Document headings vary by document type but may contain
                    the following: the agency or agencies that issued and signed a document
the number of the CFR title and the number of each part
                      the document amends, proposes to amend, or is directly
                      related to
the agency docket number / agency internal file number
the RIN which identifies each regulatory action listed in
                      the Unified Agenda of Federal Regulatory and Deregulatory
                      Actions See the
                    Document Drafting Handbook
                    for more details.
 Office of Personnel Management
 AGENCY: Office of Personnel Management.
 ACTION: Notice.
 SUMMARY: The Office of Personnel Management (OPM) is announcing changes in premium rates for certain Federal Employees' Group Life Insurance (FEGLI) categories. These include changes to premium rates for Employee Basic Insurance, Option A (most age bands), Option B (most age bands), Option C (most age bands), and Post-Retirement Basic Insurance. These rates will be effective the first pay period beginning on or after October 1, 2021.
 DATES: These rates will be effective the first pay period beginning on or after October 1, 2021.
 FOR FURTHER INFORMATION CONTACT: Marthine Mason-Martin, 
                        *FEGLI@opm.gov,*
                         (202) 606-1413.


SUPPLEMENTARY INFORMATION: This notice announces changes to FEGLI Employee Basic, Option A (most age bands), Option B (most age bands), Option C (most age bands), and Post-Retirement Basic Insurance. FEGLI premium rates are assessed based on Program experience in accordance with FEGLI statutes at 8711(b), 8714a(e), 8714b(e), and 8714c(e), and OPM's Annual FEGLI Rate Review Process. The premium rates in the FEGLI program represent estimates of premium income necessary to pay future expected benefits costs. The rates for all coverage categories are specific to the experience of the FEGLI group and are not based on mortality rates within the general population. Actuarial analysis of changing mortality rates makes periodic premium adjustments necessary. OPM has completed a study of funding and claims experience within the FEGLI Program. Based on this updated actuarial analysis of actual claims experience, OPM has determined that changes are required to Employee Basic, Option A, Option B, Option C and Post-Retirement Basic Insurance premiums. These changes reflect 
                    ( print page 50383)
                    updated mortality and claims rates from actual program experience within each FEGLI category. The legislative structure of the FEGLI Program assumes that we set premium rates for each age band independently of the other bands so that each age band is financially self-supporting. We will issue guidance to all agencies for the purpose of counseling employees and we will notify affected annuitants directly via OPM's Office of Retirement Services. The FEGLI premium rates will be maintained on the FEGLI website 
                    *https://www.opm.gov/​healthcare-insurance/​life-insurance/​*. The new FEGLI premium rates for Basic, Option A, Option B, Option C and the Post-Retirement Basic Option are as follows: Employee Basic Insurance (per $1,000 of Insurance)
[The premiums for compensationers who are paid every four weeks are two times the biweekly premium.]
Bi-weekly
MonthlyEmployee
$0.1600
$0.3467Government
0.0800
0.1733Total
0.2400
0.5200
 Option A (for $10,000 of Insurance)
[The premiums for compensationers who are paid every four weeks are two times the biweekly premium.]
Age band
Bi-weekly
Monthly<35
$0.20
$0.4335-39
0.20
0.4340-44
0.30
0.6545-49
0.60
1.3050-54
1.00
2.1755-59
1.80
3.9060+
6.00
13.00
 Option B (per $1,000 of Insurance)
[The premiums for compensationers who are paid every four weeks are two times the biweekly premium.]
Age band
Bi-weekly
Monthly<35
$0.02
$0.04335-39
0.02
0.04340-44
0.03
0.06545-49
0.06
0.13050-54
0.10
0.21755-59
0.18
0.39060-64
0.40
0.86765-69
0.48
1.04070-74
0.86
1.86375-79
1.80
3.90080+
2.88
6.240
 Option C (per Multiple of Insurance)
[The premiums for compensationers who are paid every four weeks are two times the biweekly premium.]
Age band
Bi-weekly
Monthly<35
$0.20
$0.4335-39
0.24
0.5240-44
0.37
0.8045-49
0.53
1.1550-54
0.83
1.8055-59
1.33
2.8860-64
2.43
5.2765-69
2.83
6.1370-74
3.83
8.3075-79
5.76
12.4880+
7.80
16.90
 
 
 Post-Retirement Basic Insurance for Annuitants
[Monthly rate per $1,000 of insurance]
Before age 65
After age 6575% Reduction
$0.3467
No cost50% Reduction
1.0967
$0.75No Reduction
2.5967
2.25
 Post-Retirement Basic Insurance for Compensationers
[Withholding every four weeks per $1,000 of insurance.]
Before age 65
After age 6575% Reduction
$0.32
No cost50% Reduction
1.01
$0.69No Reduction
2.39
2.07
 These rates will be effective the first pay period beginning on or after October 1, 2021. U.S. Office of Personnel Management. Stephen Hickman, Deputy Executive Secretary.


[FR Doc. 2021-19475 Filed 9-7-21; 8:45 am] BILLING CODE 6325-38-P