SBP Benefits Improvement Act of 2001

Senate Bill 145 - SBP Benefits Improvement Act of 2001: Overview, Status, and Impact

Hozzl · 2023-01-16T22:48:16Z

Explore the details of Senate Bill 145 SBP Benefits Improvement Act of 2001 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Armed Forces and National Security. Stay informed on legislative developments.

1/16/2023, 10:48 PM

Congressional Summary of S 145

SBP Benefits Improvement Act of 2001 - Amends Federal provisions concerning the military Survivor Benefit Plan (SBP) to adjust the basic SBP annuity amount for surviving spouses age 62 or over of former military personnel to: (1) 35 percent of the retired pay of the decedent, for months beginning on or before the enactment of this Act (current law); (2) 40 percent of such pay, for months beginning after such date and before October 2004; (3) 45 percent, for months beginning after September 2004; and (4) 55 percent, for months beginning after September 2011.

Adjusts similarly the authorized percentage amounts of SBP supplemental annuity authorized for such spouses.

Directs the Secretary of Defense to ensure appropriate adjustments in the computation of retired pay deductions for such supplemental annuities made necessary by this Act.

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Current Status of Bill S 145

Bill S 145 is currently in the status of Bill Introduced since January 23, 2001. Bill S 145 was introduced during Congress 107 and was introduced to the Senate on January 23, 2001. Bill S 145's most recent activity was Sponsor introductory remarks on measure. (CR S5766-5767) as of June 19, 2002

Bipartisan Support of Bill S 145

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 145

Primary Policy Focus

Armed Forces and National Security

Potential Impact Areas

- Annuities

- Families

- Labor and Employment

- Military pensions

- Survivors' benefits

- Widowers

- Widows

- Women

Alternate Title(s) of Bill S 145

SBP Benefits Improvement Act of 2001

A bill to amend title 10, United States Code, to increase to parity with other surviving spouses the basic annuity that is provided under the uniformed services Survivor Benefit Plan for surviving spouses who are at least 62 years of age, and for other purposes.

SBP Benefits Improvement Act of 2001