[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6175 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 6175

 To amend title 5, United States Code, to provide that payments under 
the Federal Employees' Group Life Insurance program shall be made in a 
   lump sum, unless the insured or the beneficiary elects otherwise.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 22, 2010

   Mr. Connolly of Virginia introduced the following bill; which was 
      referred to the Committee on Oversight and Government Reform

_______________________________________________________________________

                                 A BILL


 
 To amend title 5, United States Code, to provide that payments under 
the Federal Employees' Group Life Insurance program shall be made in a 
   lump sum, unless the insured or the beneficiary elects otherwise.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Federal Life Insurance Transparency 
Act''.

SEC. 2. PAYMENT OF CLAIMS.

    (a) In General.--Section 8705 of title 5, United States Code, is 
amended by adding at the end the following:
    ``(f)(1) The employee may elect settlement of insurance under this 
chapter either in a lump sum or by such alternative form of payment as 
the Office may (in addition to a lump-sum payment) provide for.
    ``(2)(A) If the employee does not make such an election, the 
beneficiary or beneficiaries may elect settlement by any form of 
payment that was available to the employee under paragraph (1).
    ``(B) If the employee does make such an election, the beneficiary 
or beneficiaries may elect settlement by any other form of payment that 
was available to the employee under paragraph (1).
    ``(3) An election under paragraph (1) or (2) shall not be effective 
unless it is submitted to the Office, in writing, in such form and 
manner as the Office prescribes.
    ``(4) If no election is made under this subsection, the settlement 
shall be made in the form of a lump-sum payment.''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply in the case of any employee who first becomes insured under 
chapter 87 of title 5, United States Code, in any calendar year 
beginning at least 3 months after the date of the enactment of this 
Act. For purposes of the preceding sentence, the term ``employee'' has 
the meaning given such term under section 8701 of such title.
                                 <all>