80 FR 19705 - Submission for Review: Election Regarding Payment of Health and/or Life Insurance Premiums (Negative Net Annuity), RI 79-31, 3206-XXXX

OFFICE OF PERSONNEL MANAGEMENT

Federal Register Volume 80, Issue 70 (April 13, 2015)

Page Range		19705-19705
FR Document		2015-08460

The Retirement Services, Office of Personnel Management (OPM) offers the general public and other Federal agencies the opportunity to comment on a new information collection, Election Regarding Payment of Health and/or Life Insurance Premiums (Negative Net Annuity), RI 79-31. As required by the Paperwork Reduction Act of 1995, (Pub. L. 104-13, 44 U.S.C. chapter 35) as amended by the Clinger-Cohen Act (Pub. L. 104- 106), OPM is soliciting comments for this collection.

Federal Register, Volume 80 Issue 70 (Monday, April 13, 2015)

[Federal Register Volume 80, Number 70 (Monday, April 13, 2015)]
[Notices]
[Page 19705]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-08460]



[[Page 19705]]

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OFFICE OF PERSONNEL MANAGEMENT


Submission for Review: Election Regarding Payment of Health and/
or Life Insurance Premiums (Negative Net Annuity), RI 79-31, 3206-XXXX

AGENCY: U.S. Office of Personnel Management.

ACTION: 60-day notice and request for comments.

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SUMMARY: The Retirement Services, Office of Personnel Management (OPM) 
offers the general public and other Federal agencies the opportunity to 
comment on a new information collection, Election Regarding Payment of 
Health and/or Life Insurance Premiums (Negative Net Annuity), RI 79-31. 
As required by the Paperwork Reduction Act of 1995, (Pub. L. 104-13, 44 
U.S.C. chapter 35) as amended by the Clinger-Cohen Act (Pub. L. 104-
106), OPM is soliciting comments for this collection.

DATES: Comments are encouraged and will be accepted until June 12, 
2015. This process is conducted in accordance with 5 CFR 1320.1.

ADDRESSES: Interested persons are invited to submit written comments on 
the proposed information collection to the U.S. Office of Personnel 
Management, Retirement Services, 1900 E. Street NW., Room 2349, 
Washington, DC 20415-3500, Attention: Alberta Butler, or sent by email 
to [email protected].

FOR FURTHER INFORMATION CONTACT: A copy of this ICR, with applicable 
supporting documentation, may be obtained by contacting the Retirement 
Services Publications Team, Office of Personnel Management, 1900 E. 
Street NW., Room 3316-AC, Washington, DC 20503, Attention: Cyrus S. 
Benson or sent by email to [email protected].

SUPPLEMENTARY INFORMATION: The Office of Management and Budget is 
particularly interested in comments that:
    1. Evaluate whether the proposed collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility;
    2. Evaluate the accuracy of the agency's estimate of the burden of 
the proposed collection of information, including the validity of the 
methodology and assumptions used;
    3. Enhance the quality, utility, and clarity of the information to 
be collected; and
    4. Minimize the burden of the collection of information on those 
who are to respond, including through the use of appropriate automated, 
electronic, mechanical, or other technological collection techniques or 
other forms of information technology, e.g., permitting electronic 
submissions of responses.
    Title 5, U.S. Code, chapter 84, section 8905a, and chapter 87, 
section 8707 provides that the proper amount of health benefit and life 
insurance premiums are withheld from the annuity of retirees, 
survivors, and former spouses. There are instances when annuity is 
insufficient to withhold the cost of premiums. Title 5, Code of Federal 
Regulations, part 890.304(b) provide instructions for annuitants and 
survivors to elect a health plan with a withholding that is not in 
excess of the annuity. It informs individuals or their rights in the 
event an election is not made within a time limit. Title 5, Code of 
Federal Regulations part 890.806(m) addresses actions required by 
former spouses. Individuals have an option to elect a less expensive 
plan or to make direct payments. Form RI 79-31 is needed to provide the 
individual with an opportunity to choose a less costly plan for which 
deductions can be withheld from the payment from the Civil Service 
Retirement and Disability Fund, or to be advised of their option to 
make direct out-of pocket payment to the retirement fund.
    The appropriate regulations for making life insurance elections 
that do not exceed annuity or to make direct payment to the retirement 
fund are found in title 5, Code of Federal Regulations, part 870-401--
870-405.
    This form is a combination of two forms. Rather than collect 
information separately, the RI 79-31 is combined to collect election 
decisions on health and life insurance coverage.

