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Posts tagged "military"

Military Members May Name Special Needs Trusts as Beneficiaries of Survivor Benefit Plan

On December 15, 2014, Congress passed the Disabled Military Child Protection Act. This legislation grants military members the authority to name a "payback" special needs trust as a beneficiary of Survivor Benefit Plans (SBP). 

Military Retirement Benefits: Pros and Cons of the Survivor Benefit Plan

Upon death, the service member's right to receive retirement pay terminates. The Survivor Benefit Plan (SBP) is an annuity program that allows retired or retirement-eligible active duty service members to provide continued income to specified beneficiaries at the time of the participant's death.  

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