Federal Employees' Retirement System; Present Value Conversion Factors for Spouses of Deceased Separated Employees, 66278-66279 [2014-26469]
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Federal Register / Vol. 79, No. 216 / Friday, November 7, 2014 / Rules and Regulations
submit a rule report, including a copy
of this rule, to each House of the
Congress and to the Comptroller General
of the United States as required under
the congressional review provisions of
the Small Business Regulatory
Enforcement Fairness Act of 1986.
List of Subjects in 1 CFR Part 51
Administrative practice and
procedure, Code of Federal Regulations,
Federal Register, Incorporation by
reference.
For the reasons discussed in the
preamble, under the authority at 5
U.S.C. 552(a), the Director of the Federal
Register amends chapter II of title 1 of
the Code of Federal Regulations as set
forth below:
PART 51—INCORPORATION BY
REFERENCE
1. The authority citation for part 51
continues to read as follows:
■
Authority: 5 U.S.C. 552(a).
■
2. Revise 51.3 to read as follows:
rmajette on DSK2VPTVN1PROD with RULES
§ 51.3 When will the Director approve a
publication?
(a)(1) The Director will informally
approve the proposed incorporation by
reference of a publication when the
preamble of a proposed rule meets the
requirements of this part (See § 51.5(a)).
(2) If the preamble of a proposed rule
does not meet the requirements of this
part, the Director will return the
document to the agency (See 1 CFR 2.4).
(b) The Director will formally approve
the incorporation by reference of a
publication in a final rule when the
following requirements are met:
(1) The publication is eligible for
incorporation by reference (See § 51.7).
(2) The preamble meets the
requirements of this part (See
§ 51.5(b)(2)).
(3) The language of incorporation
meets the requirements of this part (See
§ 51.9).
(4) The publication is on file with the
Office of the Federal Register.
(5) The Director has received a written
request from the agency to approve the
incorporation by reference of the
publication.
(c) The Director will notify the agency
of the approval or disapproval of an
incorporation by reference in a final rule
within 20 working days after the agency
has met all the requirements for
requesting approvals (See § 51.5).
■
3. Revise 51.5 to read as follows:
VerDate Sep<11>2014
14:20 Nov 06, 2014
Jkt 235001
§ 51.5 How does an agency request
approval?
§ 51.9 What is the proper language of
incorporation?
(a) For a proposed rule, the agency
does not request formal approval but
must:
(1) Discuss, in the preamble of the
proposed rule, the ways that the
materials it proposes to incorporate by
reference are reasonably available to
interested parties or how it worked to
make those materials reasonably
available to interested parties; and
(2) Summarize, in the preamble of the
proposed rule, the material it proposes
to incorporate by reference.
(b) For a final rule, the agency must
request formal approval. The formal
request package must:
(1) Send a letter that contains a
written request for approval at least 20
working days before the agency intends
to submit the final rule document for
publication;
(2) Discuss, in the preamble of the
final rule, the ways that the materials it
incorporates by reference are reasonably
available to interested parties and how
interested parties can obtain the
materials;
(3) Summarize, in the preamble of the
final rule, the material it incorporates by
reference;
(4) Send a copy of the final rule
document that uses the proper language
of incorporation with the written
request (See § 51.9); and
(5) Ensure that a copy of the
incorporated material is on file at the
Office of the Federal Register.
(c) Agencies may consult with the
Office of the Federal Register at any
time with respect to the requirements of
this part.
■ 4. In § 51.7, revise paragraph (a) to
read as follows:
(a) The language incorporating a
publication by reference must be
precise, complete, and clearly state that
the incorporation by reference is
intended and completed by the final
rule document in which it appears.
*
*
*
*
*
(c) If the Director approves a
publication for incorporation by
reference in a final rule, the agency
must include—
(1) The following language under the
DATES caption of the preamble to the
final rule document (See 1 CFR 18.12
Preamble requirements):
The incorporation by reference of
certain publications listed in the
regulations is approved by the Director
of the Federal Register as of llll.
(2) The preamble requirements set out
in 51.5(b).
(3) The term ‘‘incorporation by
reference’’ in the list of index terms (See
1 CFR 18.20 Identification of subjects in
agency regulations).
§ 51.7
AGENCY:
What publications are eligible?
(a) A publication is eligible for
incorporation by reference under 5
U.S.C. 552(a) if it—
(1) Conforms to the policy stated in
§ 51.1;
(2)(i) Is published data, criteria,
standards, specifications, techniques,
illustrations, or similar material; and
(ii) Does not detract from the
usefulness of the Federal Register
publication system; and
(3) Is reasonably available to and
usable by the class of persons affected.
