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interests / alt.military.retired / The SBP-DIC Offset ends in 2023

The SBP-DIC Offset ends in 2023

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From: gordian...@hotmail.com (Jim_Higgins)
Newsgroups: alt.military.retired
Subject: The SBP-DIC Offset ends in 2023
Date: Wed, 31 Aug 2022 16:49:41 -0400
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by: Jim_Higgins - Wed, 31 Aug 2022 20:49 UTC

Dear Retiree,

As you may know, Congress made changes to the Survivor Benefit Plan
(SBP) to phase out the offset for surviving spouses who are also
receiving Dependency and Indemnity Compensation (DIC) from the
Department of Veterans Affairs (VA).

On January 1, 2023, the SBP-DIC offset will be fully eliminated. That
means, beginning in 2023, SBP payments will no longer be offset
(reduced) by DIC. Spouses will receive full SBP (issued by DFAS) and
full DIC (from the VA).

There is no action you need to take as a retiree for the changes to
apply to your surviving spouse. However, you should check your RAS to
ensure your SBP beneficiary is up to date. This is especially important
if you have a former spouse. Find out more:
https://www.dfas.mil/SBPforspouse

Also, if your monthly premiums are not automatically deducted from your
pay, you should ensure your account does not have unpaid monthly
premiums. If you pass away with unpaid monthly premiums, this could
cause hardship for your survivors. Learn more:
https://www.dfas.mil/payforSBP

For more details on the changes to SBP, see our special SBP-DIC News
webpage: https://www.dfas.mil/sbpdicnews

Sincerely,

DFAS Retired & Annuitant Pay

___________________________________________________
Delivered by Defense Finance and Accounting Service

Subject	Author
The SBP-DIC Offset ends in 2023	Jim_Higgins