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Flashcards in Survivor Benefit Plan Deck (19)
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0
Q

Who is responsible to ensure all retiring Sailors, regardless of marital status and their spouses if applicable, receive up-to-date one-on-one SBP counseling prior to their date of retirement.

A

COs and OICs

1
Q

What is the directive for the SBP Plan?

A

OPNAVINST 1750.5

2
Q

What is DD 2656?

A

Data for Payment of Retired Personnel

3
Q

What is a government-subsidized annuity program which permits military retirees to provide a portion of their retired pay to an eligible category of beneficiary after they die?

A

Survivor Benefit Plan (SBP)

4
Q

True or false
All active duty Sailors, regardless of service, who die in the line of duty (LOD) and have a’qualified beneficiary are automatically covered by
the SBP?

A

TRUE

5
Q

All . Sailors, regardless of marital status, are | eligible to participate in the program and must j I make a valid SBP election prior to retirement,
Sailors who fait to make a valid election will be enrolled in the SBP at the level based on the dependent information contained on their
DD 2656.

A

retiring, automatically, maximum

6
Q

True or false

A Sailor who has no eligible beneficiary at retirement remains eligible to enroll in the SBP.

A

True

7
Q

True or false

A Sailor who has no eligible beneficiary at retirement remains eligible to enroll in the SBP.

A

True

8
Q

The spouse’s notarized __ is required when a Sailor declines coverage, elects less than
maximum spouse coverage, or elects child-only coverage in lieu of spouse coverage

A

Written concurrence

9
Q

What is the purpose of having the spouse’s signature notarized?

A

Identification purposes

10
Q

How may the notarizied requirement be accomplished if the spouse and Sailor are
geographically separated?

A

By mail

11
Q

Who is authorized to waive the requirement to obtain the spouse’s written concurrence?

A

SECNAV

12
Q

Unmarried minor child{ren) are eligible for SBP coverage up to age _, or age _ if a full-time student.

A

18, 22

13
Q

SBP premiums for maximum spouse coverage are generally _ percent of the retiree’s retired pay and are not subject to Federal income tax.

A

6.5

14
Q

Retirees who are _ years of age or older, and who have paid SBP premiums for _ years or more, will be “paid-up” and no further premium deductions will be made.

A

70, 30

15
Q

Who is responsible for making SBP annuity

payments?

A

DFAS-CL

16
Q

What must eligible beneficiaries submit in order to receive monthly annuity payments?

A

DD 2656-7. Verification for Survivor Annuity

17
Q

The annuity payable is _ percent of the elected

base amount and is paid in equal shares to eligible children beginning the day after the retiree’ s death

A

55%

18
Q

What is DD 2656-6?

A

Survivor benefit plan election change certificate .