80 FR 47535 - Federal Employees' Group Life Insurance Program; Premium Changes and Open Season
OFFICE OF PERSONNEL MANAGEMENT Federal Register Volume 80, Issue 152 (August 7, 2015)
Federal Register Volume 80, Issue 152 (August 7, 2015)
| Page Range | 47535-47537 | |
| FR Document | 2015-19398 |
[Federal Register Volume 80, Number 152 (Friday, August 7, 2015)] [Notices] [Pages 47535-47537] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-19398] ======================================================================= ----------------------------------------------------------------------- OFFICE OF PERSONNEL MANAGEMENT Federal Employees' Group Life Insurance Program; Premium Changes and Open Season AGENCY: U.S. Office of Personnel Management. ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: The Office of Personnel Management (OPM) is announcing an upcoming FEGLI Open Season and changes in premium rates for certain Federal Employees' Group Life Insurance (FEGLI) categories in accordance with sections 870.401(a)(2) and 870.402(a)(3) of title 5 of the Code of Federal Regulations. These include changes to premium rates for Option A (most age bands), Option B (most age bands), Option C (most age bands), and Post-Retirement Basic Insurance. These rates will be effective the first pay period beginning on or after January 1, 2016. The FEGLI Open Season will be held from September 1, 2016 through September 30, 2016. DATES: These rates will be effective the first pay period beginning on or after January 1, 2016. FOR FURTHER INFORMATION CONTACT: Delon Pinto, [email protected], (202) 606-0004. SUPPLEMENTARY INFORMATION: This notice announces an upcoming FEGLI Open Season between September 1, 2016 and September 30, 2016 and also announces changes to FEGLI Option A (most age bands), Option B (most age bands), Option C (most age bands), and Post-Retirement Basic Insurance. Open Seasons are one method by which healthy individuals can be attracted to join and reduce the risk profile of the program. Some less healthy individuals may elect coverage during Open Seasons. To mitigate this risk, the effective date for employees in active pay status who make an Open Season election would be delayed one full year to October 1, 2017, subject to FEGLI law and regulation, including applicable pay and duty status requirements. FEGLI premium rates are assessed based on Program experience in accordance with FEGLI statutes at 8711(b), 8714a(e), 8714b(e), and 8714c(e), and OPM's Annual FEGLI Rate Review Process. The premium rates in the FEGLI program represent estimates of premium income necessary to pay future expected benefits costs. The rates for all coverage categories are specific to the experience of the FEGLI group and are not based on mortality rates within the general population. Actuarial analysis of changing mortality rates makes periodic premium adjustments necessary. OPM has completed a study of funding and claims experience within the FEGLI Program. Based on this updated actuarial analysis of actual claims experience, OPM has determined that changes are required to Option A, Option B, Option C and Post-Retirement Basic Insurance premiums. These changes reflect updated mortality and claims rates from actual program experience within each FEGLI category. [[Page 47536]] The legislative structure of the FEGLI Program assumes that we set premium rates for each age band independently of the other bands so that each age band is financially self-supporting. We will issue guidance to all agencies for the purpose of counseling employees and we will notify affected annuitants directly via OPM's Office of Retirement Services. The FEGLI premium rates will be maintained on the FEGLI Web site www.opm.gov/insure/life. The new FEGLI premium rates for Option A, Option B, Option C and the Post-Retirement Basic Option are as follows: Option A (for $10,000 of Insurance) [The premiums for compensationers who are paid every four weeks are two times the biweekly premium] ------------------------------------------------------------------------ Age band Bi-Weekly Monthly ------------------------------------------------------------------------ < 35.................................... $0.20 $0.43 35-39................................... 0.30 0.65 40-44................................... 0.40 0.87 45-49................................... 0.70 1.52 50-54................................... 1.10 2.38 55-59................................... 2.00 4.33 60 +.................................... 6.00 13.00 ------------------------------------------------------------------------ Option B (per $1,000 of Insurance) [The premiums for compensationers who are paid every four weeks are two times the biweekly premium] ------------------------------------------------------------------------ Age band Bi-Weekly Monthly ------------------------------------------------------------------------ < 35.................................... $0.02 $0.043 35-39................................... 