This website is provided for Classmates and their families to host news, views , and photographs of interest to the Class. To offer comments or suggestions contact the webmaster via email at willyaye@gmail.com

8/7/07

SBP Update

Effective October 1, 2008, SBP participants who reach 70 years of age and have made 360 payments (30 years), will no longer have to pay premiums for continued SBP coverage and will be placed in "Paid-up SBP" status. No action is required of SBP participants to be placed in Paid-up SBP status. Once the eligibility criteria has been met, the Defense Finance and Accounting Service will automatically stop deducting premiums from qualifying military retired pay accounts.

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