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.
* Requires a buy in for any period in which the NIP premiums were not paid.
* Provides a two-year open season for member if NIP dies prior to enactment.
* Provides a six-month election period for member if NIP died after enactment