Federal Employees' Retirement System; Present Value Factors, 32243-32245 [2011-13707]
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Federal Register / Vol. 76, No. 107 / Friday, June 3, 2011 / Notices
Planning and Policy Analysis, Office of
Personnel Management, Room 4307,
1900 E Street NW., Washington, DC
20415.
FOR FURTHER INFORMATION CONTACT:
Kristine Prentice or Roxann Johnson,
(202) 606–0299.
SUPPLEMENTARY INFORMATION: The FERS
Act of 1986, Public Law 99–335, created
a new retirement system intended to
cover most Federal employees hired
after 1983. Most Federal employees
hired before 1984 are under the older
Civil Service Retirement System (CSRS).
Section 8423 of title 5, United States
Code, as added by the FERS Act of 1986,
provides for the payment of the
Government’s share of the cost of the
retirement system under FERS.
Employees’ contributions are
established by law and constitute only
a small fraction of the cost of funding
the retirement system; employing
agencies are required to pay the
remaining costs. The amount of funding
required, known as ‘‘normal cost,’’ is the
entry age normal cost of the provisions
of FERS that relate to the Civil Service
Retirement and Disability Fund (Fund).
The normal cost must be computed by
OPM in accordance with generally
accepted actuarial practices and
standards (using dynamic assumptions).
Subpart D of part 841 of title 5, Code of
Federal Regulations, regulates how
normal costs are determined.
In its meeting on June 11, 2010, the
Board of Actuaries of the Civil Service
Retirement System (the Board)
recommended changes to the economic
assumptions used in the dynamic
actuarial valuations of FERS. The Board
reviewed statistical data prepared by the
OPM actuaries and considered trends
that may affect future experience under
the System. OPM has adopted the
Board’s recommendations.
Based on its analysis, the Board
concluded that it would be appropriate
to assume a rate of investment return of
5.75 percent, reduced from the existing
rate of 6.25 percent. In addition, the
Board determined that the assumed
inflation rate should be reduced from
3.50 percent to 3.00 percent and that the
projected rate of General Schedule
salary increases should be reduced from
4.25 percent to 3.75 percent. These
salary increases are in addition to
assumed within-grade increases that
reflect past experience. Each of these
assumptions is 0.50 percent lower than
the economic assumptions previously in
place. The Board’s recommendation
adjusts the nominal rates to balance
long-term expectations with recent
experience and better aligns the
assumptions with those used by the
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15:49 Jun 02, 2011
Jkt 223001
federal retirement programs
administered by the U.S. Department of
Defense and the Social Security
Administration. The economic
assumptions anticipate that, over the
long term, the annual rate of investment
return will exceed inflation by 2.75
percent and General Schedule salary
increases will exceed long-term
inflation by 0.75 percent a year, with no
difference from the current
assumptions. In 2008, the Board
adopted changes in the mortality
assumptions established in 2006 as well
as changes in all the demographic
assumptions listed as factors under
section 841.404(a) of title 5, Code of
Federal Regulations. These assumptions
remain unchanged.
The normal cost calculations depend
on economic, demographic, and
mortality assumptions. The
demographic assumptions are
determined separately for each of a
number of special groups, in cases
where separate experience data is
available. Based on the current
demographic assumptions, and the
changed economic assumptions
described above, OPM has determined
the normal cost percentage for each
category of employees under section
841.403 of title 5, Code of Federal
Regulations. The Governmentwide
normal cost percentages, including the
employee contributions, are as follows:
Members—19.6%;
Congressional employees—18.0%;
Law enforcement officers, members of
the Supreme Court Police, firefighters,
nuclear materials couriers, Customs and
Border Protection Officers, and
employees under section 302 of the
Central Intelligence Agency Retirement
Act of 1964 for Certain Employees—
27.6%;
Air traffic controllers—27.3%;
Military reserve technicians—15.7%;
Employees under section 303 of the
Central Intelligence Agency Retirement
Act of 1964 for Certain Employees
(when serving abroad)—18.0%; and
All other employees—12.7%.
Under section 841.408 of title 5, Code
of Federal Regulations, these normal
cost percentages are effective at the
beginning of the first pay period
commencing on or after October 1, 2011.
The time limit and address for filing
agency appeals under sections 841.409
through 841.412 of title 5, Code of
Federal Regulations, are stated in the
DATES and ADDRESSES sections of this
notice.
PO 00000
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32243
U.S. Office of Personnel Management.
John Berry,
Director.
