MARADMINS : 084/03
R 281135Z FEB 03
FM CMC WASHINGTON DC(n)
TO ML MARADMIN(n)
MARADMIN
BT
UNCLAS
MARADMIN 084/03
MSGID/GENADMIN/CMC WASHINGTON DC/MPO-40//
SUBJ/UPDATE FOR SAVINGS DEPOSIT PROGRAM (SDP) - OPERATION
/ENDURING FREEDOM//
REF/A/DOC/ASD FMP MEMO/24FEB2003//
REF/B/DOC/ASD FMP MEMO/26NOV2001//
REF/C/DOC/DODFMR VOL 7A, CHAPTER 51/-//
REF/D/MSG/CMC/20DEC2001//
NARR/REF A UPDATES ELIGIBILITY FOR MEMBERS SERVING IN SUPPORT OF
OPERATION ENDURING FREEDOM. REF B AUTHORIZES THE SDP FOR MEMBERS
SERVING IN SUPPORT OF OPERATION ENDURING FREEDOM. REF C IS THE
GOVERNING INSTRUCTION FOR SDP. REF D IS MARADMIN 623/01.//
POC/C.D. MCCLOSKEY/MAJ/COML 703-784-9387/-/TEL:DSN 278-9387/-//
GENTEXT/REMARKS/-//
RMKS/1. THIS MARADMIN PROVIDES AN UPDATE TO REF D. EFFECTIVE
1 FEB 03, SDP ELIGIBILITY IS EXPANDED TO ANY MEMBER SERVING
OUTSIDE THE UNITED STATES OR ITS POSSESSIONS IN SUPPORT OF
OPERATION ENDURING FREEDOM, AND SERVING IN AN AREA THAT HAS BEEN
DESIGNATED A COMBAT ZONE OR IS IN DIRECT SUPPORT OF A COMBAT ZONE
AFTER THE MEMBER HAS SERVED IN THAT ASSIGNMENT FOR AT LEAST 30
CONSECUTIVE DAYS, OR AT LEAST ONE DAY FOR EACH OF THREE
CONSECUTIVE MONTHS.
2. REF B REMAINS IN EFFECT AND MEMBERS MADE ELIGIBLE BY THAT
MEMORANDUM MAY CONTINUE TO PARTICIPATE IN THE PROGRAM.
3. SDP ALLOWS MEMBERS TO EARN TEN PERCENT INTEREST PER YEAR,
COMPOUNDED QUARTERLY (2.5% PER QUARTER). THE MAXIMUM AMOUNT THAT
MAY BE DEPOSITED IS $10,000. ELIGIBLE MARINES SHOULD CONTACT
THEIR SERVICING DISBURSING OFFICE OR ADMINISTRATIVE UNIT IN ORDER
TO PARTICIPATE. REF C CONTAINS CURRENT LISTING OF QUALIFIED AREAS
AS WELL AS ELIGIBILITY INFORMATION.
4. REF C IS IN THE PROCESS OF BEING UPDATED AND, UNTIL FINAL
REVISION
IS PUBLISHED, REMAINS THE GOVERNING REGULATION, EXCEPT AS NOTED
ABOVE.
5. MCTFS REPORTING INSTRUCTIONS, REQUIREMENTS AND OTHER
ADMINISTRATIVE DETAILS WILL BE PUBLISHED BY DFAS-PMMP/KC PAAN/RPAAN
MESSAGE.//