0.03 0.065 40-44................................... 0.04 0.087 45-49................................... 0.07 0.152 50-54................................... 0.11 0.238 55-59................................... 0.20 0.433 60-64................................... 0.44 0.953 65-69................................... 0.54 1.170 70-74................................... 0.96 2.080 75-79................................... 1.80 3.900 80 +.................................... 2.64 5.720 ------------------------------------------------------------------------ Option C (per Multiple of Insurance) [The premiums for compensationers who are paid every four weeks are two times the biweekly premium] ------------------------------------------------------------------------ Age band Bi-Weekly Monthly ------------------------------------------------------------------------ < 35.................................... $0.22 $0.48 35-39................................... 0.27 0.59 40-44................................... 0.41 0.89 45-49................................... 0.59 1.28 50-54................................... 0.92 1.99 55-59................................... 1.48 3.21 60-64................................... 2.70 5.85 65-69................................... 3.14 6.80 70-74................................... 3.83 8.30 75-79................................... 5.26 11.40 80 +.................................... 7.20 15.60 ------------------------------------------------------------------------ Post-Retirement Basic Insurance for Annuitants [Monthly rate per $1,000 of insurance] ------------------------------------------------------------------------ Before age 65 After age 65 ------------------------------------------------------------------------ 75% Reduction........................... $0.3250 No cost. 50% Reduction........................... 1.0350 $0.71. No Reduction............................ 2.4550 $2.13. ------------------------------------------------------------------------ Post-Retirement Basic Insurance for Compensationers [Withholding every four weeks per $1,000 of insurance] ------------------------------------------------------------------------ Before Age 65 After Age 65 ------------------------------------------------------------------------ 75% Reduction........................... $0.30 No cost. 50% Reduction........................... 0.96 $0.66. [[Page 47537]] No Reduction............................ 2.27 $1.97. ------------------------------------------------------------------------ Premium rates for Basic Employee insurance will not change at this time. These rates will be effective the first pay period beginning on or after January 1, 2016. U.S. Office of Personnel Management. Beth F. Cobert, Acting Director. [FR Doc. 2015-19398 Filed 8-6-15; 8:45 am] BILLING CODE 6325-38-P
![Federal Register / Vol. 80, No. 152 / Friday, August 7, 2015 / Notices 47535
guidance and references in the CFR. § 50.109 indicates that the Commission Federal Employees’ Group Life
Related specifications and standards for likely intended to apply this provision Insurance (FEGLI) categories in
SNM monitors and metal detectors have to only power reactors, and NRC accordance with sections 870.401(a)(2)
been updated or developed since the practice has been consistent with this and 870.402(a)(3) of title 5 of the Code
previous revision was issued in 1974. rulemaking record. The part 52 issue of Federal Regulations. These include
This revision has been developed to finality provisions do not apply to non- changes to premium rates for Option A
provide detection practices and criteria power reactors because part 52 does not (most age bands), Option B (most age
that licensees may use to meet NRC apply to non-power reactors. bands), Option C (most age bands), and
regulations in 10 CFR part 73 and to This RG could be applied to Post-Retirement Basic Insurance. These
augment programmatic information applications for part 50 operating rates will be effective the first pay
within the general reference, NUREG– licenses, part 52 combined licenses, part period beginning on or after January 1,
1964, ‘‘Access Control Systems: 70 licenses, and part 76 certificates of 2016. The FEGLI Open Season will be
Technical Information for NRC compliance docketed by the NRC as of held from September 1, 2016 through
Licensees,’’ issued in April of 2011. the date of issuance of the RG, as well September 30, 2016.
NUREG–1964 may be found in ADAMS as future such applications submitted DATES: These rates will be effective the
under Accession No. ML1115A078. after the issuance of the RG. Such action first pay period beginning on or after
would not constitute backfitting as January 1, 2016.
II. Additional Information defined in 10 CFR 50.109, 70.76, or
FOR FURTHER INFORMATION CONTACT:
DG–5038 was published in the 76.76, or be otherwise inconsistent with
Federal Register on March 26, 2014, (79 Delon Pinto, Delon.Pinto@opm.gov,
the applicable issue finality provision in
FR 16832) for a 30 day public comment (202) 606–0004.
