A bill to require a report on the effect of the phase-out of the reduction of Survivor Benefit Plan survivor annuities by the amount of dependency and indemnity compensation.

Bill 118 s 2505, also known as the Survivor Benefit Plan (SBP) Enhancement Act, is a piece of legislation that aims to require a report on the impact of the phase-out of the reduction of Survivor Benefit Plan survivor annuities by the amount of dependency and indemnity compensation (DIC).

The Survivor Benefit Plan is a program that provides monthly payments to the surviving spouses of deceased military retirees. However, under current law, these payments are reduced by the amount of DIC that the surviving spouse receives from the Department of Veterans Affairs. This reduction is known as the SBP-DIC offset.

The purpose of Bill 118 s 2505 is to assess the effects of phasing out this offset on surviving spouses who are eligible for both SBP and DIC benefits. The report required by this bill would analyze the financial impact on surviving spouses, as well as any potential changes in eligibility or benefits resulting from the phase-out of the offset. By requiring this report, lawmakers hope to gain a better understanding of how the SBP-DIC offset affects surviving spouses and to inform future policy decisions regarding survivor benefits for military families.