If Your Basic Pay Changes
The amount of your insurance will change automatically if your
annual basic pay changes to a higher or lower multiple of $1,000.
The new amount of insurance will be effective on the date the pay
change occurs. For all insurance purposes, a pay change is deemed
to occur (1) on the stated effective date of the change or the
date such change is approved, whichever is later, or (2) on the
effective date of the change when a retroactive adjustment is
actually the correction of an error, unless otherwise stipulated
in a law providing for the change.