§ 1448a — Election To Discontinue Participation: One-year Opportunity After Second Anniversary Of Commencement Of Payment Of Retired Pay

(a) 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. (1) 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) 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) 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) 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) Section 1448(b)(1)(D) of this title applies to an election under subsection (a). (e) Section 1448(b)(1)(E) of this title applies to an election under subsection (a). (f) 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) 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) Paragraphs (4)(B) and (5)(C) of section 1448(a) of this title do not apply to prevent an election under subsection (a).