DODD 7000.14-R VOL 7B CHAP 43

Abstract

ELECTIONS IN GENERAL <br>All Elections <br>All Plan elections must be in writing, signed, and properly witnessed, if required. All elections are irrevocable unless otherwise provided by law. <br>Standard Survivor Benefit Plan (SBP) Elections <br>In the case of a member electing a standard SBP annuity, the member must make such election before retired pay becomes payable, or if there is no eligible beneficiary at that time, within 1 year of acquiring an eligible beneficiary. <br>Reserve Component SBP (RC-SBP) Elections <br>In the case of a member electing a Reserve Component annuity, the member must designate either an immediate or deferred annuity. The beneficiary of a Reserve Component member who elects an immediate annuity or who dies while eligible to make such an election shall have that annuity commence the day following the death of the member. In the case of a member electing a deferred annuity, the annuity shall commence either on the date the member would have turned 60 years old, or the day following the member's death, whichever is later. <br>Special Rules Concerning Elections <br>A. In the case of a member electing SBP or RC-SBP coverage for a spouse who was not married to the member at the time the member became eligible for retired pay, the surviving spouse must have been married to the member for at least 1 year immediately prior to the member's death or be the parent of issue by that marriage to be an eligible beneficiary. <br>B. A member who did not elect child coverage for a dependent child, either at the time of becoming eligible for retired pay (if applicable) or within 1 year of acquiring the first dependent child, may not elect child coverage for subsequently acquired children unless otherwise provided by law. <br>C. A member who elected insurable interest coverage under Chapter 42, paragraph 420303 may, upon death of such beneficiary, elect to cover a new beneficiary who is a natural person with an insurable interest in the member. Such an election must be made prior to the end of the 180-day period beginning on the date of the death of the previous beneficiary and requires the member to pay, if applicable, an additional amount equal to the difference in the amount of the reduction in the member's retired pay for the previous beneficiary and the reduction in retired pay that would have been made had the previous beneficiary not died and been a covered beneficiary through the date of the new election. Such amount shall be computed as if the previous beneficiary had been the same number of years younger than the member (if any) as the new beneficiary. <br>D. In the case of a member who is already participating in the Plan and elects to change spouse coverage or spouse and child coverage to former spouse coverage or former spouse and child coverage, any such election terminates any previous coverage under the Plan.