To amend title 10, United States Code, to change the effective date for paid-up coverage under the military Survivor Benefit Plan from October 1, 2008, to October 1, 2005.
Summary
H.R. 968 would have accelerated the timeline for military retirees to stop paying premiums for the Survivor Benefit Plan (SBP). Under the law at the time, retirees who had reached age 70 and had paid into the plan for 30 years (360 months) were scheduled to reach "paid-up" status on October 1, 2008, meaning their retirement pay would no longer be reduced to cover the plan’s costs. This bill proposed moving that effective date forward to October 1, 2005, allowing eligible veterans to stop paying monthly premiums three years earlier than originally planned. While the bill was introduced in 2005, it did not advance past the subcommittee stage and did not become law.
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