2023 Survivor Benefit Plan (SBP) Open Season for Military Service
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…