5 U.S.C. § 8704 — Group insurance; amounts
submitted 60 years ago by Pub. L. 89-554 to r/title-5-GOVERNMENT-ORGANIZATION-AND-EMPLOYEES · 459 words · no verdicts yet
This section sets eligible employees’ life-insurance amounts, accidental-death benefits, and rules for counting annual pay and pay changes.
(a) An eligible employee’s group life insurance equals the employee’s basic insurance amount multiplied by this age factor: age 35 or younger, 2.0; 36, 1.9; 37, 1.8; 38, 1.7; 39, 1.6; 40, 1.5; 41, 1.4; 42, 1.3; 43, 1.2; 44, 1.1; 45 or older, 1.0.
(b) Subject to Office-approved policy conditions, accidental-death and dismemberment insurance pays the full basic amount for loss of life, one-half for loss of one hand, one foot, or sight in one eye, and the full amount for loss of two or more such members. Payments for one accident cannot exceed the basic amount.
(c) The Office must regulate conversion of nonannual pay rates to annual rates and identify included pay. “Annual pay” includes premium pay under section 5545(c)(1), and, for a law-enforcement officer as defined in section 8331(20) or 8401(17), premium pay under section 5545(c)(2).
(d) For insurance calculations, a pay-rate change under subchapter VI of chapter 53 takes effect on the first day of the pay period after the period when payroll approves it. A change under section 5344 or 5349 takes effect on the order’s issue date or the increase’s effective date, whichever is later. If the employee dies or retires between the effective date and order date, the change is treated as effective during that period.
An employee eligible for insurance is entitled to be insured for an amount of group life insurance equal to—
the employee’s basic insurance amount, multiplied by
the appropriate factor determined on the basis of the employee’s age in accordance with the following schedule:
If the age of the employee is | The appropriate factor is: |
|---|---|
35 or under | 2.0 |
36 | 1.9 |
37 | 1.8 |
38 | 1.7 |
39 | 1.6 |
40 | 1.5 |
41 | 1.4 |
42 | 1.3 |
43 | 1.2 |
44 | 1.1 |
45 or over | 1.0. |
An employee eligible for insurance is entitled to be insured for group accidental death and dismemberment insurance in accordance with this subsection. Subject to the conditions and limitations approved by the Office of Personnel Management which are contained in the policy purchased by the Office, the group accidental death and dismemberment insurance provides payment as follows:
Loss | Amount payable |
|---|---|
For loss of life | Full amount of the employee’s basic insurance amount. |
Loss of one hand or of one foot or loss of sight of one eye | One-half the amount of the employee’s basic insurance amount. |
Loss of two or more such members | Full amount of the employee’s basic insurance amount. |
For any one accident the aggregate amount of group accidental death and dismemberment insurance that may be paid may not exceed an amount equal to the employee’s basic insurance amount.
The Office shall prescribe regulations providing for the conversion of other than annual rates of pay to annual rates of pay and shall specify the types of pay included in annual pay. For the purpose of this chapter, “annual pay” includes—
premium pay under section 5545(c)(1) of this title; and
with respect to a law enforcement officer as defined in section 8331(20) or 8401(17) of this title, premium pay under section 5545(c)(2) of this title.
In determining the amount of insurance to which an employee is entitled—
a change in rate of pay under subchapter VI of chapter 53 of this title is deemed effective as of the first day of the pay period after the pay period in which the payroll change is approved; and
a change in rate of pay under section 5344 or 5349 of this title is deemed effective as of the date of issuance of the order granting the increase or the effective date of the increase, whichever is later, except, that in the case of an employee who dies or retires during the period beginning on the effective date of the increase and ending on the date of the issuance of the order granting the increase, a change in rate of pay under either of such sections shall be deemed as having been in effect for such employee during that period.
Source credit: (Pub. L. 89–554, Sept. 6, 1966, 80 Stat. 593; Pub. L. 89–737, § 1(3), Nov. 2, 1966, 80 Stat. 1164; Pub. L. 90–206, title IV, § 401, Dec. 16, 1967, 81 Stat. 646; Pub. L. 92–392, § 11, Aug. 19, 1972, 86 Stat. 575; Pub. L. 95–454, title VIII, § 801(a)(3)(E), title IX, § 906(a)(2), (3), Oct. 13, 1978, 92 Stat. 1222, 1224; Pub. L. 96–427, § 2(b)–(d), Oct. 10, 1980, 94 Stat. 1831, 1832; Pub. L. 100–238, title I, § 103(b), Jan. 8, 1988, 101 Stat. 1744.)
- 1966Enacted · Pub. L. 89-554 · 80 Stat. 593
- 1966Amended · Pub. L. 89-737 · 80 Stat. 1164
- 1967Amended · Pub. L. 90-206 · 81 Stat. 646
- 1972Amended · Pub. L. 92-392 · 86 Stat. 575
- 1978Amended · Pub. L. 95-454 · 92 Stat. 1222, 1224
- 1980Amended · Pub. L. 96-427 · 94 Stat. 1831, 1832
- 1988Amended · Pub. L. 100-238 · 101 Stat. 1744
A history note hasn’t been published yet. The record shows enactment by Pub. L. 89-554 on 1966-09-06.
all 0 arguments · sorted by: best
no arguments yet — make the first case