10 CFR part 52, inasmuch as such
period. The public comment period applicants or potential applicants are SUPPLEMENTARY INFORMATION: This
closed on April 25, 2014. Public not within the scope of entities notice announces an upcoming FEGLI
comments on DG–5038 and the staff protected by 10 CFR 50.109, 70.76, and Open Season between September 1,
responses to the public comments are 76.76, or the relevant issue finality 2016 and September 30, 2016 and also
available at ADAMS Accession Number provisions in part 52. Backfitting announces changes to FEGLI Option A
ML14288A653. restrictions were not intended to apply (most age bands), Option B (most age
to every NRC action that substantially bands), Option C (most age bands), and
III. Congressional Review Act Post-Retirement Basic Insurance.
changes settled expectations, and
This regulatory guide is a rule as applicants have no reasonable Open Seasons are one method by
defined in the Congressional Review expectation that future requirements which healthy individuals can be
Act (5 U.S.C. 801–808). However, the may change, see 54 FR 15372 (April 18, attracted to join and reduce the risk
Office of Management and Budget has 1989), at 15385–86. Although the issue profile of the program. Some less
not found it to be a major rule as finality provisions in part 52 are healthy individuals may elect coverage
defined in the Congressional Review intended to provide regulatory stability during Open Seasons. To mitigate this
Act. and issue finality, the matters addressed risk, the effective date for employees in
in this RG (concerning certain security active pay status who make an Open
IV. Backfitting and Issue Finality Season election would be delayed one
requirements in part 73) are not within
This RG applies to applicants for, and the scope of issues that may be resolved full year to October 1, 2017, subject to
current and future holders of special for design certification, design approval FEGLI law and regulation, including
nuclear material licenses under 10 CFR or a manufacturing license, and applicable pay and duty status
part 70, and operating licenses under therefore are not subject to issue finality requirements.
part 50, combined licenses under part protections in part 52. FEGLI premium rates are assessed
52, and certificates of compliance or based on Program experience in
approvals of a compliance plan for Dated at Rockville, Maryland, this 23rd day accordance with FEGLI statutes at
of July 2015. 8711(b), 8714a(e), 8714b(e), and
gaseous diffusion plants under part 76
if they are also applicants for, or holders For the Nuclear Regulatory Commission. 8714c(e), and OPM’s Annual FEGLI Rate
of, special nuclear material licenses Thomas H. Boyce, Review Process. The premium rates in
under part 70. Issuance of this RG does Chief, Regulatory Guidance and Generic the FEGLI program represent estimates
not constitute backfitting under 10 CFR Issues Branch, Division of Engineering, Office of premium income necessary to pay
parts 50, 70, or 76, and is not otherwise of Nuclear Regulatory Research. future expected benefits costs. The rates
inconsistent with the issue finality [FR Doc. 2015–19445 Filed 8–6–15; 8:45 am] for all coverage categories are specific to
provisions in 10 CFR part 52. As BILLING CODE 7590–01–P the experience of the FEGLI group and
discussed in the ‘‘Implementation’’ are not based on mortality rates within
section of the RG, the NRC has no the general population. Actuarial
current intention to impose this RG on OFFICE OF PERSONNEL analysis of changing mortality rates
holders of part 50 operating licenses, MANAGEMENT makes periodic premium adjustments
part 52 combined licenses, part 70 necessary.
licensees, or part 76 certificates of Federal Employees’ Group Life OPM has completed a study of
compliance. Moreover, the guidance in Insurance Program; Premium Changes funding and claims experience within
the RG addresses security issues, which and Open Season the FEGLI Program. Based on this
are matters separate from the technical AGENCY: U.S. Office of Personnel updated actuarial analysis of actual
tkelley on DSK3SPTVN1PROD with NOTICES
requirements to operate a facility Management. claims experience, OPM has determined
covered by backfitting and issue finality ACTION: Notice.
that changes are required to Option A,
provisions. Option B, Option C and Post-Retirement
The NRC has determined that the SUMMARY: The Office of Personnel Basic Insurance premiums. These
backfit provisions in § 50.109 do not Management (OPM) is announcing an changes reflect updated mortality and
apply to non-power reactor licensees upcoming FEGLI Open Season and claims rates from actual program
because the rulemaking record for changes in premium rates for certain experience within each FEGLI category.
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![47536 Federal Register / Vol. 80, No. 152 / Friday, August 7, 2015 / Notices
The legislative structure of the FEGLI We will issue guidance to all agencies be maintained on the FEGLI Web site
Program assumes that we set premium for the purpose of counseling employees www.opm.gov/insure/life.
