[Code of Federal Regulations]
[Title 5, Volume 2]
[Revised as of January 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR870.704]

[Page 403]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
          CHAPTER I--OFFICE OF PERSONNEL MANAGEMENT (Continued)
 
PART 870--FEDERAL EMPLOYEES' GROUP LIFE INSURANCE PROGRAM--Table of Contents
 
                Subpart G--Annuitants and Compensationers
 
Sec. 870.704  Amount of Option A.

    (a) The amount of Option A coverage an annuitant or compensationer 
can continue is $10,000.
    (b) An annuitant's or compensationer's Option A coverage reduces by 
2 percent of the original amount each month up to a maximum reduction of 
75 percent. This reduction starts at the beginning of the 2nd month 
after the date the insurance would otherwise have stopped or the 
beginning of the 2nd month after the date of the insured's 65th 
birthday, whichever is later.

[64 FR 72463, Dec. 28, 1999]