As an Army Reserve Retiree, How Do I Transfer Benefits to Dependents?
Q: I am Army Reserve Retired. After September 2001, I retired 6 months later. I would like to know what educational benefits can I qualify for my children?
A: Actually, you don’t have any educational benefits at all, if you have the Montgomery GI Bill – Selected Reserves (MGIB-SR), which is what you would have had as an Army Reservist. The way the MGIB-SR works is you have either 10 or 14 years (depending on when you joined) to use your education benefits while you are still a member of the Reserves. However, once you are out, your education benefits stop on your discharge date. Besides, the MGIB-SR does not have a benefits transfer option.
The only GI Bill having a transfer option is the Post 9/11 GI Bill. To transfer education benefits, you must have at least six years on active duty, commit to an additional four years and make the transfer while you are still on active duty. Once retired, you can’t make a new transfer, however, you still have the right to revoke or reallocate unused benefits to those already having transferred benefits.