Federal Employees' Group Life Insurance Program

FEGLI Handbook

Summary of 2002 Handbook Changes

December 23 —

The Annuitants and Compensationers and the Cost of Insurance chapters were updated to reflect the new premium rates and age ranges effective the first pay period beginning on or after January 1, 2003. For details, see Benefits Administration Letter 02-316 of September 26, 2002.

August 15 —

• We have added procedures for employees and agencies under Other Retirement Systems such as the Foreign Service Retirement System and Financial Institutions Retirement Fund System. We cover procedures for when a person retires and when a retiree dies.
• We have added agency procedures for FEGLI coverage for Compensationers. This includes procedures for those employees clearly eligible to continue FEGLI into compensation, for those that it is not so clear and for those employees that are not eligible to continue FEGLI coverage as a compensationer. This was addressed in Benefits Administration Letter 01-216.
• We have also expanded the section on what to do when a compensationer returns to duty and added what to do if a compensationer dies.

April 29 —

Termination and Conversion:

The entire section on Option B Portability was deleted and replaced with an explanation that this was a three-year demonstration project which expired April 24, 2002. Other references to Portability were also deleted throughout the Handbook.