80 FR 25340 - Civil Service Retirement System Board of Actuaries
OFFICE OF PERSONNEL MANAGEMENT Federal Register Volume 80, Issue 85 (May 4, 2015)
Federal Register Volume 80, Issue 85 (May 4, 2015)
| Page Range | 25340-25341 | |
| FR Document | 2015-10297 |
[Federal Register Volume 80, Number 85 (Monday, May 4, 2015)] [Notices] [Pages 25340-25341] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-10297] ----------------------------------------------------------------------- OFFICE OF PERSONNEL MANAGEMENT Civil Service Retirement System Board of Actuaries AGENCY: U.S. Office of Personnel Management. ACTION: Establishment of advisory committee charter. ----------------------------------------------------------------------- SUMMARY: The U.S. Office of Personnel Management announces the establishment of the charter for the Civil Service Retirement System Board of Actuaries. The Board shall provide independent advice and recommendations on matters relating to the Civil Service Retirement and Disability Fund (CSRDF), the Civil Service Retirement System (CSRS) and the Federal Employees' Retirement System (FERS). FOR FURTHER INFORMATION CONTACT: Gregory Kissel, Senior Actuary for Retirement Programs, Office of Personnel Management, 1900 E St. NW., Room 4307, Washington, DC 20415. Phone (202) 606-0722 or email at actuary@opm.gov. SUPPLEMENTARY INFORMATION: The charter for the Civil Service Retirement System Board of Actuaries publishes as follows: 1. Committee's Official Designation: The Committee will be known as the Board of Actuaries of the Civil Service Retirement System (``the Board''). 2. Authority: The Director of the Office of Personnel Management (OPM) is establishing the Board pursuant to 5 U.S.C. 8347(f) and also in accordance with the provisions of the Federal Advisory Committee Act (FACA), as amended, 5 U.S.C. App. 2. 3. Objectives and Scope of Activities: The Board, through the OPM Office of Planning and Policy Analysis (PPA), shall provide the OPM Director with independent advice and recommendations on matters relating to the Civil Service Retirement and Disability Fund (CSRDF), the Civil Service Retirement System (CSRS) and the Federal Employees' Retirement System (FERS), as set out in paragraph four below. 4. Description of Duties: The Board shall furnish its advice and opinion on matters referred to it by OPM, and recommend such changes as in the Board's judgment are necessary to protect the public interest and maintain the Retirement Systems on a sound financial basis and, in doing so, shall: a. Report annually on the actuarial status of the Retirement Systems; b. Review actuarial valuations no less often than once every five years, or more often if considered necessary by OPM; and c. In response to an agency appeal of an amount payable for FERS under 5 U.S.C. 8423(c), and in accordance with the regulations established under 5 CFR 841 Subpart D, review the computations of OPM and recommend any adjustment with respect to any such amount which the Board determines appropriate. 5. Agency or Official to Whom the Committee Reports: The Board shall report to the OPM Director, through OPM PPA. The OPM Director may act upon the Board's advice and recommendations. 6. Support: OPM shall provide administrative services and support as deemed necessary for the Board's performance of its functions. 7. Estimated Annual Operating Costs and Staff Years: Based on one expected annual meeting of the Board, the estimated annual operating cost, to include reimbursement for travel, meetings, and administrative support, is approximately $30,000. The estimated annual personnel cost to OPM is 0.3 FTEs. Costs may exceed this estimate if additional ad hoc meetings are needed (e.g. due to a statutory change or an agency appeal). 8. Designated Federal Officer: OPM's Senior Actuary for Retirement Programs serves as the Board's Designated Federal Officer (DFO). OPM's Chief Actuary serves as the Board's Alternate DFO. The Board's DFO, or Alternate DFO, is required to be in attendance at all meetings of the Board for the entire duration of each and every meeting. The DFO, or the Alternate DFO, shall call all meetings of the Board; prepare and approve all meeting agendas; and adjourn any meeting when the DFO, or the Alternate DFO, determines adjournment to be in the public interest or required by governing regulations or OPM policies and procedures. 9. Estimated Number and Frequency of Meetings: The Board shall meet at the call of the Board's DFO, or Alternate DFO, in consultation with the Board's Chair. The estimated number of Board meetings is one per year. 10. Duration: Continuing. 5 U.S.C. 8347(f) provides for a permanent role for the Board. 11. Termination: The Board shall terminate upon rescission of 5 U.S.C. 8347(f) and is subject to biennial review and will become inactive 2 years from the date the charter is filed, unless prior to that date, the charter is renewed in accordance with Section 14 of the FACA. The Board will not meet or take any action without a valid current charter. 