Forgiveness of Military Retired Pay Overpayments to Grieving Families.
This Act protects the families of deceased service members from the immediate burden of repaying military retired pay overpayments deposited into a joint account after the date of death. It mandates the forgiveness of such overpayments or allows for an offset mechanism, providing financial relief during a difficult time. These changes apply to payments made to individuals who die on or after the date the Act is enacted.
Key points
Overpayments of military retired pay deposited into a joint account after the recipient's death will be forgiven by the Secretary of Defense.
If the deceased was covered by the Survivor Benefit Plan (SBP), the overpayment may be offset by reducing the first 12 annuity payments to the beneficiary by one-twelfth of the overpayment.
The law applies to payments made to individuals who die on or after the enactment date, ensuring immediate support for affected military families.
Expired
Additional Information
Print number: 118_HR_3232
Sponsor: Rep. Garamendi, John [D-CA-8]
Process start date: 2023-05-11