Civil Service Retirement System; Present Value Factors, 18263-18265 [2015-07677]
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Federal Register / Vol. 80, No. 64 / Friday, April 3, 2015 / Notices
April 29, 2014, order shall become null
and void. However, upon written
application and for good cause shown,
the October 29, 2015, date may be
extended by further order.
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The order of April 29, 2014, as modified
by this order, remains in full force and
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For further details with respect to this
order, see the submittal dated February
12, 2015, which is available for public
inspection at the Commission’s Public
Document Room (PDR), at One White
Flint North, 11555 Rockville Pike, Room
O–1 F21 (First Floor), Rockville,
Maryland and accessible electronically
from the Agencywide Documents
Access and Management System
(ADAMS) Public Electronic Reading
Room on the Internet at the NRC Web
site, https://www.nrc.gov/reading-rm/
adams.html. Persons who do not have
access to ADAMS or who encounter
problems in accessing the documents
located in ADAMS should contact the
NRC PDR Reference staff by telephone
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by email to pdr@nrc.gov.
Dated at Rockville, Maryland, this 27th day
of March 2015.
For The Nuclear Regulatory Commission.
Glenn M. Tracy,
Director, Office of New Reactors.
[FR Doc. 2015–07710 Filed 4–2–15; 8:45 am]
BILLING CODE 7590–01–P
NUCLEAR REGULATORY
COMMISISON
[NRC–2015–0076]
Privacy Act of 1974; Republication of
Systems of Records Notices;
Correction
Nuclear Regulatory
Commission.
ACTION: Republication of systems of
records notices; request for comment;
correction.
AGENCY:
The U.S. Nuclear Regulatory
Commission (NRC) is correcting a notice
that was published in the Federal
Register (FR) on March 30, 2015,
regarding republication of systems of
records notices. This action is necessary
to correct the Docket ID.
DATES: The correction is effective April
3, 2015.
ADDRESSES: Please refer to Docket ID
NRC–2015–0076 when contacting the
NRC about the availability of
information regarding this document.
You may obtain publicly-available
information related to this document
using any of the following methods:
asabaliauskas on DSK5VPTVN1PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:49 Apr 02, 2015
Jkt 235001
• Federal Rulemaking Web site: Go to
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for Docket ID NRC–2015–0076. Address
questions about NRC dockets to Carol
Gallagher; telephone: 301–415–3463;
email: Carol.Gallagher@nrc.gov. For
technical questions, contact the
individual listed in the FOR FURTHER
INFORMATION CONTACT section of this
document.
• NRC’s Agencywide Documents
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Commission, Washington, DC 20555–
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Sally.Hardy@nrc.gov.
SUPPLEMENTARY INFORMATION: In the FR
of March 30, 2015, in FR Doc. 2015–
07186, on page 16924, in the heading
and in the second, sixth, and seventh
paragraphs of the second column, and
in the second paragraph of the third
column, ‘‘NRC–2015–0072’’ is corrected
to read ‘‘NRC–2015–0076.’’
Dated at Rockville, Maryland, this 30th day
of March, 2015.
For the Nuclear Regulatory Commission.
Cindy Bladey,
Chief, Rules, Announcements, and Directives
Branch, Division of Administrative Services,
Office of Administration.
[FR Doc. 2015–07703 Filed 4–2–15; 8:45 am]
BILLING CODE 7590–01–P
OFFICE OF PERSONNEL
MANAGEMENT
Civil Service Retirement System;
Present Value Factors
Office of Personnel
Management.
ACTION: Notice.
AGENCY:
PO 00000
Frm 00076
Fmt 4703
Sfmt 4703
18263
The Office of Personnel
Management (OPM) is providing notice
of adjusted present value factors
applicable to retirees under the Civil
Service Retirement System (CSRS) who
elect to provide survivor annuity
benefits to a spouse based on postretirement marriage; to retiring
employees who elect the alternative
form of annuity, owe certain redeposits
based on refunds of contributions for
service ending before March 1, 1991, or
elect to credit certain service with
nonappropriated fund instrumentalities;
or, for individuals with certain types of
retirement coverage errors who can elect
to receive credit for service by taking an
actuarial reduction under the provisions
of the Federal Erroneous Retirement
Coverage Correction Act. This notice is
necessary to conform the present value
factors to changes in the economic and
demographic 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, 2015.
ADDRESSES: Send requests for actuarial
assumptions and data to the Board of
Actuaries, care of Gregory Kissel, Senior
Actuary, Office of Planning and Policy
Analysis, Office of Personnel
Management, Room 4307, 1900 E Street
NW., Washington, DC 20415.