In determining whether a publication is
usable, the Director will consider—
(i) The completeness and ease of
handling of the publication; and
(ii) Whether it is bound, numbered,
and organized, as applicable.
*
*
*
*
*
■ 5. In 51.9, revise paragraphs (a) and (c)
to read as follows:
PO 00000
Frm 00012
Fmt 4700
Sfmt 4700
Dated: November 3, 2014.
Amy P. Bunk,
Acting Director, Office of the Federal Register.
[FR Doc. 2014–26445 Filed 11–6–14; 8:45 am]
BILLING CODE 1505–02–P
OFFICE OF PERSONNEL
MANAGEMENT
5 CFR Part 843
RIN 3206–AM99
Federal Employees’ Retirement
System; Present Value Conversion
Factors for Spouses of Deceased
Separated Employees
Office of Personnel
Management.
ACTION: Final rule.
The Office of Personnel
Management (OPM) is adopting its
proposed rule to revise the table of
reduction factors for early commencing
dates of survivor annuities for spouses
of separated employees who die before
the date on which they would be
eligible for unreduced deferred
annuities, and to revise the annuity
factor for spouses of deceased
employees who die in service when
those spouses elect to receive the basic
employee death benefit in 36
installments under the Federal
Employees’ Retirement System (FERS)
Act of 1986. These rules are necessary
to ensure that the tables conform to the
economic and demographic
assumptions adopted by the Board of
SUMMARY:
E:\FR\FM\07NOR1.SGM
07NOR1
Federal Register / Vol. 79, No. 216 / Friday, November 7, 2014 / Rules and Regulations
Actuaries and published in the Federal
Register on May 21, 2014, as required
by 5 U.S.C. 8461(i).
U.S. Office of Personnel Management.
Katherine Archuleta,
Director.
This rule becomes effective on
November 7, 2014.
For the reasons stated in the
preamble, the Office of Personnel
Management amends 5 CFR part 843 as
follows:
DATES:
FOR FURTHER INFORMATION CONTACT:
Roxann Johnson, (202) 606–0299.
On May
21, 2014, OPM published at 79 FR
29224, a notice in the Federal Register
to revise the normal cost percentages
under the Federal Employees’
Retirement System (FERS) Act of 1986,
Public Law 99–335, 100 Stat. 514, as
amended, based on economic
assumptions and demographic factors
adopted by the Board of Actuaries of the
Civil Service Retirement System. Under
5 U.S.C. 8461(i), the demographic
factors and economic assumptions
require corresponding changes in factors
used to produce actuarially equivalence
when required by the FERS Act. As a
result, on July 18, 2014, at 79 FR 41929,
OPM published a proposed rule in the
Federal Register to revise the table of
reduction factors in Appendix A to
subpart C of part 843, Code of Federal
Regulations, for early commencing dates
of survivor annuities for spouses of
separated employees who die before the
date on which they would be eligible for
unreduced deferred annuities, and to
revise the annuity factor for spouses of
deceased employees who die in service
when those spouses elect to receive the
basic employee death benefit in 36
installments under 5 CFR 843.309. OPM
received no written comments on the
proposed rule.
SUPPLEMENTARY INFORMATION:
Executive Order 12866, Regulatory
Review
This rule has been reviewed by the
Office of Management and Budget in
accordance with Executive Order (E.O.)
12866, as amended by E.O. 13258 and
E.O. 13422.
rmajette on DSK2VPTVN1PROD with RULES
Regulatory Flexibility Act
I certify that this regulation will not
have a significant economic impact on
a substantial number of small entities
because the regulation will only affect
retirement payments to surviving
current and former spouses of former
employees and Members who separated
from Federal service with title to a
deferred annuity.
List of Subjects in 5 CFR Part 843
Air traffic controllers, Disability
benefits, Firefighters, Government
employees, Law enforcement officers,
Pensions, Retirement.
VerDate Sep<11>2014
14:20 Nov 06, 2014
Jkt 235001
Age of separated employee
at birthday before death
PART 843—FEDERAL EMPLOYEES
RETIREMENT SYSTEM—DEATH
BENEFITS AND EMPLOYEE REFUNDS
1. The authority citation for part 843
continues to read as follows:
■
Authority: 5 U.S.C. 8461; §§ 843.205,
843.208, and 843.209 also issued under 5
U.S.C. 8424; § 843.309 also issued under 5
U.S.C. 8442; § 843.406 also issued under 5
U.S.C. 8441.
2. In § 843.309, revise paragraph (b)(2)
to read as follows:
■
Basic employee death benefit.
