2013 Railroad Experience Rating Proclamations, Monthly Compensation Base and Other Determinations, 66876-66877 [2012-27113]
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66876
Federal Register / Vol. 77, No. 216 / Wednesday, November 7, 2012 / Notices
For the Nuclear Regulatory Commission.
Eric J. Leeds,
Director, Office of Nuclear Reactor
Regulation.
RAILROAD RETIREMENT BOARD
[FR Doc. 2012–27192 Filed 11–6–12; 8:45 am]
2013 Railroad Experience Rating
Proclamations, Monthly Compensation
Base and Other Determinations
BILLING CODE 7590–01–P
AGENCY:
ACTION:
Railroad Retirement Board.
Notice.
Pursuant to section 8(c)(2)
and section 12(r)(3) of the Railroad
Unemployment Insurance Act (Act) (45
U.S.C. 358(c)(2) and 45 U.S.C. 362(r)(3),
respectively), the Board gives notice of
the following:
1. The balance to the credit of the
Railroad Unemployment Insurance
(RUI) Account, as of June 30, 2012, is
$184,918,694.78;
2. The September 30, 2012, balance of
any new loans to the RUI Account,
including accrued interest, is zero;
3. The system compensation base is
$3,792,951,628.64 as of June 30, 2012;
4. The cumulative system unallocated
charge balance is ($348,280,856.36) as of
June 30, 2012;
5. The pooled credit ratio for calendar
year 2013 is zero;
6. The pooled charged ratio for
calendar year 2013 is zero;
7. The surcharge rate for calendar year
2013 is zero;
8. The monthly compensation base
under section 1(i) of the Act is $1,405
for months in calendar year 2013;
9. The amount described in sections
1(k) and 3 of the Act as ‘‘2.5 times the
monthly compensation base’’ is
$3,512.50 for base year (calendar year)
2013;
10. The amount described in section
4(a–2)(i)(A) of the Act as ‘‘2.5 times the
monthly compensation base’’ is
$3,512.50 with respect to
disqualifications ending in calendar
year 2013;
11. The amount described in section
2(c) of the Act as ‘‘an amount that bears
the same ratio to $775 as the monthly
compensation base for that year as
computed under section 1(i) of this Act
bears to $600’’ is $1,815 for months in
calendar year 2013;
12. The maximum daily benefit rate
under section 2(a)(3) of the Act is $68
with respect to days of unemployment
and days of sickness in registration
periods beginning after June 30, 2013.
DATES: The balance in notice (1) and the
determinations made in notices (3)
through (7) are based on data as of June
30, 2012. The balance in notice (2) is
based on data as of September 30, 2012.
The determinations made in notices (5)
through (7) apply to the calculation,
under section 8(a)(1)(C) of the Act, of
employer contribution rates for 2013.
The determinations made in notices (8)
SUMMARY:
PRESIDIO TRUST
Notice of Public Meeting
AGENCY:
ACTION:
The Presidio Trust.
Notice of Public Meeting.
In accordance with § 103(c)(6)
of the Presidio Trust Act, 16 U.S.C.
460bb appendix, and in accordance
with the Presidio Trust’s bylaws, notice
is hereby given that a public meeting of
the Presidio Trust Board of Directors
will be held commencing 6:30 p.m. on
Thursday, November 29, 2012, at the
Golden Gate Club, 135 Fisher Loop,
Presidio of San Francisco, California.
The Presidio Trust was created by
Congress in 1996 to manage
approximately eighty percent of the
former U.S. Army base known as the
Presidio, in San Francisco, California.
The purposes of this meeting are to
take action on the minutes of a previous
Board meeting, to provide the
Chairperson’s report, to provide the
Executive Director’s report, to provide
partners’ reports, to provide program
updates, to receive public comment on
a proposed use limit on commercial dog
walking, and to receive public comment
on other matters in accordance with the
Trust’s Public Outreach Policy.
Individuals requiring special
accommodation at this meeting, such as
needing a sign language interpreter,
should contact Mollie Matull at
415.561.5300 prior to November 22,
2012.
SUMMARY:
Time: The meeting will begin at
6:30 p.m. on Thursday, November 29,
2012.
DATES:
The meeting will be held at
the Golden Gate Club, 135 Fisher Loop,
Presidio of San Francisco.
ADDRESSES:
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FOR FURTHER INFORMATION CONTACT:
Karen Cook, General Counsel, the
Presidio Trust, 34 Graham Street, P.O.
Box 29052, San Francisco, California
94129–0052, Telephone: 415.561.5300.
Dated: October 30, 2012.
Karen A. Cook,
General Counsel.
