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This bill establishes an open enrollment period for the military Survivor Benefit Plan (SBP) from the date of enactment through December 31, 2025. Retired and former military members who did not previously enroll in SBP would be allowed to elect coverage during this period, with premiums calculated to include back-pay reductions, interest, and actuarial adjustments. Current SBP participants could also use the open season to change beneficiaries or discontinue coverage (subject to beneficiary consent requirements).
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