Federal Debt Collection and Discount and Rebate Evaluation, 65980 [05-21700]
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65980
Federal Register / Vol. 70, No. 210 / Tuesday, November 1, 2005 / Notices
DEPARTMENT OF THE TREASURY
DEPARTMENT OF VETERANS
AFFAIRS
Fiscal Service
Federal Debt Collection and Discount
and Rebate Evaluation
Financial Management Service,
Fiscal Service, Treasury.
ACTION: Notice of rate for use in Federal
debt collection and discount and rebate
evaluation.
AGENCY:
SUMMARY: Pursuant to Section 11 of the
Debt Collection Act of 1982, as
amended, (31 U.S.C. 3717), the
Secretary of the Treasury is responsible
for computing and publishing the
percentage rate to be used in assessing
interest charges for outstanding debts
owed to the Government. Treasury’s
Cash Management Requirements (1 TFM
6–8000) prescribe use of this rate by
agencies as a comparison point in
evaluating the cost-effectiveness of a
cash discount. In addition, 5 CFR Part
1315.8 of the Prompt Payment rule on
‘‘Rebates’’ requires that this rate be used
in determining when agencies should
pay purchase card invoices when the
card issuer offers a rebate. Notice is
hereby given that the applicable rate is
2.00 percent for calendar year 2006.
DATES: The rate will be in effect for the
period beginning January 1, 2006, and
ending on December 31, 2006.
FOR FURTHER INFORMATION CONTACT:
Inquiries should be directed to the
Agency Enterprise Solutions Division,
Financial Management Service,
Department of the Treasury, 401 14th
Street, SW., Washington, DC 20227
(Telephone: 202–874–6650).
SUPPLEMENTARY INFORMATION: The rate
reflects the current value of funds to the
Treasury for use in connection with
Federal Cash Management systems and
is based on investment rates set for
purposes of Pub. L. 95–147, 91 Stat.
1227. Computed each year by averaging
Treasury Tax and Loan (TT&L)
investment rates for the 12-month
period ending every September 30,
rounded to the nearest whole
percentage, for applicability effective
each January 1, the rate is subject to
quarterly revisions if the annual
average, on a moving basis, changes by
2 percentage points. The rate in effect
for the calendar year 2006 reflects the
average investment rates for the 12month period that ended September 30,
2005.
Dated: October 19, 2005.
Gary Grippo,
Assistant Commissioner, Federal Finance.
[FR Doc. 05–21700 Filed 10–31–05; 8:45 am]
BILLING CODE 4810–35–M
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15:39 Oct 31, 2005
Jkt 208001
Annual Pay Ranges for Physicians and
Dentists of the Veterans Health
Administration (VHA)
Department of Veterans Affairs.
Notice.
AGENCY:
ACTION:
SUMMARY: As required by the
‘‘Department of Veterans Affairs Health
Care Personnel Enhancement Act of
2004’’ (Pub. L. 108–445, dated
December 3, 2004) the Department of
Veterans Affairs (VA) is hereby giving
notice of annual pay ranges for Veterans
Health Administration (VHA)
physicians and dentists as prescribed by
the Secretary for Department-wide
applicability. The inception of these
annual pay ranges enhances the
flexibility of the Department to recruit,
develop, and retain the most highly
qualified providers to serve our Nation’s
veterans and maintain a standard of
excellence in the VA healthcare system.
EFFECTIVE DATES: Annual pay ranges are
effective on January 8, 2006.
FOR FURTHER INFORMATION CONTACT:
Donna R. Schroeder, Director,
Compensation and Classification
Service (055), Office of Human
Resources Management and Labor
Relations, Department of Veterans
Affairs, 810 Vermont Avenue, NW.,
Washington, DC 20420, (202) 273–9803.
SUPPLEMENTARY INFORMATION: Under 38
U.S.C. 7431(e)(1)(A), not less often than
once every two years, the Secretary
must prescribe for Department-wide
applicability the minimum and
maximum amounts of annual pay that
may be paid to VHA physicians and
dentists. Further, 38 U.S.C. 7431(e)(1)(B)
allows the Secretary to prescribe
separate minimum and maximum
amounts of pay for a specialty or
assignment. In construction of the
annual pay ranges, 38 U.S.C.
7431(c)(4)(A) required the consultation
of two or more national surveys of pay
for physicians and dentists, as
applicable, whether prepared by private,
public, or quasi-public entities in order
to make a general assessment of the
range of pays payable to physicians and
dentists. Lastly, 38 U.S.C. 7431(e)(1)(C)
states amounts prescribed under
paragraph 7431(e) shall be published in
the Federal Register, and shall not take
effect until at least 60 days after date of
publication.