[FR Doc. 2012–27123 Filed 11–6–12; 8:45 am]
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through (11) are effective January 1,
2013. The determination made in notice
(12) is effective for registration periods
beginning after June 30, 2013.
ADDRESSES: Secretary to the Board,
Railroad Retirement Board, 844 Rush
Street, Chicago, Illinois 60611–2092.
FOR FURTHER INFORMATION CONTACT:
Marla L. Huddleston, Bureau of the
Actuary, Railroad Retirement Board, 844
Rush Street, Chicago, Illinois 60611–
2092, telephone (312) 751–4779.
SUPPLEMENTARY INFORMATION: The RRB
is required by section 8(c)(1) of the
Railroad Unemployment Insurance Act
(Act) (45 U.S.C. 358(c)(1)) as amended
by Public Law 100–647, to proclaim by
October 15 of each year certain systemwide factors used in calculating
experience-based employer contribution
rates for the following year. The RRB is
further required by section 8(c)(2) of the
Act (45 U.S.C. 358(c)(2)) to publish the
amounts so determined and proclaimed.
The RRB is required by section 12(r)(3)
of the Act (45 U.S.C. 362(r)(3)) to
publish by December 11, 2012, the
computation of the calendar year 2013
monthly compensation base (section 1(i)
of the Act) and amounts described in
sections 1(k), 2(c), 3 and 4(a–2)(i)(A) of
the Act which are related to changes in
the monthly compensation base. Also,
the RRB is required to publish, by June
11, 2013, the maximum daily benefit
rate under section 2(a)(3) of the Act for
days of unemployment and days of
sickness in registration periods
beginning after June 30, 2013.
Surcharge Rate
A surcharge is added in the
calculation of each employer’s
contribution rate, subject to the
applicable maximum rate, for a calendar
year whenever the balance to the credit
of the RUI Account on the preceding
June 30 is less than the greater of $100
million or the amount that bears the
same ratio to $100 million as the system
compensation base for that June 30
bears to the system compensation base
as of June 30, 1991. If the RUI Account
balance is less than $100 million (as
indexed), but at least $50 million (as
indexed), the surcharge will be 1.5
percent. If the RUI Account balance is
less than $50 million (as indexed), but
greater than zero, the surcharge will be
2.5 percent. The maximum surcharge of
3.5 percent applies if the RUI Account
balance is less than zero.
The system compensation base as of
June 30, 1991 was $2,763,287,237.04.
The system compensation base for June
30, 2012 was $3,792,951,628.64. The
ratio of $3,792,951,628.64 to
$2,763,287,237.04 is 1.37262300.
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Federal Register / Vol. 77, No. 216 / Wednesday, November 7, 2012 / Notices
Multiplying 1.37262300 by $100 million
yields $137,262,300. Multiplying $50
million by 1.37262300 produces
$68,631,150. The Account balance on
June 30, 2012, was $184,918,694.78.
Accordingly, the surcharge rate for
calendar year 2013 is zero.
pmangrum on DSK3VPTVN1PROD with NOTICES
Monthly Compensation Base
For years after 1988, section 1(i) of the
Act contains a formula for determining
the monthly compensation base. Under
the prescribed formula, the monthly
compensation base increases by
approximately two-thirds of the
cumulative growth in average national
wages since 1984. The monthly
compensation base for months in
calendar year 2013 shall be equal to the
greater of (a) $600 or (b) $600 [1 + {(A
¥ 37,800)/56,700}], where A equals the
amount of the applicable base with
respect to tier 1 taxes for 2013 under
section 3231(e)(2) of the Internal
Revenue Code of 1986. Section 1(i)
further provides that if the amount so
determined is not a multiple of $5, it
shall be rounded to the nearest multiple
of $5.
The calendar year 2013 tier 1 tax base
is $113,700. Subtracting $37,800 from
$113,700 produces $75,900. Dividing
$75,900 by $56,700 yields a ratio of
1.33862434. Adding one gives
2.33862434. Multiplying $600 by the
amount 2.33862434 produces the
amount of $1,403.17, which must then
be rounded to $1,405. Accordingly, the
monthly compensation base is
determined to be $1,405 for months in
calendar year 2013.
Amounts Related to Changes in
Monthly Compensation Base
For years after 1988, sections 1(k), 3,
4(a–2)(i)(A) and 2(c) of the Act contain
formulas for determining amounts
related to the monthly compensation
base.
