The 2023 Survivor Benefit Plan (SBP) Open Season runs from December 23, 2022 to January 1, 2024. The open season was authorized by the 2023 National Defense Authorization Act.
The SBP allows retirees to ensure a lifetime annuity for their dependents after death. The annuity is based on a percentage of retired pay. The base amount ranges from $300 per month to the full retired pay.
The 2023 SBP Open Season enrollment is only for those eligible members who were not enrolled in SBP as of December 22, 2022.
The process starts with a Letter of Intent (LOI) to enroll. There are special forms to enroll or discontinue in accordance with the NDAA 2023 SBP Open Season law and processes.
If you discontinue your SBP coverage during the SBP Open Season, you cannot re-enroll in SBP coverage during the SBP Open Season.
For more information from DFAS:
Questions, contact Colorado military divorce attorney Marc Patoile at 303-688-3045.
