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U.S. Code as of:
01/19/04
Section 1448a. Election to discontinue participation: one-year opportunity after second anniversary of commencement of payment of retired pay
(a) Authority. - A participant in the Plan may, subject to the
provisions of this section, elect to discontinue participation in
the Plan at any time during the one-year period beginning on the
second anniversary of the date on which payment of retired pay to
the participant commences.
(b) Concurrence of Spouse. -
(1) Concurrence required. - A married participant may not
(except as provided in paragraph (2)) make an election under
subsection (a) without the concurrence of the participant's
spouse.
(2) Exceptions. - A participant may make such an election
without the concurrence of the participant's spouse by
establishing to the satisfaction of the Secretary concerned that
one of the conditions specified in section 1448(a)(3)(C) of this
title exists.
(3) Form of concurrence. - The concurrence of a spouse under
paragraph (1) shall be made in such written form and shall
contain such information as may be required under regulations
prescribed by the Secretary of Defense.
(c) Limitation on Election When Former Spouse Coverage in Effect.
- The limitation set forth in section 1450(f)(2) of this title
applies to an election to discontinue participation in the Plan
under subsection (a).
(d) Withdrawal of Election To Discontinue. - Section
1448(b)(1)(D) of this title applies to an election under subsection
(a).
(e) Consequences of Discontinuation. - Section 1448(b)(1)(E) of
this title applies to an election under subsection (a).
(f) Notice to Affected Beneficiaries. - The Secretary concerned
shall notify any former spouse or other natural person previously
designated under section 1448(b) of this title of an election to
discontinue participation under subsection (a).
(g) Effective Date of Election. - An election under subsection
(a) is effective as of the first day of the first calendar month
following the month in which the election is received by the
Secretary concerned.
(h) Inapplicability of Irrevocability Provisions. - Paragraphs
(4)(B) and (5)(C) of section 1448(a) of this title do not apply to
prevent an election under subsection (a).
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