Background
The ‘‘Department of Veterans Affairs
Health Care Personnel Enhancement Act
of 2004’’ (Pub. L. 108–445) was signed
by the President on December 3, 2004.
PO 00000
Frm 00104
Fmt 4703
Sfmt 4703
The major provisions of the law
established a new pay system for
Veterans Health Administration (VHA)
physicians and dentists consisting of
base pay, market pay, and performance
pay. While the base pay component is
set by statute, market pay is intended to
reflect the recruitment and retention
needs for the specialty or assignment of
a particular physician or dentist at a
facility. Further, performance pay is
intended to recognize the achievement
of specific goals and performance
objectives prescribed annually. These
three components create a system of pay
that is driven by both market indicators
and employee performance, while
recognizing employee tenure in VHA.
Discussion
The Department of Veterans Affairs
(VA) performed an extensive search of
salary survey data for physicians and
dentists. The result was a wealth of
information in the field of
compensation. Upon completion of the
initial review of the data collected, VA
utilized those sources which most
closely represented VA comparability in
the areas of practice setting,
employment environment, and hospital/
healthcare system. Thus, the
Association of American Medical
Colleges (AAMC), Hospital and
Healthcare Compensation Service
(HHCS), Sullivan, Cotter, and Associates
(S&C) and Physician Executive
Management Center (PEMC), were
collectively utilized as benchmarks from
which to prescribe annual pay ranges
for physicians and dentists across the
scope of assignments/specialties within
the Department. While aggregating the
data, a preponderance of weight was
given to those surveys which most
directly resembled the environment of
the Department.
An analysis of the data produced the
emergence of natural groupings for
consideration in constructing annual
pay ranges to accommodate the more
than thirty specialties that currently
exist in the VA system. The benefit of
grouping specialties into consolidated
pay ranges allows VA to use multiple
sources that yield a high number of
physician salary data which helps to
minimize disparities and aberrations
that may surface from data involving
smaller numbers of physicians and
dentists for comparison and from
sample change from year to year. Thus,
by aggregating multiple survey sources
into like groupings, greater confidence
exists that the average compensation
reported is truly representative. In
addition, aggregation of data provides
for a large enough sample size and
provides pay range with maximum
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[Federal Register Volume 70, Number 210 (Tuesday, November 1, 2005)]
[Notices]
[Page 65980]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-21700]
[[Page 65980]]
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DEPARTMENT OF THE TREASURY
Fiscal Service
Federal Debt Collection and Discount and Rebate Evaluation
AGENCY: Financial Management Service, Fiscal Service, Treasury.
ACTION: Notice of rate for use in Federal debt collection and discount
and rebate evaluation.
-----------------------------------------------------------------------
SUMMARY: Pursuant to Section 11 of the Debt Collection Act of 1982, as
amended, (31 U.S.C. 3717), the Secretary of the Treasury is responsible
for computing and publishing the percentage rate to be used in
assessing interest charges for outstanding debts owed to the
Government. Treasury's Cash Management Requirements (1 TFM 6-8000)
prescribe use of this rate by agencies as a comparison point in
evaluating the cost-effectiveness of a cash discount. In addition, 5
CFR Part 1315.8 of the Prompt Payment rule on ``Rebates'' requires that
this rate be used in determining when agencies should pay purchase card
invoices when the card issuer offers a rebate. Notice is hereby given
that the applicable rate is 2.00 percent for calendar year 2006.
DATES: The rate will be in effect for the period beginning January 1,
2006, and ending on December 31, 2006.
FOR FURTHER INFORMATION CONTACT: Inquiries should be directed to the
Agency Enterprise Solutions Division, Financial Management Service,
Department of the Treasury, 401 14th Street, SW., Washington, DC 20227
(Telephone: 202-874-6650).
SUPPLEMENTARY INFORMATION: The rate reflects the current value of funds
to the Treasury for use in connection with Federal Cash Management
systems and is based on investment rates set for purposes of Pub. L.
95-147, 91 Stat. 1227. Computed each year by averaging Treasury Tax and
Loan (TT&L) investment rates for the 12-month period ending every
September 30, rounded to the nearest whole percentage, for
applicability effective each January 1, the rate is subject to
quarterly revisions if the annual average, on a moving basis, changes
by 2 percentage points. The rate in effect for the calendar year 2006
reflects the average investment rates for the 12-month period that
ended September 30, 2005.
Dated: October 19, 2005.
Gary Grippo,
Assistant Commissioner, Federal Finance.
[FR Doc. 05-21700 Filed 10-31-05; 8:45 am]
BILLING CODE 4810-35-M