Under section 1(k), remuneration
earned from employment covered under
the Act cannot be considered subsidiary
remuneration if the employee’s base
year compensation is less than 2.5 times
the monthly compensation base for
months in such base year. Under section
3, an employee shall be a ‘‘qualified
employee’’ if his/her base year
compensation is not less than 2.5 times
the monthly compensation base for
months in such base year. Under section
4(a–2)(i)(A), an employee who leaves
work voluntarily without good cause is
disqualified from receiving
unemployment benefits until he has
been paid compensation of not less than
2.5 times the monthly compensation
base for months in the calendar year in
which the disqualification ends.
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Multiplying 2.5 by the calendar year
2013 monthly compensation base of
$1,405 produces $3,512.50.
Accordingly, the amount determined
under sections 1(k), 3 and 4(a–2)(i)(A) is
$3,512.50 for calendar year 2013.
Under section 2(c), the maximum
amount of normal benefits paid for days
of unemployment within a benefit year
and the maximum amount of normal
benefits paid for days of sickness within
a benefit year shall not exceed an
employee’s compensation in the base
year. In determining an employee’s base
year compensation, any money
remuneration in a month not in excess
of an amount that bears the same ratio
to $775 as the monthly compensation
base for that year bears to $600 shall be
taken into account.
The calendar year 2013 monthly
compensation base is $1,405. The ratio
of $1,405 to $600 is 2.34166667.
Multiplying 2.34166667 by $775
produces $1,815. Accordingly, the
amount determined under section 2(c) is
$1,815 for months in calendar year
2013.
Maximum Daily Benefit Rate
Section 2(a)(3) contains a formula for
determining the maximum daily benefit
rate for registration periods beginning
after June 30, 1989, and after each June
30 thereafter. Legislation enacted on
October 9, 1996, revised the formula for
indexing maximum daily benefit rates.
Under the prescribed formula, the
maximum daily benefit rate increases by
approximately two-thirds of the
cumulative growth in average national
wages since 1984. The maximum daily
benefit rate for registration periods
beginning after June 30, 2013, shall be
equal to 5 percent of the monthly
compensation base for the base year
immediately preceding the beginning of
the benefit year. Section 2(a)(3) further
provides that if the amount so computed
is not a multiple of $1, it shall be
rounded down to the nearest multiple of
$1.
The calendar year 2012 monthly
compensation base is $1,365.
Multiplying $1,365 by 0.05 yields
$68.25, which must then be rounded
down to $68. Accordingly, the
maximum daily benefit rate for days of
unemployment and days of sickness
beginning in registration periods after
June 30, 2013, is determined to be $68.
Dated: October 31, 2012.
By Authority of the Board.
Martha P. Rico,
Secretary to the Board.
[FR Doc. 2012–27113 Filed 11–6–12; 8:45 am]
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66877
RAILROAD RETIREMENT BOARD
Agency Forms Submitted for OMB
Review, Request for Comments
In accordance with the
Paperwork Reduction Act of 1995 (44
U.S.C. Chapter 35), the Railroad
Retirement Board (RRB) is forwarding
three Information Collection Requests
(ICR) to the Office of Information and
Regulatory Affairs (OIRA), Office of
Management and Budget (OMB). Our
ICR describes the information we seek
to collect from the public. Review and
approval by OIRA ensures that we
impose appropriate paperwork burdens.
The RRB invites comments on the
proposed collections of information to
determine (1) the practical utility of the
collections; (2) the accuracy of the
estimated burden of the collections; (3)
ways to enhance the quality, utility, and
clarity of the information that is the
subject of collection; and (4) ways to
minimize the burden of collections on
respondents, including the use of
automated collection techniques or
other forms of information technology.
Comments to the RRB or OIRA must
contain the OMB control number of the
ICR. For proper consideration of your
comments, it is best if the RRB and
OIRA receive them within 30 days of
the publication date.
1. Title and purpose of information
collection: Application for Employee
Annuity Under the Railroad Retirement
Act; OMB 3220–0002.
Section 2a of the Railroad Retirement
Act (RRA) provides for payments of age
and service, disability, and
supplemental annuities to qualified
employees. An annuity cannot be paid
until the employee stops working for a
railroad employer. In addition, the age
and service employee must relinquish
any rights held to such a job. A disabled
employee does not need to relinquish
employee rights until attaining Full
Retirement Age, or if earlier, when their
spouse files for a spouse annuity.
Benefits become payable after the
employee meets certain other
requirements, which depend on the type
of annuity payable. The requirements
for obtaining the annuities are
prescribed in 20 CFR 216 and 220.
