NDAA Authorized Survivor Benefit Plan SBP for Retirees that declined it. Open Season until January 2024. SBP - DIC offset has also been removed


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Some good info For Military Retirees (Chapter 61, Medical, or Regular) That declined SBP Coverage. The NDAA has allowed an SBP Open Season. Allowing you the ability to get SBP back. Links all below. This is great because they removed the SBP-DIC offset. Meaning Survivors can draw both benefits now. It is also CRSC - CRDP open season. Retiree newsletter link below.

View: https://youtu.be/BT3xbvTkd4c

This link is to the full Retiree Review 2022. SBP is included in the links.

Defense Finance and Accounting Service > RetiredMilitary > newsevents > newsletter

SBP Open Season NDAA2023

SBP-DIC Offset Removal is there also:

Defense Finance and Accounting Service > RetiredMilitary > survivors > SBP DIC News

CRDP/CRSC Open Season - Frequently Asked Questions

December2022 CRDPCRSC Open Season FAQs

The Fiscal Year 2023 National Defense Authorization Act: Survivor Benefit Plan Open Season

The National Defense Authorization Act (NDAA) for Fiscal Year 2023 includes a Survivor Benefit Plan (SBP) Open Season. The SBP Open Season began on December 23, 2022 and ends on January 1, 2024.

The SBP Open Season allows for retirees receiving retired pay, eligible members, or former members awaiting retired pay who are currently NOT enrolled in SBP or RCSBP (Reserve Component Survivor Benefit Plan) to enroll. For a member who enrolls during the SBP Open Season, the law generally requires that the member will be responsible to pay retroactive SBP premium costs that would have been paid if the member had enrolled at retirement (or enrolled at another earlier date, depending on the member’s family circumstances).

For retirees receiving pay, enrollment does require paying the premiums plus interest for the time period since the date they were first eligible to enroll, as well as the monthly premiums moving forward.

The SBP Open Season also allows eligible members and former members who are currently enrolled in either SBP or RCSBP to permanently discontinue their SBP coverage. The law generally requires the covered beneficiaries to concur in writing with the election to discontinue. Previously paid premiums will not be refunded.

DFAS is working to prepare the forms, policies, and processes required to facilitate this SBP Open Season. We will be not be able to answer specific questions until we obtain official DoD guidance on the new law, policy, and processes.

In the meantime, we created a special focus webpage to post information and instructions as they become available.

Please check our special focus webpage for news and information - SBP Open Season NDAA2023

Retirees Get a Second Chance to Enroll In or Opt Out of the Survivor Benefit Plan
Why do we post this in 3 different places? Kinda spammish. Mods?