Scott AFB - Airman & Family Readiness Center
Scott AFB - Airman & Family Readiness Center

Note

This site is a public service by the Scott AFB, Airman & Family Readiness Center.

The presence of commercial and external hyperlinks doesn't constitute endorsement by the A&FRC, Scott AFB, AMC, the USAF, or the Department of Defense (DoD), of the external web site, or the information, products or services contained therein.

 

Eligibility Statement: DoD Personnel & families - including military members, all Service & Guard, Reserve, military retirees, DoD civilians, NAF personnel & immediate family members. Other uniformed services include US Coast Guard, National Oceanic & Atmospheric Administration, uniformed State Department personnel, Public Health Service personnel & members of units assigned or attached to a US installation.

 

 

Contact us at: aafrc@us.af.mil

Call us at: (618) 256-8668

Website is in partnership with: http://www.375fss.com/

 

 



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The Survivor Benefit Plan (SBP)

Your most important Air Force retirement decision

Important Points to Consider:

  • SBP is subsidized by the Federal Government, reducing your premiums.
  • Cost of living adjustments (COLAs) ensure the benefits to your survivors increase to keep pace with future inflation.
  • Premiums paid for the coverage are deducted before taxes (a tax savings to you).
  • Your spouse can never outlive the annuity.
Every retiring member must make a valid SBP election prior to retirement—see your SBP counselor.

 

Premiums and Annuity Spouse/Former Spouse

Premiums for spouse/former spouse coverage are normally 6.5% of the base amount elected.

However, premiums may vary according to when a member initially entered active duty or if a member elects a base amount less than their full gross retired pay. Your SBP counselor will explain other cost factors as they pertain to each individual. Annuity paid to the spouse/former spouse is 55% of the base amount elected.

Premiums for child only coverage are based on your age and the age of your youngest child at the time the coverage.

Child(ren)

Eligible children may be covered alone or may be included with spouse/former spouse coverage. Premium for including children with spouse coverage are based on your age, the age of your spouse, and the age of your youngest child at the time coverage becomes effective.

Premiums for child only coverage are based on your age and the age of your youngest child at the time the coverage becomes effective. The annuity payable to eligible child(ren), equal to 55% of the base amount, is equally divided between all eligible children. Insurable Interest Person See the SBP counselor for formula for computing both the premiums and annuity payable.

Insurable Interest Person

See the SBP counselor for formula for computing both the premiums and annuity payable.

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