Update for Savings Deposit Program (SDP) - Operation Enduring Freedom
This MARADMIN expands eligibility for the Savings Deposit Program (SDP) to Marines serving outside the United States in support of Operation Enduring Freedom in combat zones or direct support areas, effective February 1, 2003. Eligible members can deposit up to $10,000 and earn 10% annual interest compounded quarterly after serving either 30 consecutive days or one day in each of three consecutive months in the designated area.
Issued: February 28, 2003
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.