Analysis

    Agency: Retirement Operations, Retirement Services, Office of 
Personnel Management.
    Title: Election Regarding Payment of Health and/or Life Insurance 
Premiums (Negative Net Annuity).
    OMB Number: 3206-XXXX.
    Frequency: On occasion.
    Affected Public: Individuals or households.
    Number of Respondents: 1,000.
    Estimated Time per Respondent: 20 minutes.
    Total Burden Hours: 333 hours.

U.S. Office of Personnel Management.
Katherine Archuleta,
Director.
[FR Doc. 2015-08460 Filed 4-10-15; 8:45 am]
 BILLING CODE 6325-38-P

Federal Register / Vol. 80, No. 70 / Monday, April 13, 2015 / Notices 19705

OFFICE OF PERSONNEL 4. Minimize the burden of the U.S. Office of Personnel Management.
MANAGEMENT collection of information on those who Katherine Archuleta,
are to respond, including through the Director.
Submission for Review: Election use of appropriate automated, [FR Doc. 2015–08460 Filed 4–10–15; 8:45 am]
Regarding Payment of Health and/or electronic, mechanical, or other BILLING CODE 6325–38–P
Life Insurance Premiums (Negative Net technological collection techniques or
Annuity), RI 79–31, 3206–XXXX other forms of information technology,
e.g., permitting electronic submissions
AGENCY: U.S. Office of Personnel SECURITIES AND EXCHANGE
of responses.
Management. COMMISSION
ACTION: 60-day notice and request for Title 5, U.S. Code, chapter 84, section
8905a, and chapter 87, section 8707 [Release No. 34–74668; File No. SR–CBOE–
comments.
provides that the proper amount of 2015–032]
SUMMARY: The Retirement Services, health benefit and life insurance
Office of Personnel Management (OPM) premiums are withheld from the Self-Regulatory Organizations;
offers the general public and other annuity of retirees, survivors, and Chicago Board Options Exchange,
Federal agencies the opportunity to former spouses. There are instances Incorporated; Notice of Filing and
comment on a new information when annuity is insufficient to withhold Immediate Effectiveness of a Proposed
collection, Election Regarding Payment the cost of premiums. Title 5, Code of Rule Change To Amend the Fees
of Health and/or Life Insurance Federal Regulations, part 890.304(b) Schedule
Premiums (Negative Net Annuity), RI provide instructions for annuitants and April 7, 2015.
79–31. As required by the Paperwork survivors to elect a health plan with a Pursuant to Section 19(b)(1) of the
Reduction Act of 1995, (Pub. L. 104–13, withholding that is not in excess of the Securities Exchange Act of 1934 (the
44 U.S.C. chapter 35) as amended by the annuity. It informs individuals or their ‘‘Act’’),1 and Rule 19b–4 thereunder,2
Clinger-Cohen Act (Pub. L. 104–106), rights in the event an election is not notice is hereby given that on March 27,
OPM is soliciting comments for this made within a time limit. Title 5, Code 2015, Chicago Board Options Exchange,
collection. of Federal Regulations part 890.806(m) Incorporated (the ‘‘Exchange’’ or
DATES: Comments are encouraged and addresses actions required by former ‘‘CBOE’’) filed with the Securities and
will be accepted until June 12, 2015. spouses. Individuals have an option to Exchange Commission (the
This process is conducted in accordance elect a less expensive plan or to make ‘‘Commission’’) the proposed rule
with 5 CFR 1320.1. direct payments. Form RI 79–31 is change as described in Items I, II, and
needed to provide the individual with III below, which Items have been
ADDRESSES: Interested persons are
an opportunity to choose a less costly prepared by the Exchange. The
invited to submit written comments on
plan for which deductions can be Commission is publishing this notice to
the proposed information collection to
withheld from the payment from the solicit comments on the proposed rule