[FR Doc. 2011–13709 Filed 6–2–11; 8:45 am]
BILLING CODE 6325–38–P
OFFICE OF PERSONNEL
MANAGEMENT
Federal Employees’ Retirement
System; Present Value Factors
Office of Personnel
Management.
ACTION: Notice.
AGENCY:
The Office of Personnel
Management (OPM) is providing notice
of adjusted present value factors
applicable to retirees who elect to
provide survivor annuity benefits to a
spouse based on post-retirement
marriage, and to retiring employees who
elect the alternative form of annuity or
elect to credit certain service with
nonappropriated fund instrumentalities.
This notice is necessary to conform the
present value factors to changes in the
economic assumptions adopted by the
Board of Actuaries of the Civil Service
Retirement System.
DATES: The revised present value factors
apply to survivor reductions or
employee annuities that commence on
or after October 1, 2011.
ADDRESSES: Send requests for actuarial
assumptions and data to the Board of
Actuaries, care of Gregory Kissel,
Actuary, Office of Planning and Policy
Analysis, Office of Personnel
Management, Room 4307, 1900 E Street,
NW., Washington, DC 20415.
FOR FURTHER INFORMATION CONTACT:
Kristine Prentice, (202) 606–0299.
SUPPLEMENTARY INFORMATION: Several
provisions of the Federal Employees’
Retirement System (FERS) require
reduction of annuities on an actuarial
basis. Under each of these provisions,
OPM is required to issue regulations on
the method of determining the
reduction to ensure that the present
value of the reduced annuity plus a
lump-sum equals, to the extent
practicable, the present value of the
unreduced benefit. The regulations for
each of these benefits provide that OPM
will publish a notice in the Federal
Register whenever it changes the factors
used to compute the present values of
these benefits.
Section 842.706(a) of title 5, Code of
Federal Regulations, prescribes the
method for computing the reduction in
the beginning rate of annuity payable to
a retiree who elects an alternative form
of annuity under 5 U.S.C. 8420a. That
SUMMARY:
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03JNN1
jlentini on DSK4TPTVN1PROD with NOTICES
32244
Federal Register / Vol. 76, No. 107 / Friday, June 3, 2011 / Notices
reduction is required to produce an
annuity that is the actuarial equivalent
of the annuity of a retiree who does not
elect an alternative form of annuity. The
present value factors listed below are
used to compute the annuity reduction
under 5 CFR 842.706(a).
Section 842.615 of title 5, Code of
Federal Regulations, prescribes the use
of these factors for computing the
reduction required for certain elections
to provide survivor annuity benefits
based on a post-retirement marriage or
divorce under 5 U.S.C. 8416(b), 8416(c),
or 8417(b). Under section 11004 of the
Omnibus Budget Reconciliation Act of
1993, Public Law 103–66, 107 Stat. 312,
effective October 1, 1993, OPM ceased
collection of these survivor election
deposits by means of either a lump-sum
payment or installments. Instead, OPM
is required to establish a permanent
actuarial reduction in the annuity of the
retiree. This means that OPM must take
the amount of the deposit computed
under the old law and translate it into
a lifetime reduction in the retiree’s
benefit. The reduction is based on
actuarial tables, similar to those used for
alternative forms of annuity under
section 8420a of title 5, United States
Code.
Subpart F of part 847 of title 5, Code
of Federal Regulations, prescribes the
use of present value factors for
computing the deficiency the retiree
must pay to receive credit for certain
service with nonappropriated fund
instrumentalities made creditable by an
election under section 1043 of Public
Law 104–106, 110 Stat. 186.
OPM published the present value
factors currently in effect on June 21,
2010, at 75 FR 35096. Elsewhere in
today’s Federal Register, OPM
published a notice to revise the normal
cost percentage under the Federal
Employees’ Retirement System (FERS)
Act of 1986, Public Law 99–335, 100
Stat. 514, based on changed economic
assumptions adopted by the Board of
Actuaries of the Civil Service
Retirement System. Under 5 U.S.C.
8461(i), those changes require
corresponding changes in the present
value factors used to produce actuarially
equivalent benefits when required by
the FERS Act. The revised factors will
become effective on October 1, 2011, to
correspond with the changes in FERS
normal cost percentages. For alternative
forms of annuity, the new factors will
apply to annuities that commence on or
after October 1, 2011. See 5 CFR
842.706. For survivor election deposits,
the new factors will apply to survivor
reductions that commence on or after
October 1, 2011. See 5 CFR 842.615(b).
