80_FR_37260 80 FR 37135 - Federal Employees' Retirement System; Present Value Conversion Factors for Spouses of Deceased Separated Employees

80 FR 37135 - Federal Employees' Retirement System; Present Value Conversion Factors for Spouses of Deceased Separated Employees

OFFICE OF PERSONNEL MANAGEMENT

Federal Register Volume 80, Issue 125 (June 30, 2015)

Page Range37135-37136
FR Document2015-15992

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.

Federal Register, Volume 80 Issue 125 (Tuesday, June 30, 2015) 
[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

37135 Rules and Regulations Federal Register Vol. 80, No. 125 Tuesday, June 30, 2015 This section of the FEDERAL REGISTER Federal Register to revise the table of APPENDIX A TO SUPART C OF PART contains regulatory documents having general reduction factors in Appendix A to 843—PRESENT VALUE CONVERSION applicability and legal effect, most of which subpart C of part 843, Code of Federal FACTORS FOR EARLIER COMENCING are keyed to and codified in the Code of Regulations, for early commencing dates DATE OF ANNUITIES OF CURRENT Federal Regulations, which is published under of survivor annuities for spouses of AND FORMER SPOUSES OF 50 titles pursuant to 44 U.S.C. 1510. separated employees who die before the DISEASED SEPARATED EMPLOYEES The Code of Federal Regulations is sold by date on which they would be eligible for With at least 10 but less than 20 years of the Superintendent of Documents. Prices of unreduced deferred annuities. OPM creditable service— new books are listed in the first FEDERAL received no written comments on the REGISTER issue of each week. proposed rule. Age of separated employee at Multiplier birthday before death Executive Order 12866, Regulatory OFFICE OF PERSONNEL Review 26 .............................................. .0726 MANAGEMENT 27 .............................................. .0792 This rule has been reviewed by the 28 .............................................. .0859 5 CFR Part 843 Office of Management and Budget in 29 .............................................. .0930 accordance with Executive Order (E.O.) 30 .............................................. .1002 RIN 3206–AN16 12866, as amended by E.O. 13258 and 31 .............................................. .1081 E.O. 13422. 32 .............................................. .1165 Federal Employees’ Retirement 33 .............................................. .1252 System; Present Value Conversion Regulatory Flexibility Act 34 .............................................. .1343 Factors for Spouses of Deceased 35 .............................................. .1443 Separated Employees I certify that this regulation will not 36 .............................................. .1550 have a significant economic impact on 37 .............................................. .1664 AGENCY: Office of Personnel a substantial number of small entities 38 .............................................. .1786 Management. because the regulation will only affect 39 .............................................. .1914 retirement payments to surviving 40 .............................................. .2053 ACTION: Final rule. 41 .............................................. .2200 current and former spouses of former 42 .............................................. .2358 SUMMARY: The Office of Personnel employees and Members who separated 43 .............................................. .2528 Management (OPM) is adopting its from Federal service with title to a 44 .............................................. .2710 proposed rule to revise the table of deferred annuity. 45 .............................................. .2905 reduction factors for early commencing 46 .............................................. .3114 dates of survivor annuities for spouses List of Subjects in 5 CFR Part 843 47 .............................................. .3337 of separated employees who die before 48 .............................................. .3580 Air traffic controllers, Disability 49 .............................................. .3839 the date on which they would be benefits, Firefighters, Government eligible for unreduced deferred 50 .............................................. .4118 employees, Law enforcement officers, 51 .............................................. .4419 annuities. This rule is necessary to Pensions, Retirement. 52 .............................................. .4745 ensure that the tables conform to the 53 .............................................. .5097 economic and demographic U.S. Office of Personnel Management. 54 .............................................. .5477 assumptions adopted by the Board of Katherine Archuleta, 55 .............................................. .5889 Actuaries and published in the Federal Director. 56 .............................................. .6336 Register on March 20, 2015. 57 .............................................. .6822 For the reasons stated in the 58 .............................................. .7350 DATES: Effective October 1, 2015. preamble, the Office of Personnel 59 .............................................. .7926 FOR FURTHER INFORMATION CONTACT: Management amends 5 CFR part 843 as 60 .............................................. .8556 Roxann Johnson, (202) 606–0299. follows: 61 .............................................. .9244 SUPPLEMENTARY INFORMATION: On March 20, 2015, OPM published at 80 FR PART 843—FEDERAL EMPLOYEES With at least 20, but less than 30 years of 15036, a notice in the Federal Register RETIREMENT SYSTEM—DEATH creditable service— to revise the normal cost percentages BENEFITS AND EMPLOYEE REFUNDS Age of separated employee at under the Federal Employees’ birthday before death Multiplier Retirement System (FERS) Act of 1986, ■ 1. The authority citation for part 843 Public Law 99–335, 100 Stat. 514, as continues to read as follows: 36 .............................................. .1810 amended, based on economic Authority: 5 U.S.C. 8461; §§ 843.205, 37 .............................................. .1943 assumptions and demographic factors 843.208, and 843.209 also issued under 5 38 .............................................. .2086 adopted by the Board of Actuaries of the U.S.C. 8424; § 843.309 also issued under 5 39 .............................................. .2236 asabaliauskas on DSK5VPTVN1PROD with RULES Civil Service Retirement System. Under 40 .............................................. .2398 U.S.C. 8442; § 843.406 also issued under 5 5 U.S.C. 8461(i), the demographic 41 .............................................. .2570 U.S.C. 8441. 42 .............................................. .2754 factors and economic assumptions 43 .............................................. .2953 require corresponding changes in factors Subpart C—Current and Former 44 .............................................. .3166 used to produce actuarially equivalence Spouse Benefits 45 .............................................. .3394 when required by the FERS Act. As a 46 .............................................. .3638 result, on April 3, 2015, at 80 FR 18159, ■ 2. Revise Appendix A to subpart C of 47 .............................................. .3899 OPM published a proposed rule in the part 843 to read as follows: 48 .............................................. .4182 VerDate Sep<11>2014 16:01 Jun 29, 2015 Jkt 235001 PO 00000 Frm 00001 Fmt 4700 Sfmt 4700 E:\FR\FM\30JNR1.SGM 30JNR1

