[Federal Register: November 25, 2003 (Volume 68, Number 227)]
[Notices]               
[Page 66144]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr25no03-116]                         

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OFFICE OF PERSONNEL MANAGEMENT

 
Federal Employees' Group Life Insurance Program: New Option B 
Premiums

AGENCY: Office of Personnel Management.

ACTION: Notice.

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SUMMARY: The Office of Personnel Management (OPM) is announcing new 
Federal Employees' Group Life Insurance (FEGLI) premiums for the upper 
age bands of Option B. The premiums will be maintained on the FEGLI Web 
site at http://www.opm.gov/insure/life.

EFFECTIVE DATE: January 1, 2004.

FOR FURTHER INFORMATION CONTACT: Karen Leibach, (202) 606-0004.

SUPPLEMENTARY INFORMATION: On December 30, 2002, OPM published a 
Federal Register notice (67 FR 79659) announcing premium changes for 
FEGLI and new age bands for Options B and C. The premiums for the new 
Option B age bands are being phased in over a 3-year period. The first 
set of premiums for these age bands was effective the first pay period 
beginning on or after January 1, 2003.
    This notice announces the second phase of the Option B premium 
changes. These premiums are effective the first pay period beginning on 
or after January 1, 2004.

                Option B Premium per $1,000 of Insurance
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                    Age band                       Biweekly     Monthly
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70-74...........................................       $1.03      $2.232
75-79...........................................        1.43       3.098
80 and over.....................................        1.83       3.965
------------------------------------------------------------------------

    The premiums for compensationers, who are paid every 4 weeks, are 2 
times the biweekly premium amounts.
    Premiums for other FEGLI coverages, including premiums for other 
Option B age bands, are not changing.

U.S. Office of Personnel Management.

Kay Coles James,
Director.

[FR Doc. 03-29438 Filed 11-24-03; 8:45 am]
BILLING CODE 6325-50-P