FOR FURTHER INFORMATION CONTACT:
Karla Yeakle, (202) 606–0299.
SUPPLEMENTARY INFORMATION: Several
provisions of CSRS 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 831.2205(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. 8343a. That
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 section 831.2205(a) of title 5,
Code of Federal Regulations.
SUMMARY:
E:\FR\FM\03APN1.SGM
03APN1
asabaliauskas on DSK5VPTVN1PROD with NOTICES
18264
Federal Register / Vol. 80, No. 64 / Friday, April 3, 2015 / Notices
Section 831.303(c) of title 5, Code of
Federal Regulations, prescribes the use
of these factors for computing the
reduction to complete payment of
certain redeposits of refunded
deductions based on periods of service
that ended before March 1, 1991, under
section 8334(d)(2) of title 5, United
States Code; section 1902 of the
National Defense Authorization Act for
Fiscal Year 2010, Public Law 111–84.
Section 831.663 of Title 5, Code of
Federal Regulations, prescribes the use
of similar factors for computing the
reduction required for certain elections
to provide survivor annuity benefits
based on a post-retirement marriage
under section 8339(j)(5)(C) or (k)(2) of
title 5, United States Code. Under
section 11004 of the Omnibus Budget
Reconciliation Act of 1993, Public Law
103–66, 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.
Subpart F of part 847 of title 5, Code
of Federal Regulations, prescribes the
use of similar 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.
Subpart I of part 847 of title 5, Code of
Federal Regulations, prescribes the use
of present value factors for employees
that elect to credit nonappropriated
fund instrumentality service to qualify
for immediate retirement under section
1132 of Public Law 107–107.
Sections 839.1114–1121 of title 5,
Code of Federal Regulations, prescribes
the use of these factors for computing
the reduction required for certain
service credit deposits, Government
Thrift Savings Plan contributions, or for
previous payment of the FERS Basic
Employee Death Benefit in annuities
subject to the Federal Erroneous
Retirement Coverage Corrections Act
(FERCCA) under the provisions of
Public Law 106–265. Retirees and
survivors who owe a larger deposit
because of a retirement coverage error
can choose to pay the additional deposit
amount or their annuity will be
actuarially reduced to account for the
deposit amount that remains unpaid.
Additionally, retirees and survivors of
deceased employees who received
Government contributions to their Thrift
Savings Plan account after being
VerDate Sep<11>2014
17:49 Apr 02, 2015
Jkt 235001
corrected to FERS and who later elect
CSRS Offset under FERCCA keep the
Government contributions and
associated earnings in their Thrift
Savings Plan account. Instead of
adjusting the Thrift Savings Plan
account, FERCCA requires that the
CSRS-Offset annuity be actuarially
reduced. Also, survivors that received
the FERS Basic Employee Death Benefit
and elect CSRS Offset under FERCCA
do not have to pay back the Basic
Employee Death Benefit. Instead, OPM
actuarially reduces the survivor annuity
payable. These reductions under
FERCCA allow the annuity to be
actuarially reduced in a way that, on
average, allows the Fund to recover the
amount of the missing lump sum over
the recipient’s lifetime.
The present value factors currently in
effect were published by OPM (79 FR
29225) on May 21, 2014. On April 3,
2015, OPM published a notice to revise
the normal cost percentage under the
Federal Employees’ Retirement System
(FERS) Act of 1986, Public Law 99–335,
based on changed demographic
assumptions adopted by the Board of
Actuaries of the CSRS. Those changes
require corresponding changes in CSRS
normal costs and present value factors
used to produce actuarially equivalent
benefits when required by the Civil
Service Retirement Act. The revised
factors will become effective on October
1, 2015, to correspond with the changes
in CSRS normal cost percentages. For
alternative forms of annuity and
redeposits of employee contributions,
the new factors will apply to annuities
that commence on or after October 1,
2015. See 5 CFR 831.2205 and
831.303(c). For survivor election
deposits, the new factors will apply to
survivor reductions that commence on
or after October 1, 2015. See 5 CFR
831.663(c) and (d). For obtaining credit
for service with certain nonappropriated
fund instrumentalities, the new factors
will apply to cases in which the date of
computation under sections 847.603 or
847.809 of title 5, Code of Federal
Regulations, is on or after October 1,
2015. See 5 CFR § 847.602(c), 847.603,
and 847.809. For retirement coverage
corrections under FERCCA, the new
factors will apply to annuities that
commence on or after October 1, 2015,
or in the case of previous payment of
the Basic Employee Death Benefit, the
new factors will apply to deaths
occurring on or after October 1, 2015.
