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.