Music hello everyone it's DJ again welcome to part 4 of military force minefields this is going to be the shortest and simplest of four episodes so I'll congratulate you on surviving to this point and don't worry it's all downhill now this is the easy stuff and there's not even going to be a whole lot of math fact none no map at all I'll give a couple of forms over so that's the closest thing to math you're going to have so rejoice right alright so the last topic I'm going to cover in this series is the survivor benefit plan this plan provides a monthly survivor annuity of 55% of retired pay or less if a smaller amount is covered upon the death of the retiree here is a quick and radically simplified explanation of how it works at least on the divorce side of things unlike retired pay this is not something that can be divided elections under the survivor benefit plan are categorical as my term for it's not the legal intern foot and that means that you can only choose a certain type of beneficiary such as a spouse or former spouse coverage for former spouse is not an automatic thing like I said this is a categorical election so if you had your survivor benefit election as spouse right now you put your spouse's name then if you got divorced who's the beneficiary beneficiary is spouse because it's kind of good now you don't have a spouse so this isn't like life insurance while putting someone's name or form under a certain category means they get any sort of benefit at all so if a former spouse is going to get a survivor benefit of duty and they have to be listed as...
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DD 2656-6 Form: What You Should Know
SVP — VA.gov The SVP is the insurance component of a military retirement system. The purpose of this insurance program is to compensate for the loss of military status for certain survivors during the period from separation to retirement. SVP — VA.org If you are receiving a survivor benefit because your spouse died during the period from separation to retirement and your marital status changed, you must make the following changes to your DD Form 2656: Determine your marital status: Under “Marital status,” find the new marital status listed as “married.” Make any required adjustments to the monthly amount you were receiving to reflect the new marital status: Under “Date on DD Form 2656” check the amount that has changed since the end of your marriage.
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