Expert's View:
Calculating Your Annuity
Now we've come to the key question that's been on your mind all along. . . writes benefits expert Reg Jones.
FEGLI Rules Changes Proposed
OPM has published proposed rules to carry out several changes in law affecting the FEGLI program. The rules in the December 31 Federal Register would carry out authorities to: allow DoD employees who are designated as ‘‘emergency essential'' to elect Basic insurance within 60 days of being so designated; allow those employees, as well as civilian employees deployed in support of a contingency operation, to elect Basic, Option A and Option B coverage; and allow continued FEGLI coverage for up to 24 months for employees called to active duty, although employees would have to pay both the enrollee and employer shares of the premiums for the second 12 months. The regs also would lift limits on allowable elections of insurance after certain life events, so that an employee making an election based on a change in family circumstances could elect Basic insurance and any and all Optional insurance, including up to the maximum number of multiples available of Option B and Option C.
Back | Published: September 8, 2010




