Under current law, DIC provides a modest $1,233 a month ($14,796 a year, survivors who are eligible for both SBP and DIC must forfeit a dollar of their SBP annuity for every dollar of DIC received from the VA. Often, the offset wipes out the SBP annuity the military retiree paid for. In such cases, the survivor receives a proportional refund of SBP premiums – with no interest on what often has been many years of premium payments. How under current law, survivors who are eligible for both SBP and DIC must forfeit a dollar of their SBP annuity for every dollar of DIC received from the VA. This required offset will became quite a financial shock and devastating for survivors that left to carry on.
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