to call the military widows’ tax.
Military Update | House eyes giving widows more relief from 'SBP-DIC offset'
Posted from stripes.com
Benefits
Department of Veterans Affairs (VA)
Retirement
Injuries
Posted 9 y ago
Responses: 2
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I opted out because the way it was explained to me was the its increasing in cost and decreasing in value the longer you live, kind of like term life insurance. From the look of it at the time I figured the only way for my spouse to get paid a decent amount was for me to die quickly and that's not an option. I am probably wrong though because it was not really explained and in all honesty I probably didn't really pay it much attention especially when they used the phrase "term life insurance". I have some decent whole life insurance I got early on in my career so I am fairly well covered in a worst case situation.
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This policy is similar to that used by the private sector. It's like an insurance policy, I paid into it for decades and doing the same with my Siemens retirement. Both based on base pay at retirement with no increases.
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