For obtaining credit for service with
VerDate Mar<15>2010
15:49 Jun 02, 2011
Jkt 223001
certain nonappropriated fund
instrumentalities, the new factors will
apply to cases in which the date of
computation under 5 CFR 847.603 is on
or after October 1, 2011. See 5 CFR
847.602(c) and 847.603.
OPM is, therefore, revising the tables
of present value factors to read as
follows:
TABLE II.A—FERS PRESENT VALUE
FACTORS FOR AGES 40 THROUGH
61—Continued
[Applicable to annuity payable when annuity is
not increased by cost-of-living adjustments
before age 62 following an election under 5
U.S.C. 8416(b), 8416(c), 8417(b), or 8420a,
or under section 1043 of Pub. L. 104–106]
Age
TABLE I—FERS PRESENT VALUE
FACTORS FOR AGES 62 AND OLDER
[Applicable to annuity payable following an
election under 5 U.S.C. 8416(b), 8416(c),
8417(b), or 8420a, or under section 1043 of
Pub. L. 104–106]
Present
value factor
Age
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
183.8
178.9
174.0
169.0
163.9
158.8
153.6
148.5
143.1
137.6
132.2
126.9
121.5
116.0
110.3
104.9
99.7
94.2
88.4
82.7
77.4
72.5
67.8
63.2
58.6
54.2
50.1
46.7
44.2
TABLE II.A—FERS PRESENT VALUE
FACTORS FOR AGES 40 THROUGH 61
[Applicable to annuity payable when annuity is
not increased by cost-of-living adjustments
before age 62 following an election under 5
U.S.C. 8416(b), 8416(c), 8417(b), or 8420a,
or under section 1043 of Pub. L. 104–106]
Present
value factor
Age
40
41
42
43
44
45
46
47
48
49
50
51
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Fmt 4703
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195.8
196.2
196.2
195.9
195.4
194.9
194.4
194.0
193.5
192.9
192.5
192.1
52
53
54
55
56
57
58
59
60
61
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
Present
value factor
191.6
191.2
190.6
190.0
189.4
188.8
188.3
187.7
187.1
186.6
TABLE II.B—FERS PRESENT VALUE
FACTORS FOR AGES 40 THROUGH 61
[Applicable to annuity payable when annuity is
increased by cost-of-living adjustments before age 62 following an election under 5
U.S.C. 8416(b), 8416(c), 8417(b), or 8420a,
or under section 1043 of Pub. L. 104–106]
Age
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
Present
value factor
261.5
260.1
258.0
255.5
252.6
249.5
246.3
243.3
240.1
236.7
233.4
230.0
226.5
222.8
218.9
215.0
210.9
206.6
202.3
197.9
193.3
188.6
TABLE III—FERS PRESENT VALUE
FACTORS FOR AGES AT CALCULATION BELOW 40
[Applicable to annuity payable following an
election under section 1043 of Pub. L. 104–
106]
Age at calculation
17
18
19
20
21
22
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
E:\FR\FM\03JNN1.SGM
03JNN1
Present value
of a monthly
annuity
298.9
297.9
296.7
295.6
294.4
293.2
Federal Register / Vol. 76, No. 107 / Friday, June 3, 2011 / Notices
32245
Applicant’s Address: c/o
of the writer’s interest, the reason for the
TABLE III—FERS PRESENT VALUE
Oppenheimer & Co., Inc., 200 Park Ave.,
FACTORS FOR AGES AT CALCULA- request, and the issues contested.
24th Floor, New York, NY 10116.
Persons who wish to be notified of a
TION BELOW 40—Continued
[Applicable to annuity payable following an
election under section 1043 of Pub. L. 104–
106]
Age at calculation
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
Present value
of a monthly
annuity
..........................................
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..........................................
..........................................
..........................................
..........................................
..........................................
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291.9
290.5
289.2
287.8
286.3
284.8
283.2
281.6
279.9
278.1
276.3
274.4
272.4
270.4
268.3
266.1
263.8
U.S. Office of Personnel Management.
John Berry,
Director.
[FR Doc. 2011–13707 Filed 6–2–11; 8:45 am]
BILLING CODE 6325–38–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. IC–29684]
Notice of Applications for
Deregistration Under Section 8(f) of the
Investment Company Act of 1940
jlentini on DSK4TPTVN1PROD with NOTICES
May 27, 2011.
The following is a notice of
applications for deregistration under
section 8(f) of the Investment Company
Act of 1940 for the month of May 2011.