rates for each age band independently of and we will notify affected annuitants The new FEGLI premium rates for
the other bands so that each age band directly via OPM’s Office of Retirement Option A, Option B, Option C and the
is financially self-supporting. Services. The FEGLI premium rates will Post-Retirement Basic Option are as
follows:
OPTION A (FOR $10,000 OF INSURANCE)
[The premiums for compensationers who are paid every four weeks are two times the biweekly premium]
Age band Bi-Weekly Monthly
< 35 .......................................................................................................................................................................... $0.20 $0.43
35–39 ....................................................................................................................................................................... 0.30 0.65
40–44 ....................................................................................................................................................................... 0.40 0.87
45–49 ....................................................................................................................................................................... 0.70 1.52
50–54 ....................................................................................................................................................................... 1.10 2.38
55–59 ....................................................................................................................................................................... 2.00 4.33
60 + .......................................................................................................................................................................... 6.00 13.00
OPTION B (PER $1,000 OF INSURANCE)
[The premiums for compensationers who are paid every four weeks are two times the biweekly premium]
Age band Bi-Weekly Monthly
< 35 .......................................................................................................................................................................... $0.02 $0.043
35–39 ....................................................................................................................................................................... 0.03 0.065
40–44 ....................................................................................................................................................................... 0.04 0.087
45–49 ....................................................................................................................................................................... 0.07 0.152
50–54 ....................................................................................................................................................................... 0.11 0.238
55–59 ....................................................................................................................................................................... 0.20 0.433
60–64 ....................................................................................................................................................................... 0.44 0.953
65–69 ....................................................................................................................................................................... 0.54 1.170
70–74 ....................................................................................................................................................................... 0.96 2.080
75–79 ....................................................................................................................................................................... 1.80 3.900
80 + .......................................................................................................................................................................... 2.64 5.720
OPTION C (PER MULTIPLE OF INSURANCE)
[The premiums for compensationers who are paid every four weeks are two times the biweekly premium]
Age band Bi-Weekly Monthly
< 35 .......................................................................................................................................................................... $0.22 $0.48
35–39 ....................................................................................................................................................................... 0.27 0.59
40–44 ....................................................................................................................................................................... 0.41 0.89
45–49 ....................................................................................................................................................................... 0.59 1.28
50–54 ....................................................................................................................................................................... 0.92 1.99
55–59 ....................................................................................................................................................................... 1.48 3.21
60–64 ....................................................................................................................................................................... 2.70 5.85
65–69 ....................................................................................................................................................................... 3.14 6.80
70–74 ....................................................................................................................................................................... 3.83 8.30
75–79 ....................................................................................................................................................................... 5.26 11.40
80 + .......................................................................................................................................................................... 7.20 15.60
POST-RETIREMENT BASIC INSURANCE FOR ANNUITANTS
[Monthly rate per $1,000 of insurance]
Before age 65 After age 65
75% Reduction ........................................................................................................................................................ $0.3250 No cost.
50% Reduction ........................................................................................................................................................ 1.0350 $0.71.
No Reduction ........................................................................................................................................................... 2.4550 $2.13.
tkelley on DSK3SPTVN1PROD with NOTICES
POST-RETIREMENT BASIC INSURANCE FOR COMPENSATIONERS
[Withholding every four weeks per $1,000 of insurance]
Before Age 65 After Age 65
75% Reduction ........................................................................................................................................................ $0.30 No cost.
50% Reduction ........................................................................................................................................................ 0.96 $0.66.
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![Federal Register / Vol. 80, No. 152 / Friday, August 7, 2015 / Notices 47537
POST-RETIREMENT BASIC INSURANCE FOR COMPENSATIONERS—Continued
[Withholding every four weeks per $1,000 of insurance]
Before Age 65 After Age 65
No Reduction ........................................................................................................................................................... 2.27 $1.97.
Premium rates for Basic Employee To support its Notice, the Postal the addition of Priority Mail Contract
insurance will not change at this time. Service filed a copy of the Agreement, 139 negotiated service agreement to the
These rates will be effective the first pay a copy of the Governors’ Decision competitive product list. This notice
period beginning on or after January 1, authorizing the product, a certification informs the public of the filing, invites
2016. of compliance with 39 U.S.C. 3633(a), public comment, and takes other
U.S. Office of Personnel Management. and an application for non-public administrative steps.
Beth F. Cobert, treatment of certain materials. It also DATES: Comments are due: August 10,
Acting Director.
filed supporting financial workpapers. 2015.
[FR Doc. 2015–19398 Filed 8–6–15; 8:45 am] II. Notice of Commission Action ADDRESSES: Submit comments
BILLING CODE 6325–38–P electronically via the Commission’s
The Commission establishes Docket
Filing Online system at http://
No. CP2015–119 for consideration of
www.prc.gov. Those who cannot submit
matters raised by the Notice.
