Washington, D.C.— Iowa Congressman Steve King today voted in favor of a bill allowing thousands of military survivors to receive increased annuities under the Survivor Benefit Plan, also known as "The Widow's Tax." The SBP provision was included in H.R. 4200, the Fiscal Year 2005 National Defense Authorization Act, which passed the House today.

"The Widow’s Tax, depriving the families of U.S. soldiers of the funds they rightfully deserve, is outright unfair,” said King.  “When our troops serve, their families serve too.  It’s time to give them what they’re due, instead of cutting off much of their benefits when they turn 62.” 

The provision included in H.R. 4200 will: 

Eliminate the Social Security offset under the Survivor Benefit Plan and increase the annuities paid to survivors of military retirees who are 62 or older from 35 percent of retired pay to the percentages indicated for the following periods:

(1)        For months after September 2005 and before April 2006:  40 percent

(2)        For months after March 2006 and before April 2007:  45 percent

(3)        For months after March 2007 and before April 2008:  50 percent

(4)        For months after March 2008: 55 percent

In the 1970's and 80's, enrollees were not informed of the sharp drop in benefits, and the unexpected loss of income was often financially devastating.

"As Memorial Day approaches and we continue to fight the War on Terror, it is crucial that we send the message to our troops that we’re grateful for their service, and we will make good on our promises,” concluded King.

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