12. Membership and Designation: The Board shall be comprised of three members who are appointed by the OPM Director from among professional actuaries who are members of the American Academy of Actuaries and qualified under actuarial standards of practice to issue a statement of actuarial opinion on defined benefit retirement plans. Board members appointed by the OPM Director, who are not full-time or permanent part-time Federal employees, shall be appointed as experts and consultants, pursuant to 5 U.S.C. 3109, to serve as special government employee (SGE) members, and shall, pursuant to 5 U.S.C. 8347(f), serve with compensation, to include official Board-related travel and per diem. A member of the Board who is not an employee of the United States is entitled to receive pay at the daily equivalent of the annual rate of basic pay of the highest rate of basic pay than is currently being paid under the General Schedule of subchapter III of chapter 53 of title 5, U.S.C., for each day the member is engaged in the performance of the duties of the Board. Board members appointed by the OPM Director, who are full-time or permanent part-time Federal employees, shall be appointed, pursuant to 41 CFR 102-3.130(a), to serve as regular government employee (RGE) members. Each Board member is appointed to provide advice to the government on the basis of his or her best judgment without representing any particular point of view and in a manner that is free from conflict of interest. [[Page 25341]] 13. Subcommittees: The Board, in coordination with the DFO, has the authority to create subcommittees or working groups. 14. Recordkeeping: The records of the Board shall be handled according to section 2, General Records Schedule 26, and governing OPM policies and procedures. These records will be available for public inspection and copying, subject to the Freedom of Information Act of 1966 (5 U.S.C. 552, as amended). U.S. Office of Personnel Management. Katherine L. Archuleta, Director. [FR Doc. 2015-10297 Filed 5-1-15; 8:45 am] BILLING CODE 6325-63-P
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Authorization
Agency name Organization name Position title Vacate date
number
Special Assistant ........................... DY140022 ..................................... 2/18/2015
Authority: 5 U.S.C. 3301 and 3302; E.O. Service Retirement System (CSRS) and or required by governing regulations or
10577, 3 CFR, 1954–1958 Comp., p. 218. the Federal Employees’ Retirement OPM policies and procedures.
U.S. Office of Personnel Management. System (FERS), as set out in paragraph 9. Estimated Number and Frequency
Katherine Archuleta, four below. of Meetings: The Board shall meet at the
Director.
4. Description of Duties: The Board call of the Board’s DFO, or Alternate
shall furnish its advice and opinion on DFO, in consultation with the Board’s
[FR Doc. 2015–10300 Filed 5–1–15; 8:45 am]
matters referred to it by OPM, and Chair. The estimated number of Board
BILLING CODE 6325–39–P
recommend such changes as in the meetings is one per year.
Board’s judgment are necessary to 10. Duration: Continuing. 5 U.S.C.
protect the public interest and maintain 8347(f) provides for a permanent role for
OFFICE OF PERSONNEL the Board.
the Retirement Systems on a sound
MANAGEMENT 11. Termination: The Board shall
financial basis and, in doing so, shall:
a. Report annually on the actuarial terminate upon rescission of 5 U.S.C.
Civil Service Retirement System Board
status of the Retirement Systems; 8347(f) and is subject to biennial review
of Actuaries
b. Review actuarial valuations no less and will become inactive 2 years from
AGENCY: U.S. Office of Personnel often than once every five years, or more the date the charter is filed, unless prior
Management. often if considered necessary by OPM; to that date, the charter is renewed in
ACTION: Establishment of advisory and accordance with Section 14 of the
committee charter. c. In response to an agency appeal of FACA. The Board will not meet or take
an amount payable for FERS under 5 any action without a valid current
SUMMARY: The U.S. Office of Personnel U.S.C. 8423(c), and in accordance with charter.
Management announces the the regulations established under 5 CFR 12. Membership and Designation: The
establishment of the charter for the Civil 841 Subpart D, review the computations Board shall be comprised of three
Service Retirement System Board of of OPM and recommend any adjustment members who are appointed by the
Actuaries. The Board shall provide with respect to any such amount which OPM Director from among professional
independent advice and the Board determines appropriate. actuaries who are members of the
recommendations on matters relating to 5. Agency or Official to Whom the American Academy of Actuaries and
the Civil Service Retirement and Committee Reports: The Board shall qualified under actuarial standards of
Disability Fund (CSRDF), the Civil report to the OPM Director, through practice to issue a statement of actuarial
Service Retirement System (CSRS) and OPM PPA. The OPM Director may act opinion on defined benefit retirement
the Federal Employees’ Retirement upon the Board’s advice and plans.
