New law allows retirees to transfer SBP when ex-spouse dies
The Survivor Benefit Plan (SBP) is a monthly benefit paid to the designated beneficiary of a retired servicemember who has passed away. Retired pay stops with the death of the servicemember, therefore SBP is one way to ensure a continued financial benefit for a servicemember’s survivor.
A new law will prevent military retirees from losing Survivor Benefit Plan benefits when their ex-spouse dies before they do, by allowing the benefit to be transferred to a current or future spouse.
Retiree News 
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