![]() ![]() SBP for Spouses and DIC Benefits from the Department of Veterans' Affairs (VA)ĭependency and Indemnity Compensation (DIC) is a monetary benefit offered by the VA to survivors of service members and retirees whose death results from a service-related injury or disease. ![]() Please see our special focus webpage for Active Duty/Line of Duty survivors who requested the SBP Optional Child Annuity. Please see our SBP-DIC News webpage for details and Frequently Asked Questions about the SBP-DIC Offset Elimination. SBP provides up to 55 percent of a service member's retired pay to an eligible beneficiary upon the death of the member.Īfter the service member passes away, the SBP annuity is paid out monthly to the surviving spouse, or to the child or children of the member.Ĭheck Out Our New Survivor SBP Newsletter - October Issue Now Online!ĭFAS has a new Survivor SBP Newsletter! Check out the October issue, with a special article for surviving spouses who lost a loved one in the line of duty and chose the SBP Optional Annuity for Dependent Children, helpful information about the SBP-DIC Offset Phased Elimination, tips to make tax season easier, and more! We also have a downloadable PDF of the newsletter you can share with other survivors. Get it here: The percentage depends upon whether the member chooses full or reduced coverage at the time of election (generally at retirement or at 20-year qualification). The amount of the SBP benefit is a percentage of retired pay. ![]() The recipient of an SBP annuity is referred to as the annuitant. SBP provides eligible beneficiaries with a monthly payment known as an annuity. The Survivor Benefit Plan (SBP) provides financial support to military spouses and/or children when a military member dies while on duty or after retirement. ![]()
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