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{"id":16159,"date":"2016-10-31T20:52:15","date_gmt":"2016-10-31T20:52:15","guid":{"rendered":"http:\/\/www.seonewswire.net\/2016\/10\/establishing-retroactive-survivor-benefit-plan-payments-sbp-for-a-dependent-child\/"},"modified":"2016-10-31T20:52:15","modified_gmt":"2016-10-31T20:52:15","slug":"establishing-retroactive-survivor-benefit-plan-payments-sbp-for-a-dependent-child","status":"publish","type":"post","link":"http:\/\/www.seonewswire.net\/2016\/10\/establishing-retroactive-survivor-benefit-plan-payments-sbp-for-a-dependent-child\/","title":{"rendered":"Establishing Retroactive Survivor Benefit Plan Payments (SBP) for a Dependent Child"},"content":{"rendered":"
In December 2014, Congress passed the Disabled Military Child Protection Act as part of the National Defense Authorization Act of 2015. This important piece of legislation amended 10 U.S.C. 1450 by permitting monthly Survivor Benefit Plan (SBP) annuity payments to be assigned to a special needs trust for the sole benefit of a dependent child. Since this time, one of the major concerns has been whether benefits could be established by a parent with a dependent child when an election was not made previously.<\/p>\n

Absent another valid election, a retiree of the United States Armed Forces begins to receive retirement income and, is enrolled in the Survivor\u2019s Benefit Plan (SBP). With a full election of the SBP, upon the death of the retiree, up to 55% of the retiree\u2019s retirement pay will be paid to a spouse or dependent child. Under the SBP, a \u201cdependent child\u201d includes an adult child that is (more…)<\/span><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

In December 2014, Congress passed the Disabled Military Child Protection Act as part of the National Defense Authorization Act of 2015. This important piece of legislation amended 10 U.S.C. 1450 by permitting monthly Survivor Benefit Plan (SBP) annuity payments to…<\/span><\/p>\n

Read more ›<\/a><\/div>\n

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