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.
12/7/2023, 5:06 PMSummary of Bill S 2505
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.
Congressional Summary of S 2505
This bill requires the Department of Defense to report to Congress on the effect of the phase-out of the reduction of the Survivor Benefit Plan annuities by the amount of Dependency and Indemnity Compensation received by survivors.
Current Status of Bill S 2505
Bill S 2505 is currently in the status of Bill Introduced since July 26, 2023. Bill S 2505 was introduced during Congress 118 and was introduced to the Senate on July 26, 2023. Bill S 2505's most recent activity was Read twice and referred to the Committee on Armed Services. as of July 26, 2023Bipartisan Support of Bill S 2505
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 2505
Primary Policy Focus
Armed Forces and National SecurityAlternate Title(s) of Bill S 2505
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.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.Comments
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Sponsors and Cosponsors of S 2505
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