POSTAL REGULATORY COMMISSION comments electronically should contact
The Commission invites comments on
the person identified in the FOR FURTHER
[Docket No. CP2015–119; Order No. 2630] whether the Postal Service’s filing is
INFORMATION CONTACT section by
consistent with 39 U.S.C. 3632, 3633, or
telephone for advice on filing
New Postal Product 3642, 39 CFR part 3015, and 39 CFR
alternatives.
part 3020, subpart B. Comments are due
AGENCY: Postal Regulatory Commission. FOR FURTHER INFORMATION CONTACT:
no later than August 10, 2015. The
ACTION: Notice. public portions of the filing can be David A. Trissell, General Counsel, at
accessed via the Commission’s Web site 202–789–6820.
SUMMARY: The Commission is noticing a
recent Postal Service filing concerning (http://www.prc.gov). SUPPLEMENTARY INFORMATION:
an additional Global Expedited Package The Commission appoints Kenneth R. Table of Contents
Services 3 negotiated service agreement. Moeller to serve as an officer of the
Commission to represent the interests of I. Introduction
This notice informs the public of the II. Notice of Commission Action
filing, invites public comment, and the general public in this proceeding
III. Ordering Paragraphs
takes other administrative steps. (Public Representative).
DATES: Comments are due: August 10,
I. Introduction
III. Ordering Paragraphs
2015. In accordance with 39 U.S.C. 3642
It is ordered: and 39 CFR 3020.30 et seq., the Postal
ADDRESSES: Submit comments 1. The Commission establishes Docket
electronically via the Commission’s Service filed a formal request and
No. CP2015–119 for consideration of the associated supporting information to
Filing Online system at http:// matters raised by the Postal Service’s
www.prc.gov. Those who cannot submit add Priority Mail Contract 139 to the
Notice. competitive product list.1
comments electronically should contact 2. Pursuant to 39 U.S.C. 505, Kenneth The Postal Service
the person identified in the FOR FURTHER R. Moeller is appointed as the Public contemporaneously filed a redacted
INFORMATION CONTACT section by Representative in this proceeding. contract related to the proposed new
telephone for advice on filing 3. Comments are due no later than product under 39 U.S.C. 3632(b)(3) and
alternatives. August 10, 2015. 39 CFR 3015.5. Id. Attachment B.
FOR FURTHER INFORMATION CONTACT: 4. The Secretary shall arrange for To support its Request, the Postal
David A. Trissell, General Counsel, at publication of this order in the Federal Service filed a copy of the contract, a
202–789–6820. Register. copy of the Governors’ Decision
SUPPLEMENTARY INFORMATION: By the Commission. authorizing the product, proposed
Ruth Ann Abrams, changes to the Mail Classification
Table of Contents
Acting Secretary. Schedule, a Statement of Supporting
I. Introduction Justification, a certification of
[FR Doc. 2015–19388 Filed 8–6–15; 8:45 am]
II. Notice of Commission Action compliance with 39 U.S.C. 3633(a), and
III. Ordering Paragraphs BILLING CODE 7710–FW–P
an application for non-public treatment
of certain materials. It also filed
I. Introduction
POSTAL REGULATORY COMMISSION supporting financial workpapers.
On July 31, 2015, the Postal Service
filed notice that it has entered into an [Docket Nos. MC2015–76 and CP2015–120; II. Notice of Commission Action
additional Global Expedited Package Order No. 2628] The Commission establishes Docket
tkelley on DSK3SPTVN1PROD with NOTICES
Services 3 (GEPS 3) negotiated service Nos. MC2015–76 and CP2015–120 to
agreement (Agreement).1 New Postal Product consider the Request pertaining to the
AGENCY: Postal Regulatory Commission.
1 Notice of United States Postal Service of Filing 1 Request of the United States Postal Service to
a Functionally Equivalent Global Expedited ACTION: Notice. Add Priority Mail Contract 139 to Competitive
Package Services 3 Negotiated Service Agreement Product List and Notice of Filing (Under Seal) of
and Application for Non-Public Treatment of SUMMARY: The Commission is noticing a Unredacted Governors’ Decision, Contract, and
Materials Filed Under Seal, July 31, 2015 (Notice). recent Postal Service filing concerning Supporting Data, July 31, 2015 (Request).
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Document Created: 2015-12-15 10:56:51
Document Modified: 2015-12-15 10:56:51
| 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 | Notice. | |
| Dates | These rates will be effective the first pay period beginning on or after January 1, 2016. | |
| Contact | Delon Pinto, [email protected], (202) 606-0004. | |
| FR Citation | 80 FR 47535 |
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