To collect the information needed to
help determine an applicant’s
entitlement to, and the amount of, an
employee retirement annuity the RRB
uses Forms AA–1, Application for
Employee Annuity; AA–1d, Application
for Determination of Employee
Disability; G–204, Verification of
Workers Compensation/Public Disability
Benefit Information and electronic Form
SUMMARY:
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[Federal Register Volume 77, Number 216 (Wednesday, November 7, 2012)]
[Notices]
[Pages 66876-66877]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-27113]
=======================================================================
-----------------------------------------------------------------------
RAILROAD RETIREMENT BOARD
2013 Railroad Experience Rating Proclamations, Monthly
Compensation Base and Other Determinations
AGENCY: Railroad Retirement Board.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: Pursuant to section 8(c)(2) and section 12(r)(3) of the
Railroad Unemployment Insurance Act (Act) (45 U.S.C. 358(c)(2) and 45
U.S.C. 362(r)(3), respectively), the Board gives notice of the
following:
1. The balance to the credit of the Railroad Unemployment Insurance
(RUI) Account, as of June 30, 2012, is $184,918,694.78;
2. The September 30, 2012, balance of any new loans to the RUI
Account, including accrued interest, is zero;
3. The system compensation base is $3,792,951,628.64 as of June 30,
2012;
4. The cumulative system unallocated charge balance is
($348,280,856.36) as of June 30, 2012;
5. The pooled credit ratio for calendar year 2013 is zero;
6. The pooled charged ratio for calendar year 2013 is zero;
7. The surcharge rate for calendar year 2013 is zero;
8. The monthly compensation base under section 1(i) of the Act is
$1,405 for months in calendar year 2013;
9. The amount described in sections 1(k) and 3 of the Act as ``2.5
times the monthly compensation base'' is $3,512.50 for base year
(calendar year) 2013;
10. The amount described in section 4(a-2)(i)(A) of the Act as
``2.5 times the monthly compensation base'' is $3,512.50 with respect
to disqualifications ending in calendar year 2013;
11. The amount described in section 2(c) of the Act as ``an amount
that bears the same ratio to $775 as the monthly compensation base for
that year as computed under section 1(i) of this Act bears to $600'' is
$1,815 for months in calendar year 2013;
12. The maximum daily benefit rate under section 2(a)(3) of the Act
is $68 with respect to days of unemployment and days of sickness in
registration periods beginning after June 30, 2013.
DATES: The balance in notice (1) and the determinations made in notices
(3) through (7) are based on data as of June 30, 2012. The balance in
notice (2) is based on data as of September 30, 2012. The
determinations made in notices (5) through (7) apply to the
calculation, under section 8(a)(1)(C) of the Act, of employer
contribution rates for 2013. The determinations made in notices (8)
through (11) are effective January 1, 2013. The determination made in
notice (12) is effective for registration periods beginning after June
30, 2013.
ADDRESSES: Secretary to the Board, Railroad Retirement Board, 844 Rush
Street, Chicago, Illinois 60611-2092.
FOR FURTHER INFORMATION CONTACT: Marla L. Huddleston, Bureau of the
Actuary, Railroad Retirement Board, 844 Rush Street, Chicago, Illinois
60611-2092, telephone (312) 751-4779.
SUPPLEMENTARY INFORMATION: The RRB is required by section 8(c)(1) of
the Railroad Unemployment Insurance Act (Act) (45 U.S.C. 358(c)(1)) as
amended by Public Law 100-647, to proclaim by October 15 of each year
certain system-wide factors used in calculating experience-based
employer contribution rates for the following year. The RRB is further
required by section 8(c)(2) of the Act (45 U.S.C. 358(c)(2)) to publish
the amounts so determined and proclaimed. The RRB is required by
section 12(r)(3) of the Act (45 U.S.C. 362(r)(3)) to publish by
December 11, 2012, the computation of the calendar year 2013 monthly
compensation base (section 1(i) of the Act) and amounts described in
sections 1(k), 2(c), 3 and 4(a-2)(i)(A) of the Act which are related to
changes in the monthly compensation base. Also, the RRB is required to
publish, by June 11, 2013, the maximum daily benefit rate under section
2(a)(3) of the Act for days of unemployment and days of sickness in
registration periods beginning after June 30, 2013.
Surcharge Rate
A surcharge is added in the calculation of each employer's
contribution rate, subject to the applicable maximum rate, for a
calendar year whenever the balance to the credit of the RUI Account on
the preceding June 30 is less than the greater of $100 million or the
amount that bears the same ratio to $100 million as the system
compensation base for that June 30 bears to the system compensation
base as of June 30, 1991. If the RUI Account balance is less than $100
million (as indexed), but at least $50 million (as indexed), the
surcharge will be 1.5 percent. If the RUI Account balance is less than
$50 million (as indexed), but greater than zero, the surcharge will be
2.5 percent. The maximum surcharge of 3.5 percent applies if the RUI
Account balance is less than zero.
