NAVADMINS TEST FOR PO1
Terms
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- A VOLUNTARY PERSONALSAVINGS/INVESTMENT PLAN THAT OFFERS MIILTARY SERVICEMEMBERS THE SAME TYPE OF SAVINGS AS A 401K PLAN IS CALLED WHAT?
- THRIFT SAVINGS PLAN
- INVESTMENTS AND EARNING ARE NOT TAXED WHEN MONEY IS WITHDRAWN FROM YOUR TSP ACCOUNT. TRUE OR FALSE?
- FALSE
- WHO AT WHAT LEVEL WILL PROVIDE ENROLLMENT INFORMATION AND PROGRAM DETAILS CONCERNING TSP?
-
COMMAND
FINANCIAL SPECIALIST - WHO IS ELIGIBLE TO PARTICIPATE IN THE TSP PROGRAM?
- OPEN TO ALL ACTIVE DUTY AND NAVAL RESERVIST IN ANY PAY STATUS
- WHEN IS THE ENROLLMENT PERIOD FOR TSP?
- 15 MAY-31 JULY AND 15 NOV-31 JAN
- THE TSP IS TIED TO THE MILITARY RETIREMENT SYSTEM. TRUE OR FALSE?
- FALSE
- HOW ARE CONTRIBUTIONS MADE TO TSP?
- THROUGH DIRECT DEPOSIT FORM PRE-TAX DOLLARS
- AS LONG AS MEMBERS ARE CONTRIBUTING FROM THEIR BASIC PAY TO TSP, THEY MAY ALSO CONTRIBUTE FROM WHAT PAYS?
- BONUSES, SPECIAL OR INCENTIVE PAYS
- YOUR PAGE 2 IS ALSO KNOWN AS WHAT?
- DEPENDENCY APPLICATION/RECORD OF EMERGENCY DATA
- PART 1 PAGE 2 OF YOUR SEVICE RECORD IS AN APPLICATION FOR WHAT?
- DEPENDENCY ALLOWANCE THAT DOCUMENTS FAMILY MEMBER DATA
- PART II OF THE PAGE 2 ASK YOU TO LIST WHOM?
- THOSE PERSONS THAT YOU WANT NOTIFIED IN CASE OF EMERGENCY/DEATH, AS WELL AS WHO WILL RECEIVE YOUR DEATH GRATUITY AND UNPAID ALLOWANCES.
- THE SGLV 8286 FORM IS USED TO DESIGNATE WHAT?
- SGLI BENEFITS IN THE EVENT OF DEATH
- WHERE IS YOUR PAGE 2 AND 8286 FORM FILED?
- IN YOUR SERVICE RECORD AND AT YOUR LOCAL PSD OR PERSONNEL OFFICE AND IN YOUR PERMANENT PERSONEL RECORD AT BUPERS
- AT LEAST AN ANNUAL REVIEW OF YOUR PAGE 2 IS RECOMMENDED. TRUE OR FALSE
- TRUE
- WHAT REASONS SHOULD YOU UPDATE YOUR PAGE 2?
-
FAMILY MEMBER STATUS OR NUMBER OF FAMILY MEMBERS.
NAME OR ADDRESS OF A FAMILY MEMBER
NEXT OF KIN OTHER THAN AN IMMEDIATE FAMILY MEMBER.
CITIZENSHIP OF SPOUSE.
RELIGION.
LOCATION OF WILLS OR OTHER VALUABLE DOCUMENTS. - TO CHANGE THE BENEFICIARY OF YOUR LIFE INSURANCE BENEFITS, YOU MUST FILL OUT A NEW ____?
- SGLV 8286
- WHEN FILLING OUR SGLV 8286, THE TERM "BY LAW" MAY LONGER BE USED. HOW MUST YOU DESIGNATE YOUR BENEFICIARY.
- BY NAME (I.E. JOHN DOE OR SPOUSE)
- PERSONNEL WHO ARE RETIREMENT ELIGIBLE OR WHO ARE DEATH IMMINENT BUT RETIRED/RETAINED AND HAVE NOT INDICATED THEIR SBP COVERAGE ELECTION ARE AUTOMATICALLY ENROLLED FOR WHAT COVERAGE?
- SPOUSE ONLY
- IF YOU DESIGNATE CHILD(REN) ONLY ON YOUR SURVIVOR BENIFIT PLAN (SBP), YOUR CHILDREN WILL RECEIVE ______ AND YOUR SPOUSE WILL RECEIVE_______.
-
CHILDREN WIL RECEIVE THE SBP.
SPOUSE WILL RECEIVE DEPENDENCY AND INDEMNITY COMPENSATION. - IN THE REMARKS COLUMN OF PART II, PAGE 2 YOU CAN LIST WHAT?
- COMMERCIAL INSURANCE POLICIES AND TO IDENTIFY YOUR BENEFICIARIES.
- THE TOTAL AMOUNT OF MONIES YOU CONTRIBUTE TO TSP EACH YEAR CAN NOT EXCEED THE INTERNAL REVENUE CAP SET FOR THE CURRENT YEAR. TRUE OR FALSE
- TRUE