37136 Federal Register / Vol. 80, No. 125 / Tuesday, June 30, 2015 / Rules and Regulations Age of separated employee at procedures AHRI Standard 310/380– SUPPLEMENTARY INFORMATION: This final Multiplier birthday before death 2014, ANSI/ASHRAE Standard 16–1983 rule incorporates by reference into Part (RA 2014), ANSI/ASHRAE Standard 37– 431 the following industry standards: 49 .............................................. .4485 2009, and ANSI/ASHRAE Standard 58– (1) AHRI Standard 310/380–2014 50 .............................................. .4812 1986 (RA 2014), and specify additional (‘‘AHRI 310/380–2014’’), (Supersedes 51 .............................................. .5164 52 .............................................. .5545 testing provisions that must be followed ANSI/AHRI 310/380–2004), ‘‘Standard 53 .............................................. .5955 including an optional break-in period, for Packaged Terminal Air-Conditioners 54 .............................................. .6400 require that cooling capacity tests be and Heat Pumps,’’ published February 55 .............................................. .6881 conducted using electricity measuring 2014. 56 .............................................. .7404 instruments accurate to +/¥ 0.5% of (2) ANSI/ASHRAE Standard 16–1983 57 .............................................. .7972 reading, explicitly require that wall (RA 2014), (‘‘ANSI/ASHRAE 16’’), 58 .............................................. .8590 sleeves be sealed, allow for the pre- ‘‘Method of Testing for Rating Room Air 59 .............................................. .9264 filling of the condensate drain pan, and Conditioners and Packaged Terminal require testing with 14-inch deep wall Air Conditioners,’’ ASHRAE reaffirmed With at least 30 years of creditable sleeves and the filter option most July 3, 2014. service— representative of a typical installation. (3) ANSI/ASHRAE Standard 58–1986 Multiplier by sepa- (RA 2014), (‘‘ANSI/ASHRAE 58’’), DATES: The effective date of this rule is rated employee’s ‘‘Method of Testing for Rating Room July 30, 2015. The final rule changes Age of separated em- year of birth Air-Conditioner and Packaged Terminal will be mandatory for representations ployee at birthday be- Air-Conditioner Heating Capacity,’’ From starting June 24, 2016. The fore death After 1950 ASHRAE reaffirmed July 3, 2014. incorporation by reference of certain 1966 through (4) ANSI/ASHRAE Standard 37–2009, publications listed in this rule was 1966 (‘‘ANSI/ASHRAE 37’’) (Supersedes approved by the Director of the Federal ANSI/ASHRAE Standard 37–2005), 46 .................................. .4561 .4910 Register as of July 30, 2015. ‘‘Methods of Testing for Rating 47 .................................. .4889 .5264 ADDRESSES: The docket, which includes Electrically Driven Unitary Air- 48 .................................. .5244 .5646 Federal Register notices, public meeting Conditioning and Heat Pump 49 .................................. .5624 .6055 50 .................................. .6035 .6497 attendee lists and transcripts, Equipment,’’ ASHRAE approved June 51 .................................. .6476 .6973 comments, and other supporting 20, 2009; ANSI approved June 25, 2009. 52 .................................. .6954 .7487 documents/materials, is available for You can obtain copies of AHRI 53 .................................. .7469 .8042 review at www.regulations.gov. All standards from the Air-Conditioning, 54 .................................. .8027 .8643 documents in the docket are listed in Heating, and Refrigeration Institute, 55 .................................. .8631 .9294 the www.regulations.gov index. 