See 5 CFR 839.1114–1121 and 5 CFR
831.303(d).
OPM is, therefore, revising the tables
of present value factors to read as
follows:
PO 00000
Frm 00077
Fmt 4703
Sfmt 4703
CSRS PRESENT VALUE FACTORS APPLICABLE TO ANNUITY PAYABLE FOLLOWING AN ELECTION UNDER SECTION 8339(J) OR (K) OR SECTION
8343A OF TITLE 5, UNITED STATES
CODE, OR UNDER SECTION 1043 OF
PUBLIC LAW 104–106 OR UNDER
SECTION 1132 OF PUBLIC LAW 107–
107 OR UNDER FERCCA OR FOLLOWING A REDEPOSIT UNDER SECTION 8334(D)(2) OF TITLE 5, UNITED
STATES CODE
Age
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
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
91
92
93
94
95
96
97
..........................................
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E:\FR\FM\03APN1.SGM
03APN1
Present value
factor
329.9
325.9
321.8
317.5
313.1
308.5
303.8
299.0
294.2
289.4
284.5
279.6
274.5
269.2
263.7
258.0
252.1
246.2
240.1
233.8
227.5
221.1
214.6
208.0
201.3
194.6
187.9
181.1
174.3
167.5
160.6
153.8
147.0
140.2
133.5
126.9
120.5
114.2
108.0
102.0
96.2
90.5
85.1
79.8
74.8
69.9
65.3
60.8
56.6
52.6
48.8
45.4
42.2
39.2
36.5
34.2
32.1
30.2
Federal Register / Vol. 80, No. 64 / Friday, April 3, 2015 / Notices
CSRS PRESENT VALUE FACTORS APPLICABLE TO ANNUITY PAYABLE FOLLOWING AN ELECTION UNDER SECTION 8339(J) OR (K) OR SECTION
8343A OF TITLE 5, UNITED STATES
CODE, OR UNDER SECTION 1043 OF
PUBLIC LAW 104–106 OR UNDER
SECTION 1132 OF PUBLIC LAW 107–
107 OR UNDER FERCCA OR FOLLOWING A REDEPOSIT UNDER SECTION 8334(D)(2) OF TITLE 5, UNITED
STATES CODE—Continued
Age
Present value
factor
98 ..........................................
99 ..........................................
100 ........................................
101 ........................................
102 ........................................
103 ........................................
104 ........................................
105 ........................................
106 ........................................
107 ........................................
108 ........................................
109 ........................................
28.4
26.7
25.1
23.9
22.6
21.3
20.3
19.5
18.5
16.5
12.9
6.4
CSRS PRESENT VALUE FACTORS APPLICABLE TO ANNUITY PAYABLE FOLLOWING AN ELECTION UNDER SECTION 1043 OF PUBLIC LAW 104–106
OR UNDER SECTION 1132 OF PUBLIC LAW 107–107 OR UNDER
FERCCA
[For ages at calculation below 40]
asabaliauskas on DSK5VPTVN1PROD with NOTICES
Age at calculation
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
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VerDate Sep<11>2014
17:49 Apr 02, 2015
Present value
of a monthly
annuity
402.6
400.1
397.6
395.0
392.3
389.6
386.8
384.0
381.1
378.2
375.2
372.1
369.0
365.8
362.5
359.2
355.8
352.4
348.8
345.2
341.5
337.7
333.9
Jkt 235001
U.S. Office of Personnel Management.
Katherine Archuleta,
Director.
[FR Doc. 2015–07677 Filed 4–2–15; 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 and demographic
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, 2015.
ADDRESSES: Send requests for actuarial
assumptions and data to the Board of
Actuaries, care of Gregory Kissel, Senior
Actuary, Office of Planning and Policy
Analysis, Office of Personnel
Management, Room 4307, 1900 E Street
NW., Washington, DC 20415.
FOR FURTHER INFORMATION CONTACT:
Karla Yeakle, (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
SUMMARY:
PO 00000
Frm 00078
Fmt 4703
Sfmt 4703
18265
of annuity under 5 U.S.C. 8420a. That
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 section 8417(b). Under section 11004
of the Omnibus Budget Reconciliation
Act of 1993, Public Law 103–66,
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.
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. Subpart I of part 847 of
title 5, Code of Federal Regulations,
prescribes the use of present value
factors for employees that elect to credit
nonappropriated fund instrumentality
service to qualify for immediate
retirement under section 1132 of Public
Law 107–107.
