To modify the decrease in Federal Group life insurance at age 65 or after retirement.

Summary

Modifies the decrease in Federal group life insurance from 2 percent to 1 percent at the end of each full calendar month after the date an employee becomes 65 years of age or retires, whichever, is later. Provides that the Civil Service Commission may prescribe minimum amounts, not less than 50 percent of the amount of life insurance in force before the first reduction, to which the insurance may be reduced, and makes this provision retroactive to all insurance in force on the date of enactment. (Amends 5 U.S.C. 8706(b))

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 15 January 1973

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.