Summary
Dear Sgt. Shaft:
The Fleet Reserve Association (FRA) is urging all 66 members of the House and Senate budget committees to include funding in the 2005 budget resolution for legislation (S. 1916 and H.R. 3673) that eliminates the drastic reduction in Survivor Benefit Plan (SBP) annuities that now adversely impacts survivors of military personnel who are 62 and older.See the full content of this document
Extract
Survivor Benefit Plan Needs Reform
The current program provides 55 percent of SBP covered retired pay for younger spouses - however, the amount decreases to 35 percent of retired pay when survivors become eligible for Social Security. Many retirees and their spouses were ...
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