[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 468 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 468

 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 recipient elects otherwise.


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                    IN THE HOUSE OF REPRESENTATIVES

                            February 4, 2013

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

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                                 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 recipient 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. AMENDMENT RELATING TO FORM OF PAYMENT.

    (a) In General.--Section 8705 of title 5, United States Code, is 
amended by adding at the end the following:
    ``(f)(1) Group life insurance and group accidental death insurance 
payable under this chapter, by reason of the death of an employee, 
shall be paid in the form determined as follows:
            ``(A) In the form of payment elected by the person to whom 
        the payment is to be made.
            ``(B) In the absence of an election under subparagraph (A), 
        in the form of payment elected by the employee.
            ``(C) In the absence of an election under subparagraphs (A) 
        and (B), in the form of a lump-sum payment.
    ``(2) An election under subparagraph (A) or (B) of paragraph (1) 
shall not be effective unless it is made in such form and manner as the 
Office may require.
    ``(3) The Office shall prescribe any regulations necessary to carry 
out this subsection. Such regulations shall provide for at least 1 
alternative form of payment besides the form of payment described in 
paragraph (1)(C).''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply in the case of any employee (as defined by section 8701 of title 
5, United States Code) who becomes insured in any calendar year 
beginning at least 3 months after the date of enactment of this Act.
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