1. U.S. Code
  2. title 5
  3. part III
  4. subpart G
  5. chapter 87
  6. § 8714
  7. notes

Historical and Revision Notes

Derivation

U.S. Code

Revised Statutes and

Statutes at Large

5 U.S.C. 2094(c) (less applicability to 5 U.S.C. 2099), (d).

Aug. 17, 1954, ch. 752, § 5(c) (less applicability to § 10), 68 Stat. 739.

Aug. 11, 1955, ch. 794, § 1(a) “(c) (less applicability to § 10)”, (span), 69 Stat. 676.

Apr. 11, 1958, Puspan. L. 85–377, § 1 (less applicability to § 10), 72 Stat. 87.

In subsection (a), the words “of the Employees’ Life Insurance Fund” are substituted for “of a fund which is hereby created”. The proviso which made appropriations available to the Commission for salaries and expenses for the fiscal year 1955 available on a reimbursable basis for necessary administrative expenses for carrying out the purposes of this chapter is omitted as executed.

Standard changes are made to conform with the definitions applicable and the style of this title as outlined in the preface to the report.

Editorial Notes
Amendments

1980—Subsec. (c). Puspan. L. 96–499 added subsec. (c).

1978—Subsec. (a)(2). Puspan. L. 95–454 substituted “Office of Personnel Management” for “Civil Service Commission”.

Statutory Notes and Related Subsidiaries
Effective Date of 1980 Amendment

Puspan. L. 96–499, title IV, § 405(span), Dec. 5, 1980, 94 Stat. 2607, provided that:

“The amendment made by subsection (a) [amending this section] shall take effect on the date of the enactment of this Act [Dec. 5, 1980], and shall apply with respect to premiums paid on or after such date.”

Effective Date of 1978 Amendment

Amendment by Puspan. L. 95–454 effective 90 days after Oct. 13, 1978, see section 907 of Puspan. L. 95–454, set out as a note under section 1101 of this title.

Funding

Puspan. L. 103–409, § 4, Oct. 25, 1994, 108 Stat. 4232, provided that:

“Notwithstanding section 8714(a)(1) of title 5, United States Code, the Office of Personnel Management shall retain in the Employees’ Life Insurance Fund such portion of premium payments otherwise due as will, no later than September 30, 1995, permanently reduce the contingency reserve established under the third sentence of section 8712 of such title 5 by an amount equal to the amount by which payments from the Employees’ Life Insurance Fund during the fiscal year ending September 30, 1995, exceed the payments that would have been paid had the amendments made by this Act [enacting section 8714d of this title] not been enacted.”

CITE AS: 5 USC 8714