Page:United States Statutes at Large Volume 81.djvu/681

 81 STAT. ]

647

PUBLIC LAW 90-206-DEC. 16, 1967

SEC. 402. Section 8707 of title 5, United States Code, is amended to read as follows: "During each period in which an employee is insured under a policy of insurance purchased by the Civil Service Commission under section 8709 of this title, there shall be withheld from the pay of the employee his share of the cost of the group life insurance and accidental death and dismemberment insurance. The amount withheld shall be at the rate, adjusted to the nearest half-cent, of 66% percent of the level cost of each $1,000 of insurancej as determined by the Commission.". SEC. 403. Section 8708(a) of title 5, United States Code, is amended to read as follows: " (a) For each period in which an employee is insured under a policy of insurance purchased by the Civil Service Commission under section 8709 of this title, a sum equal to one-half the amount which is withheld from the pay of the employee under section 8707 of this title shall be contributed from the appropriation or fund which is used to pay him.'-. SEC. 404. Chapter 87 of title 5, United States Code, is amended— (1) by adding the following new section: " (a) Under the conditions, directives, and terms specified in sections 8709-8712 of this title, the Civil Service Commission, without regard to section 5 of title 41, may purchase a policy which shall make available to each insured employee equal amounts of optional life insurance and accidental death and dismemberment insurance in addition to the amounts provided in section 8704(a) of this title. "(b) The optional life insurance and accidental death and dismemberment insurance shall be made available to each insured employee under such conditions as the Commission shall prescribe and in amounts approved by the Commission but not more than the greater of $10,000 or an amount which, when added to the amount provided in section 8704(a) of this title, makes the sum of his insurance equal to his annual pay. "(c)(1) The optional insurance on an employee stops on his separation from service, 12 months after discontinuance of his pay, or on his entry on active duty or active duty for training, as provided in sections 8706(a) and 8706 (d) of this title. "(2) So much of the optional life insurance in force on an employee on the date he retires on an immediate annuity or becomes entitled to receive compensation for work injuries which has been in force for not less than— " (A) the full period or periods of service during which the optional insurance was available to him; or " (B) the 12 ^ears of service immediately preceding his retirement or beginning date of entitlement to compensation for work injuries and during which the optional insurance was available to him; whichever is shorter, may be continued— " (A) after retirement, under the same conditions (except with respect to cost but including reduction of the amount continued) as provided in section 8706(b) of this title; or " (B) while in receipt of compensation for work injuries under the same conditions (except with respect to cost) as provided in section 8706(c) of this title. " (d) During each period in which an employee has the optional insurance the full cost thereof shall be withheld from his puj. During each period in which an employee continues optional life insurance
 * § 8707. Employee deductions; withholding
 * § 8714a. Optional insurance

80 Stat. 595.

Government contribution.

Supra.

80 Stat. 592.

Ante,

p. 646.

80 Stat. 595.

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