the U.S. Office of Personnel
Civil Service Retirement and Disability change from interested persons.
Management, Retirement Services, 1900
Fund, or to be advised of their option
E. Street NW., Room 2349, Washington, I. Self-Regulatory Organization’s
to make direct out-of pocket payment to
DC 20415–3500, Attention: Alberta Statement of the Terms of Substance of
the retirement fund.
Butler, or sent by email to the Proposed Rule Change
Alberta.Butler@opm.gov. The appropriate regulations for
making life insurance elections that do The Exchange proposes to amend its
FOR FURTHER INFORMATION CONTACT: A
not exceed annuity or to make direct Fees Schedule. The text of the proposed
copy of this ICR, with applicable
payment to the retirement fund are rule change is available on the
supporting documentation, may be
found in title 5, Code of Federal Exchange’s Web site (http://
obtained by contacting the Retirement
Regulations, part 870–401—870–405. www.cboe.com/AboutCBOE/
Services Publications Team, Office of
This form is a combination of two CBOELegalRegulatoryHome.aspx), at
Personnel Management, 1900 E. Street
forms. Rather than collect information the Exchange’s Office of the Secretary,
NW., Room 3316–AC, Washington, DC
separately, the RI 79–31 is combined to and at the Commission’s Public
20503, Attention: Cyrus S. Benson or
collect election decisions on health and Reference Room.
sent by email to Cyrus.Benson@
opm.gov. life insurance coverage. II. Self-Regulatory Organization’s
SUPPLEMENTARY INFORMATION: The Office Analysis Statement of the Purpose of, and
of Management and Budget is Statutory Basis for, the Proposed Rule
particularly interested in comments Agency: Retirement Operations, Change
that: Retirement Services, Office of Personnel In its filing with the Commission, the
1. Evaluate whether the proposed Management. Exchange included statements
collection of information is necessary Title: Election Regarding Payment of concerning the purpose of and basis for
for the proper performance of the Health and/or Life Insurance Premiums the proposed rule change and discussed
functions of the agency, including (Negative Net Annuity). any comments it received on the
whether the information will have OMB Number: 3206–XXXX. proposed rule change. The text of these
practical utility; statements may be examined at the
Frequency: On occasion.
mstockstill on DSK4VPTVN1PROD with NOTICES

2. Evaluate the accuracy of the places specified in Item IV below. The
agency’s estimate of the burden of the Affected Public: Individuals or Exchange has prepared summaries, set
proposed collection of information, households. forth in sections A, B, and C below, of
including the validity of the Number of Respondents: 1,000. the most significant aspects of such
methodology and assumptions used; statements.
3. Enhance the quality, utility, and Estimated Time per Respondent: 20
clarity of the information to be minutes. 1 15 U.S.C. 78s(b)(1).
collected; and Total Burden Hours: 333 hours. 2 17 CFR 240.19b–4.

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Document Created: 2015-12-18 11:21:46
Document Modified: 2015-12-18 11:21:46

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		60-day notice and request for comments.
Dates		Comments are encouraged and will be accepted until June 12, 2015. This process is conducted in accordance with 5 CFR 1320.1.
Contact		A copy of this ICR, with applicable supporting documentation, may be obtained by contacting the Retirement Services Publications Team, Office of Personnel Management, 1900 E. Street NW., Room 3316-AC, Washington, DC 20503, Attention: Cyrus S. Benson or sent by email to [email protected]
FR Citation		80 FR 19705