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5 U.S.C. § 8714 — Employees’ Life Insurance Fund
Federal law — U.S. Code and appendices · legal_authorities
**(a)** The amounts withheld from employees under [section 8707 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8707&num=0&edition=prelim) and the sums contributed from appropriations and funds under [section 8708 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8708&num=0&edition=prelim) shall be deposited in the Treasury of the United States to the credit of the Employees’ Life Insurance Fund. The Fund is available without fiscal year limitation for—
(1) premium payments under an insurance policy purchased under this chapter; and
(2) expenses incurred by the Office of Personnel Management in the administration of this chapter within the limitations that may be specified annually by appropriation acts.
**(b)** The Secretary of the Treasury may invest and reinvest any of the money in the Fund in interest-bearing obligations of the United States, and may sell these obligations for the purposes of the Fund. The interest on and the proceeds from the sale of these obligations, and the income derived from dividend or premium rate adjustments from insurers, become a part of the Fund.
**(c)**
(1) No tax, fee, or other monetary payment may be imposed or collected by any State, the District of Columbia, or the Commonwealth of Puerto Rico, or by any political subdivision or other governmental authority thereof, on, or with respect to, any premium paid under an insurance policy purchased under this chapter.
(2) Paragraph (1) of this subsection shall not be construed to exempt any company issuing a policy of insurance under this chapter from the imposition, payment, or collection of a tax, fee, or other monetary payment on the net income or profit accruing to or realized by that company from bu
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Stable record: federal_law:legal_authorities:record_usc_bd7c1d752f0feeaa1cab640c
Source file: Laws/federal/codes/united-states-code/title-5/section-8714-employees-life-insurance-fund--3350a766b7.md
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Passage SHA-256: 87a258a3e25621abe68941d8a96a132729a64db8c92eff35d50487c3d034197f
Source location: Title 5, Chapter 87, § 8714; chapter-087-life-insurance.md
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**(a)** The amounts withheld from employees under [section 8707 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8707&num=0&edition=prelim) and the sums contributed from appropriations and funds under [section 8708 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8708&num=0&edition=prelim) shall be deposited in the Treasury of the United States to the credit of the Employees’ Life Insurance Fund. The Fund is available without fiscal year limitation for—
(1) premium payments under an insurance policy purchased under this chapter; and
(2) expenses incurred by the Office of Personnel Management in the administration of this chapter within the limitations that may be specified annually by appropriation acts.
**(b)** The Secretary of the Treasury may invest and reinvest any of the money in the Fund in interest-bearing obligations of the United States, and may sell these obligations for the purposes of the Fund. The interest on and the proceeds from the sale of these obligations, and the income derived from dividend or premium rate adjustments from insurers, become a part of the Fund.
**(c)**
(1) No tax, fee, or other monetary payment may be imposed or collected by any State, the District of Columbia, or the Commonwealth of Puerto Rico, or by any political subdivision or other governmental authority thereof, on, or with respect to, any premium paid under an insurance policy purchased under this chapter.
(2) Paragraph (1) of this subsection shall not be construed to exempt any company issuing a policy of insurance under this chapter from the imposition, payment, or collection of a tax, fee, or other monetary payment on the net income or profit accruing to or realized by that company from business conducted under this chapter, if that tax, fee, or payment is applicable to a broad range of business activity.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** For the purpose of this section, an individual shall be considered to be “terminally ill” if such individual has a medical prognosis that such individual’s life expectancy is 9 months or less.
**(b)** The Office of Personnel Management shall prescribe regulations under which any individual covered by group life insurance under section 8704(a) may, if such individual is terminally ill, elect to receive a lump-sum payment equal to—
(1) the full amount of insurance under section 8704(a) (or portion thereof designated for this purpose under subsection (d)(4)) which would otherwise be payable under this chapter (on the establishment of a valid claim)—
(A) computed based on a date determined under regulations of the Office (but not later than 30 days after the date on which the individual’s application for benefits under this section is approved or deemed approved under subsection (d)(3)); and
(B) assuming continued coverage under this chapter at that time;
reduced by
(2) an amount necessary to assure that there is no increase in the actuarial value of the benefit paid (as determined under regulations of the Office).
