124 STAT. 1532 PUBLIC LAW 111–203—JULY 21, 2010 (A) IN GENERAL.— (i) CONTINUATION OF EXISTING RETIREMENT PLAN.— Each transferred employee shall remain enrolled in the retirement plan of the transferred employee, for as long as the transferred employee is employed by the Office of the Comptroller of the Currency or the Corporation. (ii) EMPLOYER’S CONTRIBUTION.—The Comptroller of the Currency or the Chairperson of the Corporation, as appropriate, shall pay any employer contributions to the existing retirement plan of each transferred employee, as required under each such existing retire- ment plan. (B) DEFINITION.—In this paragraph, the term ‘‘existing retirement plan’’ means, with respect to a transferred employee, the retirement plan (including the Financial Institutions Retirement Fund), and any associated thrift savings plan, of the agency from which the employee was transferred in which the employee was enrolled on the day before the date on which the employee was transferred. (2) BENEFITS OTHER THAN RETIREMENT BENEFITS.— (A) DURING FIRST YEAR.— (i) EXISTING PLANS CONTINUE.—During the 1-year period following the transfer date, each transferred employee may retain membership in any employee ben- efit program (other than a retirement benefit program) of the agency from which the employee was transferred under this title, including any dental, vision, long term care, or life insurance program to which the employee belonged on the day before the transfer date. (ii) EMPLOYER’S CONTRIBUTION.—The Office of the Comptroller of the Currency or the Corporation, as appropriate, shall pay any employer cost required to extend coverage in the benefit program to the trans- ferred employee as required under that program or negotiated agreements. (B) DENTAL, VISION, OR LIFE INSURANCE AFTER FIRST YEAR.—If, after the 1-year period beginning on the transfer date, the Office of the Comptroller of the Currency or the Corporation determines that the Office of the Comp- troller of the Currency or the Corporation, as the case may be, will not continue to participate in any dental, vision, or life insurance program of an agency from which an employee was transferred, a transferred employee who is a member of the program may, before the decision takes effect and without regard to any regularly scheduled open season, elect to enroll in— (i) the enhanced dental benefits program estab- lished under chapter 89A of title 5, United States Code; (ii) the enhanced vision benefits established under chapter 89B of title 5, United States Code; and (iii) the Federal Employees’ Group Life Insurance Program established under chapter 87 of title 5, United States Code, without regard to any requirement of insurability. Time period. Time period.