OPM published the present value
factors currently in effect on May 21,
2014, at 79 FR 29222 and on April 3,
2015, OPM published a notice to revise
the normal cost percentage under the
Federal Employees’ Retirement System
(FERS) Act of 1986, Public Law 99–335,
based on changed demographic
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, 2015, 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, 2015. See 5 CFR
842.706. For survivor election deposits,
the new factors will apply to survivor
E:\FR\FM\03APN1.SGM
03APN1
]]>Agencies
[Federal Register Volume 80, Number 64 (Friday, April 3, 2015)]
[Notices]
[Pages 18263-18265]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-07677]
=======================================================================
-----------------------------------------------------------------------
OFFICE OF PERSONNEL MANAGEMENT
Civil Service 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 under the
Civil Service Retirement System (CSRS) who elect to provide survivor
annuity benefits to a spouse based on post-retirement marriage; to
retiring employees who elect the alternative form of annuity, owe
certain redeposits based on refunds of contributions for service ending
before March 1, 1991, or elect to credit certain service with
nonappropriated fund instrumentalities; or, for individuals with
certain types of retirement coverage errors who can elect to receive
credit for service by taking an actuarial reduction under the
provisions of the Federal Erroneous Retirement Coverage Correction Act.
This notice is necessary to conform the present value factors to
changes in the economic and demographic 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, 2015.
ADDRESSES: Send requests for actuarial assumptions and data to the
Board of Actuaries, care of Gregory Kissel, Senior Actuary, Office of
Planning and Policy Analysis, Office of Personnel Management, Room
4307, 1900 E Street NW., Washington, DC 20415.
FOR FURTHER INFORMATION CONTACT: Karla Yeakle, (202) 606-0299.
SUPPLEMENTARY INFORMATION: Several provisions of CSRS 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 831.2205(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. 8343a. That 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
section 831.2205(a) of title 5, Code of Federal Regulations.
[[Page 18264]]
Section 831.303(c) of title 5, Code of Federal Regulations,
prescribes the use of these factors for computing the reduction to
complete payment of certain redeposits of refunded deductions based on
periods of service that ended before March 1, 1991, under section
8334(d)(2) of title 5, United States Code; section 1902 of the National
Defense Authorization Act for Fiscal Year 2010, Public Law 111-84.
Section 831.663 of Title 5, Code of Federal Regulations, prescribes
the use of similar factors for computing the reduction required for
certain elections to provide survivor annuity benefits based on a post-
retirement marriage under section 8339(j)(5)(C) or (k)(2) of title 5,
United States Code. Under section 11004 of the Omnibus Budget
Reconciliation Act of 1993, Public Law 103-66, 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.
Subpart F of part 847 of title 5, Code of Federal Regulations,
prescribes the use of similar 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. Subpart I of part 847 of
title 5, Code of Federal Regulations, prescribes the use of present
value factors for employees that elect to credit nonappropriated fund
instrumentality service to qualify for immediate retirement under
section 1132 of Public Law 107-107.
Sections 839.1114-1121 of title 5, Code of Federal Regulations,
prescribes the use of these factors for computing the reduction
required for certain service credit deposits, Government Thrift Savings
Plan contributions, or for previous payment of the FERS Basic Employee
Death Benefit in annuities subject to the Federal Erroneous Retirement
Coverage Corrections Act (FERCCA) under the provisions of Public Law
106-265. Retirees and survivors who owe a larger deposit because of a
retirement coverage error can choose to pay the additional deposit
amount or their annuity will be actuarially reduced to account for the
deposit amount that remains unpaid. Additionally, retirees and
survivors of deceased employees who received Government contributions
to their Thrift Savings Plan account after being corrected to FERS and
who later elect CSRS Offset under FERCCA keep the Government
contributions and associated earnings in their Thrift Savings Plan
account. Instead of adjusting the Thrift Savings Plan account, FERCCA
requires that the CSRS-Offset annuity be actuarially reduced. Also,
survivors that received the FERS Basic Employee Death Benefit and elect
CSRS Offset under FERCCA do not have to pay back the Basic Employee
Death Benefit. Instead, OPM actuarially reduces the survivor annuity
payable. These reductions under FERCCA allow the annuity to be
actuarially reduced in a way that, on average, allows the Fund to
recover the amount of the missing lump sum over the recipient's
lifetime.