**(c)**
(1) If a lump-sum payment is taken under this section—
(A) no insurance under the provisions of section 8704(a) or (b) shall be payable based on the death or any loss of the individual involved, unless the lump-sum payment represents only a portion of the total benefits which could have been taken, in which case benefits under those provisions shall remain in effect, except that the basic insurance amount on which they are based—
(i) shall be reduced by the percentage which the designated portion comprised relative to the total benefits which could have been taken (rounding the result to the nearest multiple of $1,000 or, if m
Source: Supplied U.S. Code snapshot — release unconfirmed · 5 U.S.C. § 8714d
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** Subject to subsection (c)(2), during each period in which an employee is insured under a policy purchased by the Office of Personnel Management under [section 8709 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8709&num=0&edition=prelim), there shall be withheld from the employee’s pay a share of the cost of the group life insurance and accidental death and dismemberment insurance.
**(b)**
(1) Subject to subsection (c)(2), whenever life insurance continues after an employee retires on an immediate annuity or while the employee is receiving compensation under subchapter I of chapter 81 of this title because of disease or injury to the employee, as provided in [section 8706(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8706/b&num=0&edition=prelim), deductions for insurance shall be withheld from the employee’s annuity or compensation, except that, in any case in which the insurance is continued as provided in [section 8706(b)(3)(A) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8706/b/3/A&num=0&edition=prelim), the deductions shall not be made for months after the calendar month in which the employee becomes 65 years of age.
(2) Notwithstanding paragraph (1) of this subsection, insurance shall be so continued without cost (other than as provided under section 8706(b)(3)(B)) to each employee who so retires, or commences receiving compensation, on or before December 31, 1989.
**(c)**
(1) The amount withheld from the pay, annuity, or compensation of each employee subject to insurance deductions shall be at the rate, adjusted to the nearest half-cent, of 66⅔ percent of the level cost as determined by the Office for each $1,000 of th
Source: Supplied U.S. Code snapshot — release unconfirmed · 5 U.S.C. § 8707
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** For each period in which an employee is insured under a policy of insurance purchased by the Office of Personnel Management under [section 8709 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8709&num=0&edition=prelim), a sum equal to one-half the amount which is withheld from the pay of the employee under [section 8707 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8707&num=0&edition=prelim) shall be contributed from the appropriation or fund which is used to pay him.
**(b)** When an employee is paid by the Chief Administrative Officer of the House of Representatives, the Chief Administrative Officer may contribute the sum required by subsection (a) of this section from the applicable accounts of the House of Representatives.
**(c)** When the employee is an elected official, the sum required by subsection (a) of this section is contributed from an appropriation or fund available for payment of other salaries of the same office or establishment.
**(d)**
(1) Except as otherwise provided in this subsection, for each period in which an employee continues life insurance after retirement or while in receipt of compensation under subchapter I of chapter 81 of this title because of disease or injury to the employee, as provided under [section 8706(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8706/b&num=0&edition=prelim), a sum equal to one-half of the amount which is withheld from the employee’s annuity or compensation under [section 8707 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8707&num=0&edition=prelim) shall be contributed by the Office from annual appropriations which are authorized
Source: Supplied U.S. Code snapshot — release unconfirmed · 5 U.S.C. § 8708
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Federal law — U.S. Code and appendices · legal_authorities
The Office of Personnel Management is an independent establishment in the executive branch. The Office shall have an official seal, which shall be judicially noticed, and shall have its principal office in the District of Columbia, and may have field offices in other appropriate locations.
Source: Supplied U.S. Code snapshot — release unconfirmed · 5 U.S.C. § 1101
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general**
(1) **Office of Thrift Supervision employees**
(A) *In general* — Except as provided in [section 5584 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section5584&num=0&edition=prelim), all employees of the Office of Thrift Supervision shall be transferred to the Office of the Comptroller of the Currency or the Corporation for employment in accordance with this section.
