SURVIVOR BENEFIT PLAN

If you are receiving military retired pay and die, your former spouse does not continue to get her portion of your retirement.  The Survivor Benefit Plan (SBP), Reserve Component Survivor Benefit Plan (RC-SBP) and Retired Serviceman's Family Protection Plan (RSFPP) provide elegible beneficiaries with a form of benefit called an "annuity."  An annuity is a monthly payment for the lifetime of the beneficiary.  The premium for the annuity is significant and both the election of the annuity and the responsibility for the payment are often contentious issues in a divorce case.