Page:United States Statutes at Large Volume 124.djvu/2078

 124 STAT. 2052 PUBLIC LAW 111–203—JULY 21, 2010 (as comprised of the Board of Governors and each of the 12 Federal reserve banks prior to the date of enactment of this Act) for purposes of subsections (b), (c), (m), and (o) of section 414 of the Internal Revenue Code of 1986 (26 U.S.C. 414). (D) DEFINITIONS.—For purposes of this paragraph— (i) the term ‘‘existing retirement plan’’ means, with respect to an employee transferred pursuant to this subtitle, the retirement plan (including the Financial Institutions Retirement Fund) and any associated thrift savings plan, of the agency from which the employee was transferred under this subtitle, in which the employee was enrolled on the day before the date on which the employee was transferred; (ii) the term ‘‘Federal Employee Retirement Pro- gram’’ means either the Civil Service Retirement System established under chapter 83 of title 5, United States Code, or the Federal Employees Retirement System established under chapter 84 of title 5, United States Code, depending upon the service history of the individual; (iii) the term ‘‘Federal Reserve System transferred employee’’ means a transferred employee who is an employee of the Board of Governors or a Federal reserve bank on the day before the designated transfer date, and who is transferred to the Bureau on the designated transfer date pursuant to this subtitle; (iv) the term ‘‘Federal Reserve System Retirement Plan’’ means the Retirement Plan for Employees of the Federal Reserve System; and (v) the term ‘‘Federal Reserve System Thrift Plan’’ means the Thrift Plan for Employees of the Federal Reserve System. (2) BENEFITS OTHER THAN RETIREMENT BENEFITS FOR TRANSFERRED EMPLOYEES.— (A) DURING 1ST YEAR.— (i) EXISTING PLANS CONTINUE.—Each employee transferred pursuant to this subtitle may, for 1 year after the designated transfer date, retain membership in any other employee benefit program of the agency or bank from which the employee transferred, including a medical, dental, vision, long term care, or life insur- ance program, to which the employee belonged on the day before the designated transfer date. (ii) EMPLOYER CONTRIBUTION.—The Bureau shall reimburse the agency or bank from which an employee was transferred for any cost incurred by that agency or bank in continuing to extend coverage in the benefit program to the employee, as required under that pro- gram or negotiated agreements. (B) MEDICAL, DENTAL, VISION, OR LIFE INSURANCE AFTER FIRST YEAR.—If, at the end of the 1-year period beginning on the designated transfer date, the Bureau has not established its own, or arranged for participation in another entity’s, medical, dental, vision, or life insurance program, an employee transferred pursuant to this subtitle who was a member of such a program at the agency or