(B) *Allocating employees for transfer to receiving agencies* — The Director of the Office of Thrift Supervision, the Comptroller of the Currency, and the Chairperson of the Corporation shall—
(i) jointly determine the number of employees of the Office of Thrift Supervision necessary to perform or support the functions that are transferred to the Office of the Comptroller of the Currency or the Corporation by this title; 11 See References in Text note below. and
(ii) consistent with the determination under clause (i), jointly identify employees of the Office of Thrift Supervision for transfer to the Office of the Comptroller of the Currency or the Corporation.
(2) **Employees transferred; service periods credited** — For purposes of this section, periods of service with a Federal home loan bank, a joint office of Federal home loan banks, or a Federal reserve bank shall be credited as periods of service with a Federal agency.
(3) **Appointment authority for excepted service transferred**
(A) *In general* — Except as provided in subparagraph (B), any appointment authority of the Office of Thrift Supervision under Federal law that relates to the functions transferred under [section 5412 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section5412&num=0&edition=prelim), including the regulations of
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 5437
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general**
(1) **Certain Federal Reserve System employees transferred**
(A) *Identifying employees for transfer* — The Bureau and the Board of Governors shall—
(i) jointly determine the number of employees of the Board of Governors necessary to perform or support the consumer financial protection functions of the Board of Governors that are transferred to the Bureau by this title; 11 See References in Text note below. and
(ii) consistent with the number determined under clause (i), jointly identify employees of the Board of Governors for transfer to the Bureau, in a manner that the Bureau and the Board of Governors, in their sole discretion, determine equitable.
(B) *Identified employees transferred* — All employees of the Board of Governors identified under subparagraph (A)(ii) shall be transferred to the Bureau for employment.
(C) *Federal reserve bank employees* — Employees of any Federal reserve bank who are performing consumer financial protection functions on behalf of the Board of Governors shall be treated as employees of the Board of Governors for purposes of subparagraphs (A) and (B).
(2) **Certain FDIC employees transferred**
(A) *Identifying employees for transfer* — The Bureau and the Board of Directors of the Federal Deposit Insurance Corporation shall—
(i) jointly determine the number of employees of that Corporation necessary to perform or support the consumer financial protection functions of the Corporation that are transferred to the Bureau by this title; 1 and
(ii) consistent with the number determined under clause (i), jointly identify employees of the Corporation for transfer to the Bureau, in a manner that the Bureau and the Board of Directors of the Corporation, in their sole discretion, determine equitab
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 5601
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Opportunity to transfer; guarantee of rights and benefits** The agreement for transfer of Freedmen’s Hospital referred to in [section 124 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section124&num=0&edition=prelim) shall include provisions to assure that—
(1) all individuals who are career or career-conditional employees of the hospital on the day preceding the effective date of the transfer of the hospital, except those in positions with respect to which they have been notified not less than six months prior to the effective date of such transfer that their positions are to be abolished, will be offered an opportunity to transfer to Howard University;
(2) Howard University—
(A) will not reduce the salary levels for such employees who transfer,
(B) will deposit currently (i) in the civil service retirement and disability fund referred to in [section 8348 of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8348&num=0&edition=prelim), the employee deductions and agency contributions required by subchapter III of chapter 83 of title 5, and (ii) in the fund referred to in [section 8714 of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8714&num=0&edition=prelim), the employee deductions and agency contributions required by chapter 87 of title 5.
