Federal Employees Group Life Insurance Program (Classic Reprint): Hearing Before the Subcommittee on Compensation and Employee Benefits of the ... Congress, Second Session, April 20, 1994 - Softcover

Inhaltsangabe

Overview of a key federal benefits program and proposed updates
This book captures an April 1994 congressional hearing on the Federal Employees' Group Life Insurance Program (FEGLI). It explains how FEGLI works, its financial stability, and how it serves federal employees, retirees, and their families. The material also covers proposed changes and the role of the main insurer and reinsurers in the program.

In this edition you’ll read about:
- The program’s reach and how most federal employees participate at a reasonable price without medical precertification.
- Three bills under discussion to expand or modify FEGLI, including living benefits for terminal illness and extending coverage to certain pre-1980 retirees and judicial officials.
- Administrative details, including Met Life as prime carrier, claims handling, and how reserve funds and investments are managed.
- Perspectives from unions and stakeholder groups on keeping FEGLI efficient and accessible.

What you’ll gain:
- A clear snapshot of FEGLI’s structure, funding, and governance as of 1994.
- An understanding of the practical considerations around living benefits and potential budget implications.
- Insight into how congressional hearings examine policy changes and practical administration.

Ideal for readers seeking a historical view of FEGLI policy discussions, federal benefits, and how lawmakers weigh new insurance provisions against budget rules and program administration.

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