OPNAV 1750.5A Survivor Benefit Plan PDF

Summary

This document contains frequently asked questions and answers about the survivor benefit plan (SBP) program. It covers topics such as the purpose of the plan, eligibility criteria, required forms, and procedures for various situations, including divorce, disability, and requests for corrections.

Full Transcript

1. What Is the purpose of survivor benefit plan program? To establish the Navy\'s policies and procedures regarding participation in the Survivor Benefit Plan 2. What is the instruction for SBP? OPNAV 1750.5A 3. Who shall designate Commander, Navy Personnel Command to establish SBP...

1. What Is the purpose of survivor benefit plan program? To establish the Navy\'s policies and procedures regarding participation in the Survivor Benefit Plan 2. What is the instruction for SBP? OPNAV 1750.5A 3. Who shall designate Commander, Navy Personnel Command to establish SBP policy and correct or revoke erroneous SBP elections when an administrative error occurs? CHNAVPERS 4. Who does the Retired Sailors who require assistance with an erroneous SBP election must contact as soon as possible upon receipt of retired pay to obtain this assistance? Navy Personnel Command (NAVPERSCOM), Casualty Assistance Division (PERS-13) 5. What form is the DD 2656 called? Data for Payment of Retired Personnel 6. How many days retiring or transferring to FTS complete the DD 2656? 60 days prior to separation 7. What form is the DD 2656-1? Survivor Benefit Plan (SBP) Election Statement for Former Spouse Coverage 8. What form is the DD 2656-2? Survivor Benefit Plan (SBP) Termination Request 9. What form is the DD 2656-5? Reserve Component Survivor Benefit Plan (RCSBP) Election Certificate 10. What form is the DD 2656-6? Survivor Benefit Plan Election Change Certificate 11. What form is the DD 2656-7? Verification for Survivor Annuity 12. What form is the DD 2656-10? Survivor Benefit Plan (SBP)/Reserve Component (RC) SBP Request for Deemed Election 13. What form is the DD 2788? Child Annuitant\'s School Certification DD 2788 Child Annuitant\'s School Certification 14. What form is the DD 2790? Custodianship Certificate to Support Claim on Behalf of Minor Children of Deceased Members of the Armed Forces. 15. 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? The SBP program 16. If A Sailor who has no eligible beneficiary at retirement remains eligible to enroll in the SBP. The retiree must complete which form? DD 2656-6 17. On what date is the spouse of a retiring Sailor is eligible for SBP coverage, regardless of years of marriage? On the Sailor's date of retirement 18. If a Sailor who is divorced while on active duty and required by court order to provide former spouse SBP coverage must provide a written request from how long after a divorce? 1-year period immediately following his or her date of divorce 19. An unmarried, minor child(ren) is considered up to what age? Age 18 20. An unmarried full-time student is considered up to what age is an eligible SBP beneficiary? 22 21. A disabled child who is incapable of self-support remains eligible for SBP coverage for life or, alternatively, while disabled and unmarried if the disability occurred? Before age 18 (or before age 22 if a full-time student when the disability occurred 22. Who is authorized to correct, change, or revoke any previous SBP election if an administrative error occurs? SECNAV 23. How many days for requests for administrative error correction assistance after a retired Sailor\'s date of initial receipt of retired pay shall be referred to the Board for Correction of Naval Records for adjudication? 120 days 24. What is the SBP premiums for maximum spouse coverage? 6.5 percent 25. What is the Total premium costs that cannot exceed of the retiree's full gross retired pay? 40 percent 26. How many days does Retirees who request termination have from their date of submission to withdraw their request? 30 days 27. Retirees, who were not married on their date of retirement can qualify for coverage, the spouse must be married to the retiree for at least how many years? 1 year 28. What is the amount of annuity paid to a spouse? 55 percent of the retiree\'s cost of living adjusted base amount.

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