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However, the retiree must provide PPC (ras) an SBP election for the new spouse within one year of the marriage or the category of spouse SBP is closed for that spouse and any future spouse. The spouse SBP category is still open to this retiree. The second scenario involves a retiree who did not have a spouse at retirement and married after retirement. This can result in an unexpected debt to the retiree or surviving spouse of several hundred to tens of thousands of dollars depending on the length of time since remarriage. If the retiree did not notify PPC (ras) of the remarriage, a debt will accumulate for spouse SBP premiums retroactive to the first anniversary of the remarriage. Since the new spouse is the SBP beneficiary on the first anniversary of the marriage, the retiree owes SBP premiums from that date. The retiree must inform PPC (ras) of the remarriage and choice of spouse SBP coverage by the first anniversary of the remarriage or, by law, the new spouse is automatically enrolled with the previous level of SBP coverage.
#Spb wife update#
PPC (ras) often reminds retirees to update their Survivor Benefit Plan (SBP) elections within one year of dependent changes such as marriage or remarriage.
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Reservists who are between 20-years satisfactory service and reaching age 60 please read the article below also.