2111 Wilson Boulevard, Suite 500, 56 .................................. .9287 1.0000 However, some documents listed in the Arlington, VA 22201, 703–524–8800, or index, such as those containing www.ahrinet.org. You can obtain copies [FR Doc. 2015–15992 Filed 6–29–15; 8:45 am] information that is exempt from public of ASHRAE standards from the BILLING CODE 6325–38–P disclosure, may not be publicly American Society of Heating, available. Refrigerating and Air-Conditioning A link to the docket Web page can be Engineers, 1791 Tullie Circle, NE. DEPARTMENT OF ENERGY found at: http://www.regulations.gov/ Atlanta, GA 30329, 404–636–8400, or #!docketDetail;D=EERE-2012-BT-TP- www.ashrae.org. 10 CFR Parts 429 and 431 0032. This Web page will contain a link Table of Contents [Docket No. EERE–2012–BT–TP–0032] to the docket for this notice on the regulations.gov site. The regulations.gov I. Authority and Background RIN 1904–AD19 A. General Test Procedure Rulemaking Web page will contain simple Process Energy Conservation Program: Test instructions on how to access all B. DOE PTAC and PTHP Test Procedures Procedures for Packaged Terminal Air documents, including public comments, II. Summary of the Final Rule Conditioners and Packaged Terminal in the docket. III. Discussion Heat Pumps For further information on how to A. Break-In Duration review the docket, contact Ms. Brenda B. Wall Sleeve Sealing AGENCY: Office of Energy Efficiency and Edwards at (202) 586–2945 or by email: C. Pre-Filling Condensate Drain Pan Renewable Energy, Department of D. ANSI/ASHRAE 16 vs. ANSI/ASHRAE Brenda.Edwards@ee.doe.gov. 37 Energy. FOR FURTHER INFORMATION CONTACT: Mr. E. AHRI Standard 310/380–2014 and ACTION: Final rule. Reaffirmed ASHRAE Standards Ronald Majette, U.S. Department of Energy, Office of Energy Efficiency and F. Wall Sleeve Size and Filter SUMMARY: On March 13, 2014, the U.S. Requirements for Testing Department of Energy (DOE) issued a Renewable Energy, Building G. Barometric Pressure Correction notice of proposed rulemaking (NOPR) Technologies Program, EE–5B, 1000 H. Part-Load Efficiency Metric and Varying to amend the test procedures for Independence Avenue SW., Ambient Conditions packaged terminal air conditioners Washington, DC 20585–0121. I. Cooling Capacity Verification asabaliauskas on DSK5VPTVN1PROD with RULES (PTACs) and packaged terminal heat Telephone: (202) 586–7935. Email: J. Additional Comments pumps (PTHPs). That NOPR serves as PTACs@ee.doe.gov. K. Compliance Date of the Test Procedure the basis for this final rule regarding the Jennifer Tiedeman, U.S. Department Amendments IV. Procedural Issues and Regulatory Review test method for PTACs and PTHPs. The of Energy, Office of the General Counsel, A. Review Under Executive Order 12866 amendments adopted here do not affect GC–33, 1000 Independence Avenue B. Review Under the Regulatory Flexibility measured energy use. These changes SW., Washington, DC 20585–0121. Act incorporate by reference certain sections Telephone: (202) 287–6111. Email: C. Review Under the Paperwork Reduction of the latest versions of industry test Jennifer.Tiedeman@hq.doe.gov. Act of 1995 VerDate Sep<11>2014 16:01 Jun 29, 2015 Jkt 235001 PO 00000 Frm 00002 Fmt 4700 Sfmt 4700 E:\FR\FM\30JNR1.SGM 30JNR1


Document Created: 2018-02-22 11:17:18
Document Modified: 2018-02-22 11:17:18
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionRules and Regulations
ActionFinal rule.
DatesEffective October 1, 2015.
ContactRoxann Johnson, (202) 606-0299.
FR Citation80 FR 37135 
RIN Number3206-AN16
CFR AssociatedAir Traffic Controllers; Disability Benefits; Firefighters; Government Employees; Law Enforcement Officers; Pensions and Retirement
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