(C) will provide other benefits for such employees as nearly equivalent as may be practicable to those generally applicable, on the effective date of the transfer of the hospital, to civilian employees of the United States, and
(D) in determining the seniority rights of its employees, Howard University will credit service with Freedmen’s Hospital performed by such employees who transfer, on the same basi
Source: Supplied U.S. Code snapshot — release unconfirmed · 20 U.S.C. § 125
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Federal law — U.S. Code and appendices · legal_authorities
**(a) to (d) Omitted**
**(e) Eligible employees; Federal employee programs subject to retention** Notwithstanding the provisions of sections 8347(o), 8713, and 8914 of title 5, executive order, or administrative regulation, an employee serving under an appointment not limited to one year or less who leaves Federal employment to be employed by a tribal organization, the city of St. Paul, Alaska, the city of St. George, Alaska, upon incorporation, or the Village Corporations of St. Paul and St. George Islands established pursuant to [section 1607 of title 43](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title43-section1607&num=0&edition=prelim), in connection with governmental or other activities which are or have been performed by employees in or for Indian communities is entitled, if the employee and the tribal organization so elect, to the following:
(1) To retain coverage, rights, and benefits under subchapter I of chapter 81 (“Compensation for Work Injuries”) of title 5, and for this purpose his employment with the tribal organization shall be deemed employment by the United States. However, if an injured employee, or his dependents in case of his death, receives from the tribal organization any payment (including an allowance, gratuity, payment under an insurance policy for which the premium is wholly paid by the tribal organization, or other benefit of any kind) on account of the same injury or death, the amount of that payment shall be credited against any benefit payable under subchapter I of chapter 81 of title 5, as follows:
(A) payments on account of injury or disability shall be credited against disability compensation payable to the injured employee; and
(B) payments on account of death shall be credited against death compensation pay
Source: Supplied U.S. Code snapshot — release unconfirmed · 25 U.S.C. § 5332
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** Under the conditions, directives, and terms specified in sections 8709–8712 of this title, the Office of Personnel Management, without regard to section 6101(b) to (d) of title 41, may purchase a policy which shall make available to each insured employee equal amounts of optional life insurance and accidental death and dismemberment insurance in addition to the amounts provided in [section 8704(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8704/a&num=0&edition=prelim).
**(b)**
(1) An employee who is deployed in support of a contingency operation (as that term is defined in [section 101(a)(13) of title 10](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title10-section101/a/13&num=0&edition=prelim)) or an employee of the Department of Defense who is designated as emergency essential under [section 1580 of title 10](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title10-section1580&num=0&edition=prelim) shall be insured under the policy of insurance under this section if the employee, within 60 days after the date of notification of deployment or designation, elects to be insured under the policy of insurance. An election under this paragraph shall be effective when provided to the Office in writing, in the form prescribed by the Office, within such 60-day period.
(2) The optional life insurance and accidental death and dismemberment insurance shall be made available to each insured employee under such conditions as the Office shall prescribe and in amounts approved by the Office but not more than the greater of $10,000 or an amount which, when added to the amount provided in [section 8704(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8704/a&
Source: Supplied U.S. Code snapshot — release unconfirmed · 5 U.S.C. § 8714a
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** Under the conditions, directives, and terms specified in sections 8709 through 8712 of this title, the Office of Personnel Management, without regard to section 6101(b) to (d) of title 41, may purchase a policy which shall make available to each employee insured under [section 8702 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8702&num=0&edition=prelim) amounts of additional optional life insurance (without accidental death and dismemberment insurance). An employee may elect coverage under this section without regard to whether the employee has elected coverage under optional insurance available under [section 8714a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8714a&num=0&edition=prelim).
**(b)**
(1) An employee who is deployed in support of a contingency operation (as that term is defined in [section 101(a)(13) of title 10](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title10-section101/a/13&num=0&edition=prelim)) or an employee of the Department of Defense who is designated as emergency essential under [section 1580 of title 10](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title10-section1580&num=0&edition=prelim) shall be insured under the policy of insurance under this section if the employee, within 60 days after the date of notification of deployment or designation, elects to be insured under the policy of insurance. An election under this paragraph shall be effective when provided to the Office in writing, in the form prescribed by the Office, within such 60-day period.
(2) The additional optional insurance provided under this section shall be made available to each eligible employee who has elected coverage under this section, under
Source: Supplied U.S. Code snapshot — release unconfirmed · 5 U.S.C. § 8714b
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