Southwest Oklahoma MOAA
Southwest Oklahoma MOAA Southwest Oklahoma MOAA
Member Login    News    Support our Charities    Photos    Event Calendar    Search        
Southwest Oklahoma MOAA



Recent News:
(Published in last 30 days)


Southwest Oklahoma MOAA
GOFUMDME Transport 2 reproduction Civil War Cannon to Fort Blakeley State Park, AL

MacArthur JROTC Update

2023 Cameron University SROTC MOAA Awards Presentation

This Story Expires on: 05/31/23
Army Emergency Relief (AER) Campaign March 1 May 15

This Story Expires on: 03/31/23
Cameron University Concert Band, 77th Army Band team up to present 'Oklahoma Connections'

Chapter Members Birthdays, March 2023

This Story Expires on: 03/25/23
What SECURE Act 2.0 Means for Your Retirement

TAP Virtual Hiring Event

MOAA Representative Visit to September 13, 2023 Chapter Luncheon

SWOK MOAA Auxiliary 28 February and 28 March Luncheon Invitation

Help Needed for the Military Welcome Center

Chapter Members Birthdays February 2023

Fires Symposium 1 4 May

Delayed Re opening of Fort Sill's Bentley Gate

This Story Expires on: 04/01/23
State of Fort Sill Address

'Widows Tax’ Will Be Completely Gone as of February 1, 2023

Volunteers for Wreaths Across America Recovery

Shared Advocacy

President's Update 11 January 2023

Nov 2022 GMM Guest Speaker Presentation

Chapter Member Birthdays January 2023

Presidents Update December 2022

Chapter Member Birthdays December 2022

New Veterans Crisis Line Number

Chapter Member Birthdays November 2022

Gift Presentation to the Cameron University ROTC

Spaghetti Dinner and Silent Auction

2023 Medicare Part B Rates Announced

Making the National Newsletter

SBP DIC Offset Elimination

Chapter Member Birthdays September 2022

President's Update August 2022

Fort Sill National Cemetery Update

Chapter Member Birthdays August 2022

Chapter Member Birthdays July 2022

Chapter Maintenance Support of Abandoned Cemetery

2022 High School and Cameron University Scholarship Winners

Chapter Member Birthdays June 2022

United States Field Artillery Association Hall of Fame

SB 401 Income Tax Exemption for Military Retirement Signed 26May22

UPDATE 2021 Col. Marvin J. Harris Communications Award Winner

Presidents Update, April 30, 2022

Chapter Member Birthdays May 2022

Preparing for Storm Season

Social Security Restores In Person Services April 7, 2022

Chapter Member Birthdays April 2022

2022 State of the Chapter

Presidents Message and Chapter 2022 Goals and Objectives

Medicare Premiums Rise

Erin Stone 10 Nov GMM Presentation

Cameron University Veteran Resource Fair, November 8 9, 2021

Cameron University Veterans Day Activities

President's Update 9 October 2021

Chapter Fundraiser Update

President's Message Spaghetti Dinner and Silent Auction

DoD ID Card Extensions

27 May 21 Annual Membership Meeting "MOAA Vacations"

Chapter Members Placing Flags at Fort Sill National Cemetery in Elgin, OK

Date Posted:05/28/21
Lawton Couple Named Oklahoma Veteran Family of the Year

New President's Message May 2021 Update

Cameron ROTC Commissioning

Vet Center Donation Thanks

Date Posted:05/02/21
2021 Oklahoma Veterans Council Award Recipients

COVID 19 Funeral Assistance UPDATE 4APR21

FDA Lifts Ban on Blood Donations Based on Past European Service

The next phase of the SBP/DIC phase out is here!

Indefinite ID Cards at Age 65 for Spouses of Retirees

VA Appeals What to Expect

Vaccine News Continues to be Better Than Many People Realize

Proposed Oklahoma Veteran Related Legislation

MOAA Letter to President Biden

All News by Post Date

Southwest Oklahoma MOAA
Thought for the Week...

The power of excellence is overwhelming.  It is always in demand and nobody cares about its color.  GEN (Ret) Daniel S. "Chappie" James  

Breaking News   
Register for News Story Emails

The next phase of the SBP/DIC phase out is here!




By Patty Cruz, Army Survivor Benefit Plan Program Manager

If you are a surviving spouse eligible for both the Survivor Benefit Plan (SBP) Annuity and the Dependency and Indemnity Compensation (DIC) from the Department of Veterans Affairs (VA) this applies to you and you will want to pay close attention to what follows.

The National Defense Authorization Act for Fiscal Year 2020 phases out the SBP offset by DIC over a course of three years. Starting January 1, 2023, the offset will be eliminated. The first reduction of the offset has started and some surviving spouses should see an increased SBP annuity payment this month.

What does this really mean?

If you are a surviving spouse eligible for both SBP and DIC you will always get paid the full DIC amount from the VA. The SBP annuity amount however, is offset or reduced by the DIC amount. If the SBP annuity amount is greater than the DIC amount, then you will receive the difference from DFAS plus the Special Survivor Indemnity Allowance (SSIA). DFAS pays out SSIA to surviving spouses who have their SBP annuity offset by DIC. If your SBP annuity amount is less than the DIC amount, then you will only receive the SSIA from DFAS. The new law reduces the amount deducted from your SBP annuity, so depending on the SBP annuity you are eligible for, you may start seeing more of the SBP annuity starting now. Some surviving spouses will not see an increase until 2022 or even 2023 when the offset is eliminated.

What does the phase out of the offset look like?

Starting this year, the deduction to your SBP annuity is reduced and depending on how much SBP annuity you are eligible for it may mean more money in your pocket today. Again, for some, you will not see more money until next year or even 2023. How do you know which category you fall into? The Defense Finance and Accounting Service (DFAS) sent out letters in early December 2020 to each surviving spouse affected by this law change. The letter outlines your specific estimate. Remember, that your situation is different from others and the amounts will be different for everyone. For more information check out:

Elimination of the SBP-DIC Offset Video - https://vimeo.com/454768396

DFAS: https://www.dfas.mil/retiredmilitary/survivors/SBP-DIC-News/ •

Military One Source: https://www.militaryonesource.mil/media/news-and-releases/phase-out-of-the-sbp-dic-offsetfrequently-asked-questions/

Defense.gov: https://militarypay.defense.gov/Benefits/Survivor-Benefit-Program/

 DoD Office of Financial Readiness: https://finred.usalearning.gov/

 





Return to News Stories
Southwest Oklahoma MOAA

Southwest Oklahoma MOAA

· Copyright ©2023 Southwest Oklahoma MOAA P.O. Box 2183 Lawton OK 73502 ·
· Contact Southwest Oklahoma MOAA · Editorial and Privacy Policies · Webmaster · Browser and Email Settings ·