Page:United States Statutes at Large Volume 92 Part 2.djvu/1201

 PUBLIC LAW 95-583—NOV. 2, 1978

92 STAT. 2481

Public Law 95-583 95th Congress An Act To amend subchapter III of chapter 83 of title 5, United States Code, to provide that employees who retire after 5 years of service, in certain instances, may be eligible to retain their life and health insurance benefits, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled-, That (a) section 8706 of title 5, United States Code, is amended— (1) by striking out subsections (b) and (c) and inserting in lieu thereof the following new subsection: "(b)(1) If on the date the insurance would otherwise stop the employee retires on an immediate annuity and has been insured under this chapter throughout— "(A) the 5 years of service immediately preceding such date, or "(B) the full period or periods of service during which the employee was entitled to be insured, if less than 5 years, life insurance only may be continued, without cost to the employee, under conditions determined by the Commission. " (2) If on the date the insurance would otherwise stop the employee is receiving compensation under subchapter I of chapter 81 of this title because of disease or injury to the employee and has been insured under this chapter throughout— " (A) the 5 years of service immediately preceding such date, or "(B) the full period or periods of service during which the employee was entitled to be insured, if less than 5 years, life insurance only may be continued, without cost to the employee, under conditions determined by the Commission, during the period the employee is receiving compensation for work injuries and is held by the Secretary of Labor or his delegate to be unable to return to duty. "(3) The amount of life insurance continued under paragraph (1) or paragraph (2) of this subsection shall be reduced by 2 percent at the end of each full calendar month after the date the employee becomes 65 years of age and is retired or is receiving such compensation for disease or injury. The Commission shall prescribe minimum amounts, not less than 25 percent of the amount of life insurance in force before the first reduction, to which the insurance may be reduced."; (2) by redesignating subsections (d) through (f) as subsections (c) through (e),respectively; and (3) by striking out " (a) - (c) " in subsection (d), as redesignated by paragraph (2), and inserting in lieu thereof "(a) and (b) Section 8705(a) of title 5, United States Code, is amended by striking out "or (c)". (c) Section 8714a of title 5, United States Code, is amended— (1) by striking out "8706(d)" in subsection (c)(1) and inserting in lieu thereof "8706 (c)"; (2) by amending subsection (c)(2) to read as follows:

Nov. 2, 1978 [H.R. 4319]

Federal employees, life and health insurance benefits.

Compensation. 5 USC 8101 et seq.

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