System (FERS). recommendations. Board members appointed by the
6. Support: OPM shall provide OPM Director, who are not full-time or
FOR FURTHER INFORMATION CONTACT:
administrative services and support as permanent part-time Federal employees,
Gregory Kissel, Senior Actuary for
deemed necessary for the Board’s shall be appointed as experts and
Retirement Programs, Office of
performance of its functions. consultants, pursuant to 5 U.S.C. 3109,
Personnel Management, 1900 E St. NW.,
7. Estimated Annual Operating Costs to serve as special government
Room 4307, Washington, DC 20415.
and Staff Years: Based on one expected employee (SGE) members, and shall,
Phone (202) 606–0722 or email at
annual meeting of the Board, the pursuant to 5 U.S.C. 8347(f), serve with
actuary@opm.gov.
estimated annual operating cost, to compensation, to include official Board-
SUPPLEMENTARY INFORMATION: The include reimbursement for travel, related travel and per diem. A member
charter for the Civil Service Retirement meetings, and administrative support, is of the Board who is not an employee of
System Board of Actuaries publishes as approximately $30,000. The estimated the United States is entitled to receive
follows: annual personnel cost to OPM is 0.3 pay at the daily equivalent of the annual
1. Committee’s Official Designation: FTEs. Costs may exceed this estimate if rate of basic pay of the highest rate of
The Committee will be known as the additional ad hoc meetings are needed basic pay than is currently being paid
Board of Actuaries of the Civil Service (e.g. due to a statutory change or an under the General Schedule of
Retirement System (‘‘the Board’’). agency appeal). subchapter III of chapter 53 of title 5,
2. Authority: The Director of the 8. Designated Federal Officer: OPM’s U.S.C., for each day the member is
Office of Personnel Management (OPM) Senior Actuary for Retirement Programs engaged in the performance of the
is establishing the Board pursuant to 5 serves as the Board’s Designated Federal duties of the Board.
U.S.C. 8347(f) and also in accordance Officer (DFO). OPM’s Chief Actuary Board members appointed by the
with the provisions of the Federal serves as the Board’s Alternate DFO. OPM Director, who are full-time or
Advisory Committee Act (FACA), as The Board’s DFO, or Alternate DFO, permanent part-time Federal employees,
amended, 5 U.S.C. App. 2. is required to be in attendance at all shall be appointed, pursuant to 41 CFR
mstockstill on DSK4VPTVN1PROD with NOTICES
3. Objectives and Scope of Activities: meetings of the Board for the entire 102–3.130(a), to serve as regular
The Board, through the OPM Office of duration of each and every meeting. The government employee (RGE) members.
Planning and Policy Analysis (PPA), DFO, or the Alternate DFO, shall call all Each Board member is appointed to
shall provide the OPM Director with meetings of the Board; prepare and provide advice to the government on the
independent advice and approve all meeting agendas; and basis of his or her best judgment
recommendations on matters relating to adjourn any meeting when the DFO, or without representing any particular
the Civil Service Retirement and the Alternate DFO, determines point of view and in a manner that is
Disability Fund (CSRDF), the Civil adjournment to be in the public interest free from conflict of interest.
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![Federal Register / Vol. 80, No. 85 / Monday, May 4, 2015 / Notices 25341
13. Subcommittees: The Board, in each registrant approximately 30 SECURITIES AND EXCHANGE
coordination with the DFO, has the minutes, for a total burden of 19.5 hours COMMISSION
authority to create subcommittees or (39 × .5 hours). Approximately 26.7% of
[Release No. 34–74825; File No. SR–
working groups. registrants (or 115 registrants) would be NYSEMKT–2015–27]
14. Recordkeeping: The records of the required to answer questions 1 through
Board shall be handled according to 5, question 11 and the signature section, Self-Regulatory Organizations; NYSE
section 2, General Records Schedule 26, which the Commission estimates would MKT LLC; Notice of Filing of Proposed
and governing OPM policies and take approximately 1 hour and 30 Rule Change To Amend the Sixth
procedures. These records will be minutes, for a total of 172.5 hours (115 Amended and Restated Operating
available for public inspection and
× 1.5 hours). Approximately 64.2% of Agreement of the Exchange
copying, subject to the Freedom of
the registrants (or 275 registrants) would April 28, 2015.
Information Act of 1966 (5 U.S.C. 552,
be required to complete the entire Form Pursuant to Section 19(b)(1) 1 of the
as amended).
