| USSVI Veterans News
Posting Date: 04 February 2007 From: John Dudas NDAA 2007 Update #2 Completion of the 2007 NDAA and subsequent signature by the President established two modifications to existing benefits for retirees: 1. Members retiring on or after 1 JAN 07 will receive credit for years of active service beyond 30 years. This will permit computing retired pay percentage from 75 to 100% of the active duty pay. Members with Natural Interest Person (NIP) coverage under the Survivor Benefit Plan can elect a new NIP if the original NIP dies under the following guidelines: * Provides a two-year survival period to make the election fully effective. |