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H.R. 553, Military Surviving Spouses Equity Act (CBO Report for Congress)

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Congress 116th
Date Requested Jan. 15, 2019
Date Sent June 25, 2019
Description:
The bill would Permit surviving spouses of deceased veterans who are eligible for Survivor Benefit Plan (SBP) annuities and Dependency and Indemnity Compensation (DIC) to receive the full amount of both of those benefits Eliminate the Special Survivor Indemnity Allowance that is available to surviving spouses who have SBP annuities reduced by the amount of their DIC Eliminate the refund of SBP premiums that are paid to surviving spouses whose SBP payments are reduced Eliminate the optional SBP annuities paid to dependent children of service members who died on active duty and restore the SBP annuities to the surviving spouses of those service members Estimated budgetary effects would primarily stem from Increasing net payments for the SBP program by $5.7 billion Increasing accrual payments from the Department of Defense by $2.8 billion Areas of significant uncertainty include Accurately estimating the number of surviving spouses who receive SBP payments that will be reduced under current law

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