Summary
ALEXANDRIA, Va., Feb. 4 /U.S. Newswire/ -- A significant number of military widows who reach age 62 are in for a big surprise that can affect the rest of their lives. Most will receive one-third fewer dollars than they expected from a government-sponsored survivor benefit plan that their spouses paid for before they died.
According to officials at the Military Officers Association of America (MOAA) in Alexandria, Va., the situation can best be summed up by the example of Lieutenant Colonel Roger Welch, USA- Ret., who signed up for the military's Survivor Benefit Plan (SBP) years ago. He was told that when he died, SBP would pay his wife Dottie 55 percent of his retired pay for the rest of her life. The couple learned later that this was not true.See the full content of this document
Extract
Military Widows Short-Changed On Survivor Benefits
When he enrolled in SBP, he signed an irrevocable agreement to pay annual, increasing SBP premiums for the rest of his life. But the Department of Defense did not tell Colonel Welch and his wife about one important detail. Instead of the 55 percent of his retired pay he thought he was buying with ...
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