A copy of each application may be
obtained via the Commission’s Web site
by searching for the file number, or an
applicant using the Company name box,
at https://www.sec.gov/search/
search.htm or by calling (202) 551–
8090. An order granting each
application will be issued unless the
SEC orders a hearing. Interested persons
may request a hearing on any
application by writing to the SEC’s
Secretary at the address below and
serving the relevant applicant with a
copy of the request, personally or by
mail. Hearing requests should be
received by the SEC by 5:30 p.m. on
June 21, 2011, and should be
accompanied by proof of service on the
applicant, in the form of an affidavit or,
for lawyers, a certificate of service.
Hearing requests should state the nature
VerDate Mar<15>2010
15:49 Jun 02, 2011
Jkt 223001
hearing may request notification by
writing to the Secretary, U.S. Securities
and Exchange Commission, 100 F
Street, NE., Washington, DC 20549–
1090.
For Further Information Contact:
Diane L. Titus at (202) 551–6810, SEC,
Division of Investment Management,
Office of Investment Company
Regulation, 100 F Street, NE.,
Washington, DC 20549–8010.
Dreyfus Institutional Money Market
Fund, Inc. [File No. 811–3025]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On August 31,
2009, applicant made a final liquidating
distribution to its shareholders, based
on net asset value. Expenses of $2,700
incurred in connection with the
liquidation were paid by The Dreyfus
Corporation, applicant’s investment
adviser.
Filing Dates: The application was
filed on April 6, 2011, and amended on
May 9, 2011.
Applicant’s Address: c/o The Dreyfus
Corporation, 200 Park Ave., New York,
NY 10166.
Morgan Stanley High Yield Securities
Inc. [File No. 811–2932]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On June 1, 2010,
applicant transferred its assets to
Invesco High Yield Securities Fund, a
series of AIM Investment Securities
Funds, based on net asset value.
Expenses of approximately $297,718
incurred in connection with the
reorganization were paid by Morgan
Stanley Investment Advisors Inc.,
applicant’s investment adviser, and
Invesco Advisers, Inc.
Filing Dates: The application was
filed on March 4, 2011, and amended on
May 5, 2011.
Applicant’s Address: c/o Morgan
Stanley Investment Advisors Inc., 522
Fifth Ave., New York, NY 10036.
Advantage Advisers Augusta Fund,
L.L.C. [File No. 811–7641]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On March 2, 2011,
applicant made a final liquidating
distribution to its shareholders, based
on net asset value. Expenses of $113,933
incurred in connection with the
liquidation were paid by applicant.
Filing Date: The application was filed
on May 17, 2011.
PO 00000
Frm 00111
Fmt 4703
Sfmt 4703
Blue Chip Value Fund, Inc. [File No.
811–5003]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On March 28,
2011, applicant transferred its assets to
Westcore Blue Chip Fund, a series of
Westcore Trust, based on net asset
value. Expenses of $555,705 incurred in
connection with the reorganization were
paid by applicant and the acquiring
fund.
Filing Date: The application was filed
on April 25, 2011.
Applicant’s Address: 1225 17th St.,
26th Floor, Denver, CO 80202.
Lord Abbett Managed Portfolio
Solutions Trust [File No. 811–22117]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. Applicant has
never made a public offering of its
securities and does not propose to make
a public offering or engage in business
of any kind.
Filing Date: The application was filed
on April 29, 2011.
Applicant’s Address: 90 Hudson St.,
Jersey City, NJ 07302.
BlackRock Senior Floating Rate Fund,
Inc. [File No. 811–5870]; BlackRock
Senior Floating Rate Fund II, Inc. [File
No. 811–9229]
Summary: Each applicant, a closedend investment company, seeks an
order declaring that it has ceased to be
an investment company. On March 21,
2011, each applicant transferred its
assets to BlackRock Floating Rate
Income Portfolio, a series of BlackRock
Funds II, based on net asset value.
Expenses of approximately $270,300
and $232,841, respectively, incurred in
connection with the reorganizations
were paid by each applicant.
Filing Date: The applications were
filed on April 26, 2011.
Applicants’ Address: 100 Bellevue
Parkway, Wilmington, DE 19809.
Russell ETF Trust [File No. 811–22401]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. Applicant has
never made a public offering of its
securities and does not propose to make
a public offering or engage in business
of any kind.
Filing Dates: The application was
filed on April 5, 2011, and amended on
May 25, 2011.
Applicant’s Address: 1301 Second
Ave., 18th Floor, Seattle, WA 98101.