The system compensation base as of June 30, 1991 was
$2,763,287,237.04. The system compensation base for June 30, 2012 was
$3,792,951,628.64. The ratio of $3,792,951,628.64 to $2,763,287,237.04
is 1.37262300.
[[Page 66877]]
Multiplying 1.37262300 by $100 million yields $137,262,300. Multiplying
$50 million by 1.37262300 produces $68,631,150. The Account balance on
June 30, 2012, was $184,918,694.78. Accordingly, the surcharge rate for
calendar year 2013 is zero.
Monthly Compensation Base
For years after 1988, section 1(i) of the Act contains a formula
for determining the monthly compensation base. Under the prescribed
formula, the monthly compensation base increases by approximately two-
thirds of the cumulative growth in average national wages since 1984.
The monthly compensation base for months in calendar year 2013 shall be
equal to the greater of (a) $600 or (b) $600 [1 + {(A - 37,800)/
56,700{time} ], where A equals the amount of the applicable base with
respect to tier 1 taxes for 2013 under section 3231(e)(2) of the
Internal Revenue Code of 1986. Section 1(i) further provides that if
the amount so determined is not a multiple of $5, it shall be rounded
to the nearest multiple of $5.
The calendar year 2013 tier 1 tax base is $113,700. Subtracting
$37,800 from $113,700 produces $75,900. Dividing $75,900 by $56,700
yields a ratio of 1.33862434. Adding one gives 2.33862434. Multiplying
$600 by the amount 2.33862434 produces the amount of $1,403.17, which
must then be rounded to $1,405. Accordingly, the monthly compensation
base is determined to be $1,405 for months in calendar year 2013.
Amounts Related to Changes in Monthly Compensation Base
For years after 1988, sections 1(k), 3, 4(a-2)(i)(A) and 2(c) of
the Act contain formulas for determining amounts related to the monthly
compensation base.
Under section 1(k), remuneration earned from employment covered
under the Act cannot be considered subsidiary remuneration if the
employee's base year compensation is less than 2.5 times the monthly
compensation base for months in such base year. Under section 3, an
employee shall be a ``qualified employee'' if his/her base year
compensation is not less than 2.5 times the monthly compensation base
for months in such base year. Under section 4(a-2)(i)(A), an employee
who leaves work voluntarily without good cause is disqualified from
receiving unemployment benefits until he has been paid compensation of
not less than 2.5 times the monthly compensation base for months in the
calendar year in which the disqualification ends.
Multiplying 2.5 by the calendar year 2013 monthly compensation base
of $1,405 produces $3,512.50. Accordingly, the amount determined under
sections 1(k), 3 and 4(a-2)(i)(A) is $3,512.50 for calendar year 2013.
Under section 2(c), the maximum amount of normal benefits paid for
days of unemployment within a benefit year and the maximum amount of
normal benefits paid for days of sickness within a benefit year shall
not exceed an employee's compensation in the base year. In determining
an employee's base year compensation, any money remuneration in a month
not in excess of an amount that bears the same ratio to $775 as the
monthly compensation base for that year bears to $600 shall be taken
into account.
The calendar year 2013 monthly compensation base is $1,405. The
ratio of $1,405 to $600 is 2.34166667. Multiplying 2.34166667 by $775
produces $1,815. Accordingly, the amount determined under section 2(c)
is $1,815 for months in calendar year 2013.
Maximum Daily Benefit Rate
Section 2(a)(3) contains a formula for determining the maximum
daily benefit rate for registration periods beginning after June 30,
1989, and after each June 30 thereafter. Legislation enacted on October
9, 1996, revised the formula for indexing maximum daily benefit rates.
Under the prescribed formula, the maximum daily benefit rate increases
by approximately two-thirds of the cumulative growth in average
national wages since 1984. The maximum daily benefit rate for
registration periods beginning after June 30, 2013, shall be equal to 5
percent of the monthly compensation base for the base year immediately
preceding the beginning of the benefit year. Section 2(a)(3) further
provides that if the amount so computed is not a multiple of $1, it
shall be rounded down to the nearest multiple of $1.
The calendar year 2012 monthly compensation base is $1,365.
Multiplying $1,365 by 0.05 yields $68.25, which must then be rounded
down to $68. Accordingly, the maximum daily benefit rate for days of
unemployment and days of sickness beginning in registration periods
after June 30, 2013, is determined to be $68.
Dated: October 31, 2012.
By Authority of the Board.
Martha P. Rico,
Secretary to the Board.
[FR Doc. 2012-27113 Filed 11-6-12; 8:45 am]
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