TA–2, which the Commission estimates Securities Exchange Act of 1934 (the
U.S. Office of Personnel Management.
would take approximately 6 hours, for ‘‘Act’’)2 and Rule 19b–4 thereunder,3
Katherine L. Archuleta, a total of 1,650 hours (275 × 6 hours). notice is hereby given that, on April 17,
Director. The aggregate annual burden on all 429 2015, NYSE MKT LLC (the ‘‘Exchange’’
[FR Doc. 2015–10297 Filed 5–1–15; 8:45 am] registered transfer agents is thus or ‘‘NYSE MKT’’) filed with the
BILLING CODE 6325–63–P approximately 1,842 hours (19.5 hours + Securities and Exchange Commission
172.5 hours + 1,650 hours) and the (the ‘‘Commission’’) the proposed rule
average annual burden per transfer change as described in Items I, II, and
SECURITIES AND EXCHANGE agent is approximately 4.3 hours (1,842 III below, which Items have been
COMMISSION ÷ 429). prepared by the self-regulatory
This rule does not involve the organization. The Commission is
Submission for OMB Review; publishing this notice to solicit
Comment Request collection of confidential information.
comments on the proposed rule change
An agency may not conduct or from interested persons.
Upon Written Request, Copies Available sponsor, and a person is not required to
From: Securities and Exchange I. Self-Regulatory Organization’s
respond to, a collection of information
Commission, Office of FOIA Services, Statement of the Terms of Substance of
under the PRA unless it displays a
100 F Street NE., Washington, DC the Proposed Rule Change
20549–2736. currently valid OMB control number.
The public may view background The Exchange proposes to amend the
Extension: Sixth Amended and Restated Operating
Rule 17Ac2–2 and Form TA–2, SEC File documentation for this information
collection at the Agreement of the Exchange (‘‘Operating
No. 270–298, OMB Control No. 3235–
0337.
Agreement’’) to (1) establish a
following Web site: www.reginfo.gov. Regulatory Oversight Committee
Notice is hereby given that pursuant Comments should be directed to: (i) (‘‘ROC’’) as a committee of the board of
to the Paperwork Reduction Act of 1995 Desk Officer for the Securities and directors of the Exchange (the ‘‘Board’’),
(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the Exchange Commission, Office of and (2) remove the requirement that the
Securities and Exchange Commission Information and Regulatory Affairs, independent directors that make up the
(‘‘Commission’’) has submitted to the Office of Management and Budget, majority of the Board also be directors
Office of Management and Budget Room 10102, New Executive Office of Intercontinental Exchange, Inc., the
(‘‘OMB’’) a request for approval of the Building, Washington, DC 20503, or by Exchange’s parent company. The text of
existing collection of information sending an email to: the proposed rule change is available on
provided for in Rule 17Ac2–2 (17 CFR Shagufta_Ahmed@omb.eop.gov; and (ii) the Exchange’s Web site at
240.17Ac2–2) and Form TA–2 under the Pamela Dyson, Director/Chief www.nyse.com, at the principal office of
Securities Exchange Act of 1934 (15 the Exchange, and at the Commission’s
Information Officer, Securities and
U.S.C. 78a et seq.) (‘‘Exchange Act’’). Public Reference Room.
Rule 17Ac2–2 and Form TA–2 under Exchange Commission, c/o Remi Pavlik-
the Exchange Act require transfer agents Simon, 100 F Street NE., Washington, II. Self-Regulatory Organization’s
to file an annual report of their business DC 20549, or by sending an email to: Statement of the Purpose of, and
activities with the Commission. These PRA_Mailbox@sec.gov. Comments must Statutory Basis for, the Proposed Rule
reporting requirements are designed to be submitted to OMB within 30 days of Change
ensure that all registered transfer agents this notice. In its filing with the Commission, the
are providing the Commission with Dated: April 28, 2015. self-regulatory organization included
sufficient information on an annual Brent J. Fields, statements concerning the purpose of,
basis about the transfer agent and basis for, the proposed rule change
Secretary.
community and to permit the and discussed any comments it received
[FR Doc. 2015–10285 Filed 5–1–15; 8:45 am]
Commission to effectively monitor on the proposed rule change. The text
business activities of transfer agents. BILLING CODE 8011–01–P
of those statements may be examined at
The amount of time needed to comply the places specified in Item IV below.
mstockstill on DSK4VPTVN1PROD with NOTICES
with the requirements of amended Rule The Exchange has prepared summaries,
17Ac2–2 and Form TA–2 varies. Of the set forth in sections A, B, and C below,
total 429 registered transfer agents, of the most significant parts of such
approximately 9.1% (or 39 registrants) statements.
would be required to complete only
questions 1 through 3 and the signature 1 15 U.S.C.78s(b)(1).
section of amended Form TA–2, which 2 15 U.S.C. 78a.
the Commission estimates would take 3 17 CFR 240.19b–4.
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Document Created: 2018-02-21 10:22:48
Document Modified: 2018-02-21 10:22:48
| 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 | Establishment of advisory committee charter. | |
| Contact | Gregory Kissel, Senior Actuary for Retirement Programs, Office of Personnel Management, 1900 E St. NW., Room 4307, Washington, DC 20415. Phone (202) 606-0722 or email at [email protected] | |
| FR Citation | 80 FR 25340 |
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