E:\FR\FM\03JNN1.SGM
03JNN1
]]>Agencies
[Federal Register Volume 76, Number 107 (Friday, June 3, 2011)]
[Notices]
[Pages 32243-32245]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-13707]
-----------------------------------------------------------------------
OFFICE OF PERSONNEL MANAGEMENT
Federal Employees' Retirement System; Present Value Factors
AGENCY: Office of Personnel Management.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Office of Personnel Management (OPM) is providing notice
of adjusted present value factors applicable to retirees who elect to
provide survivor annuity benefits to a spouse based on post-retirement
marriage, and to retiring employees who elect the alternative form of
annuity or elect to credit certain service with nonappropriated fund
instrumentalities. This notice is necessary to conform the present
value factors to changes in the economic assumptions adopted by the
Board of Actuaries of the Civil Service Retirement System.
DATES: The revised present value factors apply to survivor reductions
or employee annuities that commence on or after October 1, 2011.
ADDRESSES: Send requests for actuarial assumptions and data to the
Board of Actuaries, care of Gregory Kissel, Actuary, Office of Planning
and Policy Analysis, Office of Personnel Management, Room 4307, 1900 E
Street, NW., Washington, DC 20415.
FOR FURTHER INFORMATION CONTACT: Kristine Prentice, (202) 606-0299.
SUPPLEMENTARY INFORMATION: Several provisions of the Federal Employees'
Retirement System (FERS) require reduction of annuities on an actuarial
basis. Under each of these provisions, OPM is required to issue
regulations on the method of determining the reduction to ensure that
the present value of the reduced annuity plus a lump-sum equals, to the
extent practicable, the present value of the unreduced benefit. The
regulations for each of these benefits provide that OPM will publish a
notice in the Federal Register whenever it changes the factors used to
compute the present values of these benefits.
Section 842.706(a) of title 5, Code of Federal Regulations,
prescribes the method for computing the reduction in the beginning rate
of annuity payable to a retiree who elects an alternative form of
annuity under 5 U.S.C. 8420a. That
[[Page 32244]]
reduction is required to produce an annuity that is the actuarial
equivalent of the annuity of a retiree who does not elect an
alternative form of annuity. The present value factors listed below are
used to compute the annuity reduction under 5 CFR 842.706(a).
Section 842.615 of title 5, Code of Federal Regulations, prescribes
the use of these factors for computing the reduction required for
certain elections to provide survivor annuity benefits based on a post-
retirement marriage or divorce under 5 U.S.C. 8416(b), 8416(c), or
8417(b). Under section 11004 of the Omnibus Budget Reconciliation Act
of 1993, Public Law 103-66, 107 Stat. 312, effective October 1, 1993,
OPM ceased collection of these survivor election deposits by means of
either a lump-sum payment or installments. Instead, OPM is required to
establish a permanent actuarial reduction in the annuity of the
retiree. This means that OPM must take the amount of the deposit
computed under the old law and translate it into a lifetime reduction
in the retiree's benefit. The reduction is based on actuarial tables,
similar to those used for alternative forms of annuity under section
8420a of title 5, United States Code.
Subpart F of part 847 of title 5, Code of Federal Regulations,
prescribes the use of present value factors for computing the
deficiency the retiree must pay to receive credit for certain service
with nonappropriated fund instrumentalities made creditable by an
election under section 1043 of Public Law 104-106, 110 Stat. 186.
OPM published the present value factors currently in effect on June
21, 2010, at 75 FR 35096. Elsewhere in today's Federal Register, OPM
published a notice to revise the normal cost percentage under the
Federal Employees' Retirement System (FERS) Act of 1986, Public Law 99-
335, 100 Stat. 514, based on changed economic assumptions adopted by
the Board of Actuaries of the Civil Service Retirement System. Under 5
U.S.C. 8461(i), those changes require corresponding changes in the
present value factors used to produce actuarially equivalent benefits
when required by the FERS Act. The revised factors will become
effective on October 1, 2011, to correspond with the changes in FERS
normal cost percentages. For alternative forms of annuity, the new
factors will apply to annuities that commence on or after October 1,
2011. See 5 CFR 842.706. For survivor election deposits, the new
factors will apply to survivor reductions that commence on or after
October 1, 2011. See 5 CFR 842.615(b). For obtaining credit for service
with certain nonappropriated fund instrumentalities, the new factors
will apply to cases in which the date of computation under 5 CFR
847.603 is on or after October 1, 2011. See 5 CFR 847.602(c) and
847.603.
