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Center for Financial Services Financial Policy Group
2003 Benefits Administration Letters   |    Benefits Officers Home Page

Benefits Administration Letter

Number: 03-312

Date: December 1, 2003

Subject: New Option B Withholding Rates

This Letter transmits new withholding rates for Option B coverage under the Federal Employees' Group Life Insurance Program for the upper-age bands. The new rates are effective with the first day of the first pay period beginning on or after January 1, 2004.

The new Option B withholding rates, per $1,000 of coverage, are as follows:

Age Band

Biweekly

Monthly

70-74

$1.03

$2.232

75-79

$1.43

$3.098

80 and over

$1.83

$3.965

If you have any questions about the matters discussed in this letter, we would prefer that you email them to us at finance@opm.gov. You may also call us on (202) 606-0606.




 

Robert A. Yuran, Manager
Financial Policy Group
Center for Financial Services


Download the Letter as a PDF File