Definition: | 5 CFR 870.203: The post-election basic insurance amount of an individual who elects a Living Benefit is the amount of insurance left after the full or partial election. This amount is the individual's post-election BIA. This is NOT the amount of the living benefit (See below). The post-election BIA cannot change after the effective date of a Living Benefit election. Living Benefit 5 CFR 870.1102: An employee may elect to receive either: (i) A full Living Benefit, which is all of his/her Basic insurance, or (ii) A partial Living Benefit, which is a portion of his/her Basic insurance, in a multiple of $1,000. (2) An annuitant or compensationer may only elect to receive a full Living Benefit. |
Data Format: | Decimal |
Data Length: | 9,2 |
Applicability: |
Enterprise Human Resources Integration, Dynamics Feed |
Notes: | Populated when Living Benefits Partial NOA code (806) is provided. |
Valid Values: | N/A |