OPM is, therefore, revising the tables of present value factors to
read as follows:
Table I--FERS Present Value Factors for Ages 62 and Older
[Applicable to annuity payable following an election under 5 U.S.C.
8416(b), 8416(c), 8417(b), or 8420a, or under section 1043 of Pub. L.
104-106]
------------------------------------------------------------------------
Present
Age value
factor
------------------------------------------------------------------------
62.......................................................... 183.8
63.......................................................... 178.9
64.......................................................... 174.0
65.......................................................... 169.0
66.......................................................... 163.9
67.......................................................... 158.8
68.......................................................... 153.6
69.......................................................... 148.5
70.......................................................... 143.1
71.......................................................... 137.6
72.......................................................... 132.2
73.......................................................... 126.9
74.......................................................... 121.5
75.......................................................... 116.0
76.......................................................... 110.3
77.......................................................... 104.9
78.......................................................... 99.7
79.......................................................... 94.2
80.......................................................... 88.4
81.......................................................... 82.7
82.......................................................... 77.4
83.......................................................... 72.5
84.......................................................... 67.8
85.......................................................... 63.2
86.......................................................... 58.6
87.......................................................... 54.2
88.......................................................... 50.1
89.......................................................... 46.7
90.......................................................... 44.2
------------------------------------------------------------------------
Table II.A--FERS Present Value Factors for Ages 40 Through 61
[Applicable to annuity payable when annuity is not increased by cost-of-
living adjustments before age 62 following an election under 5 U.S.C.
8416(b), 8416(c), 8417(b), or 8420a, or under section 1043 of Pub. L.
104-106]
------------------------------------------------------------------------
Present value
Age factor
------------------------------------------------------------------------
40...................................................... 195.8
41...................................................... 196.2
42...................................................... 196.2
43...................................................... 195.9
44...................................................... 195.4
45...................................................... 194.9
46...................................................... 194.4
47...................................................... 194.0
48...................................................... 193.5
49...................................................... 192.9
50...................................................... 192.5
51...................................................... 192.1
52...................................................... 191.6
53...................................................... 191.2
54...................................................... 190.6
55...................................................... 190.0
56...................................................... 189.4
57...................................................... 188.8
58...................................................... 188.3
59...................................................... 187.7
60...................................................... 187.1
61...................................................... 186.6
------------------------------------------------------------------------
Table II.B--FERS Present Value Factors for Ages 40 Through 61
[Applicable to annuity payable when annuity is increased by cost-of-
living adjustments before age 62 following an election under 5 U.S.C.
8416(b), 8416(c), 8417(b), or 8420a, or under section 1043 of Pub. L.
104-106]
------------------------------------------------------------------------
Present value
Age factor
------------------------------------------------------------------------
40...................................................... 261.5
41...................................................... 260.1
42...................................................... 258.0
43...................................................... 255.5
44...................................................... 252.6
45...................................................... 249.5
46...................................................... 246.3
47...................................................... 243.3
48...................................................... 240.1
49...................................................... 236.7
50...................................................... 233.4
51...................................................... 230.0
52...................................................... 226.5
53...................................................... 222.8
54...................................................... 218.9
55...................................................... 215.0
56...................................................... 210.9
57...................................................... 206.6
58...................................................... 202.3
59...................................................... 197.9
60...................................................... 193.3
61...................................................... 188.6
------------------------------------------------------------------------
Table III--FERS Present Value Factors for Ages at Calculation Below 40
[Applicable to annuity payable following an election under section 1043
of Pub. L. 104-106]
------------------------------------------------------------------------
Present value
Age at calculation of a monthly
annuity
------------------------------------------------------------------------
17...................................................... 298.9
18...................................................... 297.9
19...................................................... 296.7
20...................................................... 295.6
21...................................................... 294.4
22...................................................... 293.2
[[Page 32245]]
23...................................................... 291.9
24...................................................... 290.5
25...................................................... 289.2
26...................................................... 287.8
27...................................................... 286.3
28...................................................... 284.8
29...................................................... 283.2
30...................................................... 281.6
31...................................................... 279.9
32...................................................... 278.1
33...................................................... 276.3
34...................................................... 274.4
35...................................................... 272.4
36...................................................... 270.4
37...................................................... 268.3
38...................................................... 266.1
39...................................................... 263.8
------------------------------------------------------------------------
U.S. Office of Personnel Management.
John Berry,
Director.
[FR Doc. 2011-13707 Filed 6-2-11; 8:45 am]
BILLING CODE 6325-38-P
