Paid-up SBP by ProQuest

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     Restore the Readiness of the Na-             ism. President Obama and Vice Presi-
                                                                                               Paid-up SBP

                                                                                               S
     tional Guard and Reserves                    dent Biden will renew alliances and en-               tarting in October 2008, retir-
         Equip, Support, and Modernize            sure that our allies contribute their fair            ees who paid into the Survi-
     the National Guard and Reserves:             share to our mutual security.                         vor Benefit Plan (SBP) for 30
     President Obama and Vice President              Organize to Help Our Partners             years will no longer be required to pay
     Biden will provide the National Guard        and Allies in Need: The Obama–               premiums as long as they are 70 years
     with the equipment it needs for foreign      Biden Administration will expand hu-         or older. The change has caused some
     and domestic emergencies and the time        manitarian activities that build friend-     confusion among those retired from
     to restore and refit before deploying.       ships and attract allies at the regional     the Guard and Reserve.
     They will make the head of the National      and local level (such as during the              The original bill was passed in 1998
     Guard a member of the Joint Chiefs of        response to the tsunami in South and         for a survivor’s plan that originated in
     Staff to ensure that concerns of our Cit-    Southeast Asia), and win hearts and          1972. The law requires that 360 pre-
     izen Soldiers reach the level they man-      minds in the process.                        mium payments be made. The program
     date. They will ensure that Reservists       Reform Contracting                           was designed so that retirement pay
     and Guard members are treated fairly             Create Transparency for Military         was reduced by a designated amount.
     when it comes to employment, health,         Contractors: President Obama and             While Active Duty participants begin
     and education benefits.                      Vice President Biden will require the        receiving retirement pay immediately
                                                  Pentagon and State Department to de-         after leaving the service, Guard and Re-
     Develop Whole of Government                  velop a strategy for determining when        serve retirees don’t receive retirement
     Initiatives to Promote Global                contracting makes sense, rather than         pay until age 60. Reserve Component
     Stability                                    continually handing off governmen-           retirees will not be paid up until age 90,
         Integrate Military and Civilian          tal jobs to well-connected companies.        just as Active members who retire after
     Efforts: The Obama–Biden Admin-              They will create the transparency and        age 40 will have to pay 360 payments.
     istration will build up the capacity of      accountability needed for good gover-            The confusion arises because indi-
     each non-Pentagon agency to deploy           nance, and est
								
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