Can the former spouse receive a lump sum payment from the Military?
No. Benefits are only paid on a monthly basis. 32. How long will payments be made to the former spouse from the Military Retirement System? Benefits will paid by the Military to a former spouse for the lifetime of the member. Therefore, upon the member’s death, all payments to the former spouse will stop. However, if the former spouse was awarded a survivor benefit plan annuity (SBP), then upon the death of the member, the survivor annuity will become payable to the former spouse. Return to the Top 33. Can a member have more than one person listed as the beneficiary for the survivor benefit plan annuity (SBP)? No. Only one person can be designated as the beneficiary for the survivor benefit plan annuity. Therefore, only one person can receive the entire survivor benefit plan. It is not possible to designate a former spouse as beneficiary for part of the survivor annuity and a new spouse as beneficiary for the remainder of the survivor annuity. 34. Are there any forms which must be comp
Related Questions
- What if one spouse does not want to pay maintenance to the other spouse for the next 5 years, but that spouse is willing to just give a lump sum payment right now. Can that be done?
- Can the former spouse receive a lump sum payment from the CSRS or FERS?
- Can the former spouse receive a lump sum payment from the Military?
