When Do Your FEGLI Changes Take Effect?

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By on September 5, 2017 in Pay & Benefits with 0 Comments

The words 'life insurance' over a lifeguard's inner tube hanging on a wall

So, you changed your Federal Employees Group Life Insurance a year ago in the open season and the changes have not yet been made. When will those changes to FEGLI become effective?

The answer is “soon”.

FEGLI changes made in last September’s open season were not immediately effective. The effective date for changes that are made in the rare FEGLI open seasons is a little over one year from the end of the open season. Changes made in the 2016 open season will be effective the first day of the first pay period that begins on or after October 1, 2017. If your pay period begins on Sunday, October 1, 2017, that is when your changes will become effective. If your pay period begins on Sunday, October 8, 2017, that is when your changes will become effective.

Your agency is required to provide you with a copy of Standard Form 2817, Life Insurance Election, which shows the effective date of your new coverage in Section 6. A copy of this form should also be filed in your Electronic Official Personnel Folder (eOPF).

However, you should also take steps to verify that the new coverage is in place. Check your leave and earnings statement for the pay period when the change is supposed to be effective. You might also want to check to be sure the correct premium amount is being withheld. You can confirm premiums by using the FEGLI Calculator or the FEGLI premium tables; both of these can be found on the FEGLI web page at www.opm.gov/life.

Agencies can request to have John Grobe, or another of Federal Career Experts' qualified instructors, deliver a retirement or transition seminar to their employees. FCE instructors are not financial advisers and will not sell or recommend financial products to class participants. Agency Benefits Officers can contact John Grobe at [email protected] to discuss schedules and costs.

© 2019 John Grobe. All rights reserved. This article may not be reproduced without express written consent from John Grobe.


About the Author

John Grobe is President of Federal Career Experts, a consulting firm that specializes in federal retirement and career transition issues. He is also affiliated with TSP Safety Net. John retired from federal service after 25 years of progressively more responsible human resources positions. He is the author of Understanding the Federal Retirement Systems and Career Transition: A Guide for Federal Employees, both published by the Federal Management Institute. Federal Career Experts provides pre-retirement seminars for a wide variety of federal agencies.