Military Retiree Survivor Comfort: Overpayment Forgiveness After Death
New rules aim to ease the burden on military families. If military retired pay was deposited into a joint account after the retiree's death, the overpayment will be forgiven or offset against future benefits for the beneficiary. This measure seeks to prevent unexpected financial strain on surviving family members.
Key points
Forgiveness or offset of military retired pay overpayments for families after a retiree's death.
Applies to electronic payments made to joint accounts where the beneficiary is a co-owner.
Effective for individuals who die on or after the act's enactment date.
Expired
Citizen Poll