Tag Archive | benefits

Army changes requirements for transfer of GI Bill benefits

Ok folks, this is a BIG one…
(gathered from Army.Mil – WASHINGTON (Army News Service, April 17, 2013)

Beginning Aug. 1, 2013, every Soldier who elects to transfer their Post-9/11 GI Bill benefits to a family member will incur an additional four years in the Army, without regard to their time in service.

That news comes in a message to military personnel, dated April 15, 2013. The new rule largely affects senior officers and enlisted Soldiers who are retirement-eligible. As of now, these Soldiers may be able to transfer benefits to their loved ones with anywhere from zero to three years of additional service.

READ MORE HERE

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Survivor Benefit Plan, Part I: What Is SBP, and Why Do I Need To Know? | Military.com

One common misconception about military pensions is that some sort of pension will continue to be paid military spouses who outlive the retiree. While there is a provision to provide for spouses and other eligible beneficiaries, it is not a part of the military pension package but a separate program with its own rules, paperwork, and costs.

SBP provides monthly income to the beneficiary. The income is inflation adjusted each year and it continues until the death of the beneficiary. The amount of benefit is selected when enrolling in SBP as part of the retirement process

Read more:Survivor Benefit Plan, Part I: What Is SBP, and Why Do I Need To Know? | Military.com.