Insurance Programs
The implementation of premium conversion is effective
with the first payroll period beginning on
or after October 1, 2000. No retroactive adjustments to taxable
income may be made for any FEHB premiums deducted from pay prior to October 1st.
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On-board
Employees
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For most eligible employees, premium conversion becomes
effective on October 8, 2000 [pay period 22], with the first pre-tax FEHB
deduction occurring with the associated pay date near the end of October.
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New
Employees/ Employees with an Initial Opportunity to Enroll in the FEHB
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If your
initial opportunity to enroll in FEHB occurs on or after October 1, your
agency must deduct your premiums on a pre-tax basis from your pay effective
with the first applicable payroll period beginning on or after October 1,
2000, unless you have waived participation in premium conversion.
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U.S. Office of Personnel Management 1900 E Street, NW, Washington, DC 20415 | (202) 606-1800 | TTY (202) 606-2532