Page:United States Statutes at Large Volume 81.djvu/682

 648

An^e. p. 647.

An °e ^'^'2?^' " ^'^' '

PUBLIC LAW 90-206-DEC. 16, 1967

[81 STAT.

after retirement or while in receipt of compensation for work injuries, as provided in section 8706(b) or 8706(c) of this title, the full cost thereof shall be withheld from his annuity or compensation, except that, at the end of the calendar month in which he becomes 65 years of age, the optional life insurance shall be without cost to him. Amounts so withheld shall be deposited, used, and invested as provided in section 8714 of this title and shall be reported and accounted for separately from amounts withheld and contributed under sections 8707 aud 8708 of tMs title. "(e) The cost of the optional insurance shall be determined from time to time by the Commission on the basis of such age groups as it considers appropriate. " (f) The amount of optional life, or life and accidental death, insurance in force on an employee at the date of his death shall be paid ^^ provided in section 8705 of this title."; and (2) by inserting in the analysis of such chapter the following new item after item 8714: "8714a. Optional insurance.".

Effective dates.

SEC. 405. (a) The amendments made by sections 401 to 403, inclusive, of this Act shall take effect on the first day of the first pay period which begins on or after the sixtieth day following the date of enactment. I n the case of an employee who d.ies or retires during the period beginning on the date of enactment of this Act and prior to the effective date prescribed by this subsection, the amount of insurance shall be determined as if the amendments made by section 401 were in effect for such employee during such period. (b)(1) The amendments made by section 404 of this Act shall take effect on the first day of the first pay period which begins on or after the one hundred and eightieth dsij following the daAe of enactment, or on any earlier date that the Oivil Service Commission may prescribe, which is at least sixty days after the date of enactment. I n the case of an employee who dies during the period beginning on the date of enactment and ending on the effective date prescribed by or pursuant to this subsection, or during the sixty days immediately following such period if the Commission determmes that he did not have a reasonable opportunity to elect the optional insurance made available by section 404, the insurance of such employee shall be determined as if the amendments made by section 404 had been in effect on the date of such death, and the employee had elected to receive the maximum amount of optional insurance available to him under such amendments. An employee who retires during the period beginning on the date of enactment and ending on the effective date prescribed by or pursuant to this subsection shall have an opportunity to elect the optional insurance made available by section 404. (2) I n the case of an employee in the service on the effective date prescribed by or pursuant to this subsection, (i) the period during which such employee may elect to receive optional insurance under the amendment made by section 404 shall not expire prior to the sixtieth day after such effective date, and (ii) for the purpose of determining the amount of insurance to be continued after retirement, the period during which such optional insurance was available to such employee shall not be considered to have commenced prior to the expiration of sixty days following such effective date. (c) The amendments made by sections 401 to 404, inclusive, of this Act shall have no effect in the case of an employee who died, was finally separated, or retired prior to the date of enactment. Approved December 16, 1967=

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