[Code of Federal Regulations]
[Title 5, Volume 2]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR870.403]

[Page 410]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
          CHAPTER I--OFFICE OF PERSONNEL MANAGEMENT (CONTINUED)
 
PART 870_FEDERAL EMPLOYEES' GROUP LIFE INSURANCE PROGRAM--Table of Contents
 
                       Subpart D_Cost of Insurance
 
Sec.  870.403  Withholdings and contributions following a Living Benefit 

election.

    (a) Withholdings and contributions for Basic insurance for an 
individual who elects a full Living Benefit under subpart K of this part 
stop at the end of the pay period in which the Living Benefit election 
is effective.
    (b) Withholdings and contributions for Basic insurance for an 
employee who elects a partial Living Benefit under subpart K of this 
part are based on the post-election BIA. This reduction in withholdings 
and contributions starts at the end of the pay period in which the 
Living Benefit election is effective.
    (c) Withholdings and contributions for Basic insurance for an 
annuitant or compensationer who elected a partial Living Benefit as an 
employee are based on the post-election BIA.
    (d) There is no change in withholdings for Optional insurance for 
individuals who elect a Living Benefit.

[62 FR 48731, Sept. 17, 1997; 62 FR 52181, Oct. 6, 1997]