124 STAT. 2054 PUBLIC LAW 111–203—JULY 21, 2010 insurance plan under sections 8706(b), 8714a, 8714b, and 8714c of title 5, United States Code, or in a life insurance plan established by the Bureau, without regard to any regularly scheduled open season and requirement of insurability. (ii) EMPLOYEE CONTRIBUTION.—An individual enrolled in a life insurance plan under this subpara- graph shall pay any employee contribution required by the plan. (iii) ADDITIONAL FUNDING.—The Bureau shall transfer to the Employees’ Life Insurance Fund estab- lished under section 8714 of title 5, United States Code, an amount determined by the Director of the Office of Personnel Management, after consultation with the Bureau and the Office of Management and Budget, to be necessary to reimburse the Fund for the cost to the Fund of providing benefits under this subparagraph not otherwise paid for by the employee under clause (ii). (iv) CREDIT FOR TIME ENROLLED IN OTHER PLANS.— For employees transferred under this title, enrollment in a life insurance plan administered by a transferor agency immediately before enrollment in a life insur- ance plan under chapter 87 of title 5, United States Code, shall be considered as enrollment in a life insur- ance plan under that chapter for purposes of section 8706(b)(1)(A) of title 5, United States Code. (3) OPM RULES.—The Office of Personnel Management shall issue such rules as are necessary to carry out this sub- section. (j) IMPLEMENTATION OF UNIFORM PAY AND CLASSIFICATION SYSTEM.—Not later than 2 years after the designated transfer date, the Bureau shall implement a uniform pay and classification system for all employees transferred under this title. (k) EQUITABLE TREATMENT.—In administering the provisions of this section, the Bureau— (1) shall take no action that would unfairly disadvantage transferred employees relative to each other based on their prior employment by the Board of Governors, the Federal Deposit Insurance Corporation, the Department of Housing and Urban Development, the National Credit Union Administration, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, a Federal reserve bank, a Federal home loan bank, or a joint office of the Federal home loan banks; and (2) may take such action as is appropriate in individual cases so that employees transferred under this section receive equitable treatment, with respect to the status, tenure, pay, benefits (other than benefits under programs administered by the Office of Personnel Management), and accrued leave or vacation time of those employees, for prior periods of service with any Federal agency, including the Board of Governors, the Corporation, the Department of Housing and Urban Development, the National Credit Union Administration, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, a Federal reserve bank, a Federal home loan bank, or a joint office of the Federal home loan banks. Deadline.
