HR 5364
99th Congress
House
Government Operations and Politics
Business and commerce
Civil service retirement
Economics and Public Finance
Federal employees
Federal employees and officials
Government employees' life insurance
Government securities
Government trust funds
Insurance
Securities and Investments
Federal Employees' Group Life Insurance Act of 1986
Introduced: August 8, 1986
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 15, 1986
Executive Comment Requested from OMB, OPM.
Aug 14, 1986
Referred to Subcommittee on Compensation and Employee Benefits.
Aug 8, 1986
Referred to House Committee on Post Office and Civil Service.
Aug 8, 1986
Introduced in House
Plain-English summary
Federal Employees' Group Life Insurance Act of 1986 - Increases the amount of basic group life insurance available to Federal employees.
Provides a formula for limiting reductions in the face value of the life insurance of retirees who become 65 years of age.
Revises methods of determining employee and Government contributions.
Directs the Secretary of the Treasury to issue interest-bearing obligations of the United States for purchase by available funds in the Employees' Life Insurance Fund.
Authorizes appropriations to the Fund to finance its unfunded liability, as determined on January 1, 1987, in 100 equal annual installments.
What's happening now
Executive Comment Requested from OMB, OPM.
Committees of jurisdiction
2
Cosponsors
1