Group insurance; amounts

§ 8704. Group insurance; amounts (a) An employee eligible for insurance is entitled to be insured for an amount of group life insurance approximating his annual pay not exceeding $20,000 plus an equal amount of group accidental death and dismemberment insurance, in accordance with the following schedule: If annual pay is— The amount of group life insurance is— The amount of group accidental death and dismemberment insurance is— Greater than— But not greater than— 0 $1,000 $1,000 $1,000 $1,000 $2,000 $2,000 $2,000 $2,000 $3,000 $3,000 $3,000 $3,000 $4,000 $4,000 $4,000 $4,000 $5,000 $5,000 $5,000 $5,000 $6,000 $6,000 $6,000 $6,000 $7,000 $7,000 $7,000 $7,000 $8,000 $8,000 $8,000 $8,000 $9,000 $9,000 $9,000 $9,000 $10,000 $10,000 $10,000 $10,000 $11,000 $11,000 $11,000 $11,000 $12,000 $12,000 $12,000 $12,000 $13,000 $13,000 $13,000 $13,000 $14,000 $14,000 $14,000 $14,000 $15,000 $15,000 $15,000 $15,000 $16,000 $16,000 $16,000 $16,000 $17,000 $17,000 $17,000 $17,000 $18,000 $18,000 $18,000 $18,000 $19,000 $19,000 $19,000 $19,000 _ _ _ _ _ _ _ _ _ _ _ _ _ $20,000 $20,000 (b) Subject to the conditions and limitations approved by the Civil Service Commission which are contained in the policy purchased by the Commission, the group accidental death and dismemberment insurance provides payment as follows: Loss Amount payable For loss of life Full amount shown in the schedule in subsection (a) of this section. Loss of one hand or of one foot or loss of sight of one eye One-half the amount shown in the schedule in subsection (a) of this section. Loss of two or more such members Full amount shown in the schedule in subsection (a) of this section. 80 Stat. 594 For any one accident the aggregate amount of group accidental death and dismemberment insurance that may be paid may not exceed the amount shown in the schedule in subsection (a) of this section. (c) The Commission shall prescribe regulations providing for the conversion of other than annual rates of pay to annual rates of pay and shall specify the types of pay included in annual pay. (d) In determining the amount of insurance to which an employee is entitled— (1) a change in rate of pay under section 5337 of this title is deemed effective as of the first day of the pay period after the pay period in which the payroll change is approved; and (2) a change in rate of pay under section 5343 of this title is deemed effective as of the date of issuance of the order granting the increase or the effective date of the increase, whichever is later.