[Code of Federal Regulations]
[Title 5, Volume 2, Parts 700 to 1199]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR892.205]

[Page 475]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
          CHAPTER I--OFFICE OF PERSONNEL MANAGEMENT (Continued)
 
PART 892--FEDERAL FLEXIBLE BENEFITS PLAN: PRE-TAX PAYMENT OF HEALTH BENEFITS PREMIUMS--Table of Contents
 
                Subpart B--Eligibility and Participation
 
Sec. 892.205  May I waive participation in premium conversion after the initial implementation?

    Yes, but the opportunity to waive premium conversion is limited. You 
may waive premium conversion:
    (a) During the annual FEHB open season. The effective date of the 
waiver will be the first day of the first pay period that begins in the 
following calendar year;
    (b) At the same time as you sign up for FEHB when first hired or 
hired as a reemployed annuitant. Employees who leaveFederal service and 
are rehired after a three-day break in service or in a different 
calendar year also may waive;
    (c) In conjunction with a change in FEHB enrollment, on account of 
and consistent with a qualifying life event (see Sec. 892.101); or
    (d) When you have a qualifying life event and the waiver is on 
account of and consistent with that qualifying life event(even if you do 
not change your FEHB enrollment). You have 60 days after the qualifying 
life event to file a waiver with your employer. The waiver is effective 
on the first day of the pay period following the date your employer 
receives the waiver.