Dd 2656-1 Form 2020-2024

Dd 2656-1 Form: What You Should Know

A retiree may not change his or her coverage unless he or she determines that coverage under the retirement plan would no longer meet certain medical or financial needs, would compromise the pension, or is more prudent under general economic conditions. Please Note: NOTE: Under the Military Family Policy Act of 2014, a retired member who was married within the previous month or who has been married for less than a year, has his or her coverage changed if he or she is divorced or separate, is in a new domestic partnership (regardless of marital status if the foreign partner was the spouse or former spouse of the U.S. member), or has been legally separated for two years or more. The retirement plan must be a plan under which payment may be made on an actuarially-based basis based on the retired member's actual service-connected disability benefit, with no retirement pay subject to income tax. There must be no more than 2,500 dependent children under age 21 on active duty, who were born during the active service of the retired member, as indicated in a DD Form 2656-1, SVP Election Statement for Former Spouse. (The number of dependent children under age 21 is based on the member's age on the effective date of the election, unless the retired member attains age 65 or older.) 10. DEFINITIONS: An individual is eligible to become a retired member if he or she receives at least 5 years of active duty service, has served at least 3 years of active duty, was an enlisted member under the terms of the retired member program, and has separated or separated under other than honorable conditions. Eligibility for coverage under other than honorable conditions is also contingent upon the retirement member's age. Retirement members who are members of the reserve components of the Armed Forces or of the commissioned corps of the National Oceanic and Atmospheric Administration or former members of the Reserve components who have no retirement-eligible years or are not eligible for pension benefits from those services or the National Oceanic and Atmospheric Administration shall be classified as members of the Regular Active Forces unless otherwise stated in this instruction or in instructions to service representatives. An individual eligible for coverage under the retirement plan is not subject to reduction because of his or her age if he or she has not attained age 62.

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