Health, Safety and Work-Life (HSWL) Regional Practice Boston
Helping you balance your Work and your Life
Transition Relocation Program
| Relocation | Spouse | Transition Assistance |
| Retirees/Separatees | Career Planning | Sponsorship |
| Military Handbook | ||
Retirees/Separatees
Link to RAS Branch:
http://www.uscg.mil/ppc/ras/Contains information on Retirement Processing, Retirement Package,
Retired Pay Self Service, Global Pay and Information and Resources, Survivor
Benefit Plan Information, Forms and Worksheets, Frequently Asked Questions
(FAQ), etc.Information
materials on retirement seminar can be found at
http://www.uscg.mil/hq/cg1/psc/ras/seminars.asp
When a military retiree
dies their retirement pay stops. This means that the surviving spouse will be left without a
substantial income source. When you are contemplating retirement you need to give serious thought to how you
can protect your spouse from the hardships caused by the loss your
retirement pay.
One option available to you is the Survivor Benefit Plan (SBP). The SBP is an insurance plan that
will pay your surviving spouse a monthly payment (annuity) to help make up
for the loss of your retirement income.The plan is designed to protect your survivors against the risks of:
-
Your early death;
-
Your survivor outliving the benefits;
and
-
Inflation.
How SBP Works
At retirement, full basic SBP for spouse and children will take effect
automatically if you make no other valid election. You may not reduce or decline spouse coverage without your spouse's
written consent. This means you
will have to have your spouse’s input in the decision and his or her
signature is required. You may
choose coverage for a former spouse or, if you have no spouse or children,
you may be able to cover an "insurable interest" (such as, a business
partner or parent).
Effective October 1, 2008, SBP participants who reach 70 years of age and
have made 360 payments (30 years), will no longer have to pay premiums for
continued SBP coverage and will be placed in "Paid-up SBP" status.
These links can help
you in ESTIMATING your retired pay and the cost of SBP
Retired Pay Calculator
(Active Duty)
Retired Pay Calculator
(Reserve)
SPB Calculator
(Active Duty)
SPB Calculator
(Reserve)
Burial and Memorial Benefits
Education Benefits
Post 9/11 GI Bill
Health Care Eligibility
Home Loan Guaranty
Life Insurance
Mental Health
Returning Veterans
Veterans Employment and Training
Veterans Preference
Voc. Rehabilitation
& Employment
VA Home Page
Federal Benefits for Veterans, Dependents &
Survivors
Veterans Service Organization Directory
For the most up to date
information regarding the above topics, please visit the website provided.
Veteran's State Benefit Information - D1
CT:
http://www.state.ct.us/ctva/
MA:
http://www.state.ma.us/veterans/
ME:
http://www.maine.gov/dvem/bvs/benefits.htm
NH:
http://webster.state.nh.us/nhveterans/
NJ:
http://www.state.nj.us/military/veterans/
NY:
http://veterans.ny.gov/
RI:
http://www.dhs.ri.gov/Veterans/VeteransServices/tabid/307/Default.aspx
VT:
http://www.va.state.vt.us/
Tricare - Medical insurance for military families and retirees