*
*
*
*
*
(b) * * *
(2) For deaths occurring on or after
October 1, 2014, 36 equal monthly
installments of 2.99522 percent of the
amount of the basic employee death
benefit.
*
*
*
*
*
■ 3. Revise Appendix A to subpart C of
part 843 to read as follows:
Appendix A to Subpart C of Part 843—
Present Value Conversion Factors for
Earlier Comencing Date of Annuities of
Current and Former Spouses of
Deceased Separated Employees
With at least 10 but less than 20 years
of creditable service—
Age of separated employee
at birthday before death
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
PO 00000
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
Frm 00013
Fmt 4700
Sfmt 9990
Multiplier
.0638
.0700
.0764
.0831
.0902
.0978
.1058
.1142
.1233
.1331
.1435
.1547
.1667
.1794
.1931
.2079
.2236
.2406
.2588
.2784
.2993
.3218
.3463
Multiplier
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
.3725
.4008
.4313
.4644
.5001
.5387
.5806
.6262
.6756
.7295
.7882
.8525
.9228
With at least 20, but less than 30 years
of creditable service—
Age of separated employee
at birthday before death
Subpart C—Current and Former
Spouse Benefits
§ 843.309
49
50
51
52
53
54
55
56
57
58
59
60
61
66279
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
Multiplier
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
.1693
.1825
.1966
.2116
.2276
.2449
.2634
.2833
.3047
.3276
.3523
.3787
.4073
.4380
.4712
.5070
.5457
.5875
.6327
.6818
.7351
.7930
.8560
.9248
With at least 30 years of creditable
service—
Age of
separated
employee
at birthday
before
death
46
47
48
49
50
51
52
53
54
55
56
Multiplier by separated
employee’s year of birth
After 1966
..............
..............
..............
..............
..............
..............
..............
..............
..............
..............
..............
.4457
.4790
.5151
.5538
.5955
.6405
.6892
.7417
.7986
.8603
.9272
From 1950
through 1966
.4811
.5170
.5559
.5976
.6426
.6911
.7435
.8001
.8614
.9279
1.0000
[FR Doc. 2014–26469 Filed 11–6–14; 8:45 am]
BILLING CODE 6325–38–P
E:\FR\FM\07NOR1.SGM
07NOR1
]]>Agencies
[Federal Register Volume 79, Number 216 (Friday, November 7, 2014)]
[Rules and Regulations]
[Pages 66278-66279]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-26469]
=======================================================================
-----------------------------------------------------------------------
OFFICE OF PERSONNEL MANAGEMENT
5 CFR Part 843
RIN 3206-AM99
Federal Employees' Retirement System; Present Value Conversion
Factors for Spouses of Deceased Separated Employees
AGENCY: Office of Personnel Management.
ACTION: Final rule.
-----------------------------------------------------------------------
SUMMARY: The Office of Personnel Management (OPM) is adopting its
proposed rule to revise the table of reduction factors for early
commencing dates of survivor annuities for spouses of separated
employees who die before the date on which they would be eligible for
unreduced deferred annuities, and to revise the annuity factor for
spouses of deceased employees who die in service when those spouses
elect to receive the basic employee death benefit in 36 installments
under the Federal Employees' Retirement System (FERS) Act of 1986.
These rules are necessary to ensure that the tables conform to the
economic and demographic assumptions adopted by the Board of
[[Page 66279]]
Actuaries and published in the Federal Register on May 21, 2014, as
required by 5 U.S.C. 8461(i).
DATES: This rule becomes effective on November 7, 2014.
FOR FURTHER INFORMATION CONTACT: Roxann Johnson, (202) 606-0299.
SUPPLEMENTARY INFORMATION: On May 21, 2014, OPM published at 79 FR
29224, a notice in the Federal Register to revise the normal cost
percentages under the Federal Employees' Retirement System (FERS) Act
of 1986, Public Law 99-335, 100 Stat. 514, as amended, based on
economic assumptions and demographic factors adopted by the Board of
Actuaries of the Civil Service Retirement System. Under 5 U.S.C.
8461(i), the demographic factors and economic assumptions require
corresponding changes in factors used to produce actuarially
equivalence when required by the FERS Act. As a result, on July 18,
2014, at 79 FR 41929, OPM published a proposed rule in the Federal
Register to revise the table of reduction factors in Appendix A to
subpart C of part 843, Code of Federal Regulations, for early
commencing dates of survivor annuities for spouses of separated
employees who die before the date on which they would be eligible for
unreduced deferred annuities, and to revise the annuity factor for
spouses of deceased employees who die in service when those spouses
elect to receive the basic employee death benefit in 36 installments
under 5 CFR 843.309. OPM received no written comments on the proposed
rule.
