S. 145 — SBP Benefits Improvement Act of 2001

Summary

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.

Legislative Actions

2001-01-23

Introduced in Senate

2001-01-23

Sponsor introductory remarks on measure. (CR S457)

2001-01-23

Read twice and referred to the Committee on Veterans' Affairs.

2001-01-24

Senate Committee on Veterans' Affairs discharged by Unanimous Consent.

2001-01-24

Senate Committee on Veterans' Affairs discharged by Unanimous Consent.

2001-01-24

Referred to the Committee on Armed Services by unanimous consent.

2002-06-19

Sponsor introductory remarks on measure. (CR S5766-5767)

SBP Benefits Improvement Act of 2001

Sponsors

Subjects

Summary

Full Text

Related Legislation

Legislative Actions

Ask about this bill