All Information (Except Text) for S.451 - Military Survivor Benefits Improvement Act of 2003108th Congress (2003-2004)
|Sponsor:||Sen. Snowe, Olympia J. [R-ME] (Introduced 02/26/2003)|
|Committees:||Senate - Armed Services|
|Latest Action:||Senate - 02/26/2003 Read twice and referred to the Committee on Armed Services. (All Actions)|
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Short Titles - Senate
Short Titles as Introduced
Military Survivor Benefits Improvement Act of 2003
Actions Overview (1)
|02/26/2003||Introduced in Senate|
02/26/2003 Introduced in Senate
All Actions (2)
|02/26/2003||Read twice and referred to the Committee on Armed Services.|
Action By: Senate
|02/26/2003||Sponsor introductory remarks on measure. (CR S2842)|
Action By: Senate
02/26/2003 Read twice and referred to the Committee on Armed Services.
02/26/2003 Sponsor introductory remarks on measure. (CR S2842)
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Armed Services||02/26/2003||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
Latest Summary (1)
Shown Here:Military Survivor Benefits Improvement Act of 2003 - Adjusts the basic Survivor Benefit Plan (SBP) annuity amount for surviving spouses, age 62 and older, of former military personnel to: (1) 35 percent of the retired pay of the decedent (current law), for months before October 2004; (2) 40 percent for months during FY 2005; (3) 45 percent for months during FY 2006; (4) 50 percent for months during FY 2007; and (5) 55 percent for months after FY 2007. Adjusts similarly percentage amounts with respect to survivors of reserve personnel and survivors of persons who die while on active duty. Provides a corresponding phased elimination of the SBP supplemental annuity authorized to be provided to such surviving spouses. Requires periodic recomputation of: (1) annuity amounts beginning in October 2004; and (2) retired pay reductions for supplemental survivor annuities.
Introduced in Senate (02/26/2003)
Provides a one-year open enrollment period for SBP participation, commencing October 1, 2004, for those currently not participating, those electing to increase current coverage, and those wishing to participate in the supplemental SBP.
Authorizes the Secretary of Defense to require appropriate premiums for SBP participation.