that the the authorization activity military trustee is not acceptable as a VA forwards the fiduciary hub’s report with fiduciary, or the waiver to the applicable service already-appointed department, and military trustee is no longer requests that the service department willing to serve as the VA recognize the proposed VA fiduciary as fiduciary the trustee with authority to waive certifies a new VA fiduciary, retirement pay. and advises the authorization activity as to why the military trustee not be recognized as a fiduciary recommends a supervised direct a military trustee or VA fiduciary is still payment to the beneficiary required to elect or waive military retirement pay on the beneficiary’s behalf. Upon receipt of an election or waiver of military retirement pay from a e. Handling an Election or who was trustee by the military, prepare and furnish Waiver From a to the fiduciary hub to either VA Form 21-592 Spouse-Payee determine the suitability of the spouse-payee, or secure another fiduciary. f. Handling an Use the table below to determine the election or waiver requirements when a Election or service department appoints an institution as a Veteran’s trustee. Waiver From an Institutional Payee If the service Then the trustee may … department appoints a … director or or waive military retirement pay and apply for superintendent of a VA benefits. non-VA institution as the Veteran’s trustee Notes: The trustee may elect or waive VA benefits not until VA recognizes the trustee as the fiduciary. Authorization activity must refer VA Form 21-592 to the fiduciary hub for recognition of the fiduciary.
that the military trustee is not acceptable as a VA fiduciary, or already-appointed military trustee is no longer willing to serve as the VA fiduciary certifies a new VA fiduciary, and advises the authorization activity as to why the military trustee not be recognized as a fiduciary the authorization activity forwards the fiduciary hub’s report with the waiver to the applicable service department, and requests that the service department recognize the proposed VA fiduciary as the trustee with authority to waive retirement pay. recommends a supervised direct payment to the beneficiary a military trustee or VA fiduciary is still required to elect or waive military retirement pay on the beneficiary’s behalf. e. Handling an Election or Waiver From a Spouse-Payee Upon receipt of an election or waiver of military retirement pay from a who was trustee by the military, prepare and furnish VA Form 21-592 to the fiduciary hub to either determine the suitability of the spouse-payee, or secure another fiduciary. f. Handling an Election or Waiver From an Institutional Payee Use the table below to determine the election or waiver requirements when a service department appoints an institution as a Veteran’s trustee. If the service department appoints a … Then the trustee may … director or superintendent of a non-VA institution as the Veteran’s trustee or waive military retirement pay and apply for VA benefits. Notes: The trustee may not elect or waive VA benefits until VA recognizes the trustee as the fiduciary. Authorization activity must refer VA Form 21-592 to the fiduciary hub for recognition of the fiduciary.
11-19-15_Key%20Changes_M21-1III_v_5_SecA.docx