| Page Range | 37135-37136 | |
| FR Document | 2015-15992 |
[Federal Register Volume 80, Number 125 (Tuesday, June 30, 2015)] [Rules and Regulations] [Pages 37135-37136] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-15992] ======================================================================== Rules and Regulations Federal Register ________________________________________________________________________ This section of the FEDERAL REGISTER contains regulatory documents having general applicability and legal effect, most of which are keyed to and codified in the Code of Federal Regulations, which is published under 50 titles pursuant to 44 U.S.C. 1510. The Code of Federal Regulations is sold by the Superintendent of Documents. Prices of new books are listed in the first FEDERAL REGISTER issue of each week. ======================================================================== Federal Register / Vol. 80, No. 125 / Tuesday, June 30, 2015 / Rules and Regulations [[Page 37135]] OFFICE OF PERSONNEL MANAGEMENT 5 CFR Part 843 RIN 3206-AN16 Federal Employees' Retirement System; Present Value Conversion Factors for Spouses of Deceased Separated Employees AGENCY: Office of Personnel Management. ACTION: Final rule. ----------------------------------------------------------------------- SUMMARY: The Office of Personnel Management (OPM) is adopting its proposed rule to revise the table of reduction factors for early commencing dates of survivor annuities for spouses of separated employees who die before the date on which they would be eligible for unreduced deferred annuities. This rule is necessary to ensure that the tables conform to the economic and demographic assumptions adopted by the Board of Actuaries and published in the Federal Register on March 20, 2015. DATES: Effective October 1, 2015. FOR FURTHER INFORMATION CONTACT: Roxann Johnson, (202) 606-0299. SUPPLEMENTARY INFORMATION: On March 20, 2015, OPM published at 80 FR 15036, a notice in the Federal Register to revise the normal cost percentages under the Federal Employees' Retirement System (FERS) Act of 1986, Public Law 99-335, 100 Stat. 514, as amended, based on economic assumptions and demographic factors adopted by the Board of Actuaries of the Civil Service Retirement System. Under 5 U.S.C. 8461(i), the demographic factors and economic assumptions require corresponding changes in factors used to produce actuarially equivalence when required by the FERS Act. As a result, on April 3, 2015, at 80 FR 18159, OPM published a proposed rule in the Federal Register to revise the table of reduction factors in Appendix A to subpart C of part 843, Code of Federal Regulations, for early commencing dates of survivor annuities for spouses of separated employees who die before the date on which they would be eligible for unreduced deferred annuities. OPM received no written comments on the proposed rule. Executive Order 12866, Regulatory Review This rule has been reviewed by the Office of Management and Budget in accordance with Executive Order (E.O.) 12866, as amended by E.O. 13258 and E.O. 13422. Regulatory Flexibility Act I certify that this regulation will not have a significant economic impact on a substantial number of small entities because the regulation will only affect retirement payments to surviving current and former spouses of former employees and Members who separated from Federal service with title to a deferred annuity. List of Subjects in 5 CFR Part 843 Air traffic controllers, Disability benefits, Firefighters, Government employees, Law enforcement officers, Pensions, Retirement. U.S. Office of Personnel Management. Katherine Archuleta, Director. For the reasons stated in the preamble, the Office of Personnel Management amends 5 CFR part 843 as follows: PART 843--FEDERAL EMPLOYEES RETIREMENT SYSTEM--DEATH BENEFITS AND EMPLOYEE REFUNDS 0 1. The authority citation for part 843 continues to read as follows: Authority: 5 U.S.C. 8461; Sec. Sec. 843.205, 843.208, and 843.209 also issued under 5 U.S.C. 8424; Sec. 843.309 also issued under 5 U.S.C. 8442; Sec. 843.406 also issued under 5 U.S.C. 8441. Subpart C--Current and Former Spouse Benefits 0 2. Revise Appendix A to subpart C of part 843 to read as follows: APPENDIX A TO SUPART C OF PART 843--PRESENT VALUE CONVERSION FACTORS FOR EARLIER COMENCING DATE OF ANNUITIES OF CURRENT AND FORMER SPOUSES OF DISEASED SEPARATED EMPLOYEES With at least 10 but less than 20 years of creditable service-- ------------------------------------------------------------------------ Age of separated employee at birthday before death Multiplier ------------------------------------------------------------------------ 26......................................................... .0726 27......................................................... .0792 28......................................................... .0859 29......................................................... .0930 30......................................................... .1002 31......................................................... .1081 32......................................................... .1165 33......................................................... .1252 34......................................................... .1343 35......................................................... .1443 36......................................................... .1550 37......................................................... .1664 38......................................................... .1786 39......................................................... .1914 40......................................................... .2053 41......................................................... .2200 42......................................................... .2358 43......................................................... .2528 44......................................................... .2710 45......................................................... .2905 46......................................................... .3114 47......................................................... .3337 48......................................................... .3580 49......................................................... .3839 50......................................................... .4118 51......................................................... .4419 52......................................................... .4745 53......................................................... .5097 54......................................................... .5477 55......................................................... .5889 56......................................................... .6336 57......................................................... .6822 58......................................................... .7350 59......................................................... .7926 60......................................................... .8556 61......................................................... .9244 ------------------------------------------------------------------------ With at least 20, but less than 30 years of creditable service-- ------------------------------------------------------------------------ Age of separated employee at birthday before death Multiplier ------------------------------------------------------------------------ 36......................................................... .1810 37......................................................... .1943 38......................................................... .2086 39......................................................... .2236 40......................................................... .2398 41......................................................... .2570 42......................................................... .2754 43......................................................... .2953 44......................................................... .3166 45......................................................... .3394 46......................................................... .3638 47......................................................... .3899 48......................................................... .4182 [[Page 37136]] 49......................................................... .4485 50......................................................... .4812 51......................................................... .5164 52......................................................... .5545 53......................................................... .5955 54......................................................... .6400 55......................................................... .6881 56......................................................... .7404 57......................................................... .7972 58......................................................... .8590 59......................................................... .9264 ------------------------------------------------------------------------ With at least 30 years of creditable service-- ------------------------------------------------------------------------ Multiplier by separated employee's year of birth Age of separated employee at birthday before death ------------------- From After 1950 1966 through 1966 ------------------------------------------------------------------------ 46.................................................. .4561 .4910 47.................................................. .4889 .5264 48.................................................. .5244 .5646 49.................................................. .5624 .6055 50.................................................. .6035 .6497 51.................................................. .6476 .6973 52.................................................. .6954 .7487 53.................................................. .7469 .8042 54.................................................. .8027 .8643 55.................................................. .8631 .9294 56.................................................. .9287 1.0000 ------------------------------------------------------------------------ [FR Doc. 2015-15992 Filed 6-29-15; 8:45 am] BILLING CODE 6325-38-P
| 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 | Rules and Regulations | |
| Action | Final rule. | |
| Dates | Effective October 1, 2015. | |
| Contact | Roxann Johnson, (202) 606-0299. | |
| FR Citation | 80 FR 37135 | |
| RIN Number | 3206-AN16 | |
| CFR Associated | Air Traffic Controllers; Disability Benefits; Firefighters; Government Employees; Law Enforcement Officers; Pensions and Retirement |