Title VIII, SEC. 8205. TRANSITION AND SAVINGS PROVISIONS. 
      (a) Employees Health Benefits Fund. 

        (1) Temporary continued availability. Notwithstanding section 8202, the 
      Employees Health Benefits Fund shall be maintained, and amounts in such 
      Fund shall remain available, after the FEHBP termination date, for such 
      period of time as the Office of Personnel Management considers necessary 
      in order to satisfy any outstanding claims. 

        (2) Final disbursement. After the end of the period referred to in 
      paragraph (1), any amounts remaining in the Fund shall be disbursed 
      (between the Government and former participants in FEHBP) in accordance 
      with a plan which the Office shall prepare, consistent with the 
      cost-sharing ratio between the Government and plan enrollees during the 
      final contract term. The details of any such plan shall be submitted to 
      the President and the Congress at least 1 year before the date of its 
      proposed implementation. 

      (b) Proceedings. After the FEHBP termination date, chapter 89 of title 5, 
    United States Code (as last in effect) shall be considered to have remained 
    in effect for purposes of any suit, action, or other proceeding with 
    respect to any liability incurred or violation which occurred on or before 
    such date. 

      (c) RFEHBA. 

        (1) Repeal. The Retired Federal Employees Health Benefits Act (Public 
      Law 86-724; 74 Stat. 849) is repealed effective as of the FEHBP 
      termination date. 

        (2) Related provisions. After the FEHBP termination date 

          (A) the Retired Employees Health Benefits Fund shall temporarily 
        remain available, and amounts in that fund shall subsequently be 
        disbursed, in a manner comparable to that provided for under subsection 
        (a); and 

          (B) retired employees who, but for this subtitle, would be eligible 
        for coverage under the Retired Federal Employees Health Benefits Act 
        shall be treated, for purposes of this subtitle, as if they were 
        annuitants (subject to any differences in the overall level of coverage 
        or benefits generally afforded them under FEHBP and RFEHBP, 
        respectively, as last in effect). 

        (3) Regulations. Regulations prescribed under section 8206 to carry out 
      this subsection shall include any necessary provisions relating to 
      individuals residing abroad.