Executive Order 12866, Regulatory Review
This rule has been reviewed by the Office of Management and Budget
in accordance with Executive Order (E.O.) 12866, as amended by E.O.
13258 and E.O. 13422.
Regulatory Flexibility Act
I certify that this regulation will not have a significant economic
impact on a substantial number of small entities because the regulation
will only affect retirement payments to surviving current and former
spouses of former employees and Members who separated from Federal
service with title to a deferred annuity.
List of Subjects in 5 CFR Part 843
Air traffic controllers, Disability benefits, Firefighters,
Government employees, Law enforcement officers, Pensions, Retirement.
U.S. Office of Personnel Management.
Katherine Archuleta,
Director.
For the reasons stated in the preamble, the Office of Personnel
Management amends 5 CFR part 843 as follows:
PART 843--FEDERAL EMPLOYEES RETIREMENT SYSTEM--DEATH BENEFITS AND
EMPLOYEE REFUNDS
0
1. The authority citation for part 843 continues to read as follows:
Authority: 5 U.S.C. 8461; Sec. Sec. 843.205, 843.208, and
843.209 also issued under 5 U.S.C. 8424; Sec. 843.309 also issued
under 5 U.S.C. 8442; Sec. 843.406 also issued under 5 U.S.C. 8441.
Subpart C--Current and Former Spouse Benefits
0
2. In Sec. 843.309, revise paragraph (b)(2) to read as follows:
Sec. 843.309 Basic employee death benefit.
* * * * *
(b) * * *
(2) For deaths occurring on or after October 1, 2014, 36 equal
monthly installments of 2.99522 percent of the amount of the basic
employee death benefit.
* * * * *
0
3. Revise Appendix A to subpart C of part 843 to read as follows:
Appendix A to Subpart C of Part 843--Present Value Conversion Factors
for Earlier Comencing Date of Annuities of Current and Former Spouses
of Deceased Separated Employees
With at least 10 but less than 20 years of creditable service--
------------------------------------------------------------------------
Age of separated employee at birthday before death Multiplier
------------------------------------------------------------------------
26...................................................... .0638
27...................................................... .0700
28...................................................... .0764
29...................................................... .0831
30...................................................... .0902
31...................................................... .0978
32...................................................... .1058
33...................................................... .1142
34...................................................... .1233
35...................................................... .1331
36...................................................... .1435
37...................................................... .1547
38...................................................... .1667
39...................................................... .1794
40...................................................... .1931
41...................................................... .2079
42...................................................... .2236
43...................................................... .2406
44...................................................... .2588
45...................................................... .2784
46...................................................... .2993
47...................................................... .3218
48...................................................... .3463
49...................................................... .3725
50...................................................... .4008
51...................................................... .4313
52...................................................... .4644
53...................................................... .5001
54...................................................... .5387
55...................................................... .5806
56...................................................... .6262
57...................................................... .6756
58...................................................... .7295
59...................................................... .7882
60...................................................... .8525
61...................................................... .9228
------------------------------------------------------------------------
With at least 20, but less than 30 years of creditable service--
------------------------------------------------------------------------
Age of separated employee at birthday before death Multiplier
------------------------------------------------------------------------
36...................................................... .1693
37...................................................... .1825
38...................................................... .1966
39...................................................... .2116
40...................................................... .2276
41...................................................... .2449
42...................................................... .2634
43...................................................... .2833
44...................................................... .3047
45...................................................... .3276
46...................................................... .3523
47...................................................... .3787
48...................................................... .4073
49...................................................... .4380
50...................................................... .4712
51...................................................... .5070
52...................................................... .5457
53...................................................... .5875
54...................................................... .6327
55...................................................... .6818
56...................................................... .7351
57...................................................... .7930
58...................................................... .8560
59...................................................... .9248
------------------------------------------------------------------------
With at least 30 years of creditable service--
------------------------------------------------------------------------
Multiplier by separated
employee's year of birth
Age of separated employee at birthday -------------------------------
before death From 1950
After 1966 through 1966
------------------------------------------------------------------------
46...................................... .4457 .4811
47...................................... .4790 .5170
48...................................... .5151 .5559
49...................................... .5538 .5976
50...................................... .5955 .6426
51...................................... .6405 .6911
52...................................... .6892 .7435
53...................................... .7417 .8001
54...................................... .7986 .8614
55...................................... .8603 .9279
56...................................... .9272 1.0000
------------------------------------------------------------------------
[FR Doc. 2014-26469 Filed 11-6-14; 8:45 am]
BILLING CODE 6325-38-P