The present value factors currently in effect were published by OPM
(79 FR 29225) on May 21, 2014. On April 3, 2015, OPM published a notice
to revise the normal cost percentage under the Federal Employees'
Retirement System (FERS) Act of 1986, Public Law 99-335, based on
changed demographic assumptions adopted by the Board of Actuaries of
the CSRS. Those changes require corresponding changes in CSRS normal
costs and present value factors used to produce actuarially equivalent
benefits when required by the Civil Service Retirement Act. The revised
factors will become effective on October 1, 2015, to correspond with
the changes in CSRS normal cost percentages. For alternative forms of
annuity and redeposits of employee contributions, the new factors will
apply to annuities that commence on or after October 1, 2015. See 5 CFR
831.2205 and 831.303(c). For survivor election deposits, the new
factors will apply to survivor reductions that commence on or after
October 1, 2015. See 5 CFR 831.663(c) and (d). For obtaining credit for
service with certain nonappropriated fund instrumentalities, the new
factors will apply to cases in which the date of computation under
sections 847.603 or 847.809 of title 5, Code of Federal Regulations, is
on or after October 1, 2015. See 5 CFR Sec. 847.602(c), 847.603, and
847.809. For retirement coverage corrections under FERCCA, the new
factors will apply to annuities that commence on or after October 1,
2015, or in the case of previous payment of the Basic Employee Death
Benefit, the new factors will apply to deaths occurring on or after
October 1, 2015. See 5 CFR 839.1114-1121 and 5 CFR 831.303(d).
OPM is, therefore, revising the tables of present value factors to
read as follows:
CSRS Present Value Factors Applicable to Annuity Payable Following an
Election Under Section 8339(j) or (k) or Section 8343a of Title 5,
United States Code, or Under Section 1043 of Public Law 104-106 or Under
Section 1132 of Public Law 107-107 or Under FERCCA or Following a
Redeposit Under Section 8334(d)(2) of Title 5, United States Code
------------------------------------------------------------------------
Present value
Age factor
------------------------------------------------------------------------
40...................................................... 329.9
41...................................................... 325.9
42...................................................... 321.8
43...................................................... 317.5
44...................................................... 313.1
45...................................................... 308.5
46...................................................... 303.8
47...................................................... 299.0
48...................................................... 294.2
49...................................................... 289.4
50...................................................... 284.5
51...................................................... 279.6
52...................................................... 274.5
53...................................................... 269.2
54...................................................... 263.7
55...................................................... 258.0
56...................................................... 252.1
57...................................................... 246.2
58...................................................... 240.1
59...................................................... 233.8
60...................................................... 227.5
61...................................................... 221.1
62...................................................... 214.6
63...................................................... 208.0
64...................................................... 201.3
65...................................................... 194.6
66...................................................... 187.9
67...................................................... 181.1
68...................................................... 174.3
69...................................................... 167.5
70...................................................... 160.6
71...................................................... 153.8
72...................................................... 147.0
73...................................................... 140.2
74...................................................... 133.5
75...................................................... 126.9
76...................................................... 120.5
77...................................................... 114.2
78...................................................... 108.0
79...................................................... 102.0
80...................................................... 96.2
81...................................................... 90.5
82...................................................... 85.1
83...................................................... 79.8
84...................................................... 74.8
85...................................................... 69.9
86...................................................... 65.3
87...................................................... 60.8
88...................................................... 56.6
89...................................................... 52.6
90...................................................... 48.8
91...................................................... 45.4
92...................................................... 42.2
93...................................................... 39.2
94...................................................... 36.5
95...................................................... 34.2
96...................................................... 32.1
97...................................................... 30.2
[[Page 18265]]
98...................................................... 28.4
99...................................................... 26.7
100..................................................... 25.1
101..................................................... 23.9
102..................................................... 22.6
103..................................................... 21.3
104..................................................... 20.3
105..................................................... 19.5
106..................................................... 18.5
107..................................................... 16.5
108..................................................... 12.9
109..................................................... 6.4
------------------------------------------------------------------------
CSRS Present Value Factors Applicable to Annuity Payable Following an
Election Under Section 1043 of Public Law 104-106 or Under Section 1132
of Public Law 107-107 or Under FERCCA
[For ages at calculation below 40]
------------------------------------------------------------------------
Present value
Age at calculation of a monthly
annuity
------------------------------------------------------------------------
17...................................................... 402.6
18...................................................... 400.1
19...................................................... 397.6
20...................................................... 395.0
21...................................................... 392.3
22...................................................... 389.6
23...................................................... 386.8
24...................................................... 384.0
25...................................................... 381.1
26...................................................... 378.2
27...................................................... 375.2
28...................................................... 372.1
29...................................................... 369.0
30...................................................... 365.8
31...................................................... 362.5
32...................................................... 359.2
33...................................................... 355.8
34...................................................... 352.4
35...................................................... 348.8
36...................................................... 345.2
37...................................................... 341.5
38...................................................... 337.7
39...................................................... 333.9
------------------------------------------------------------------------
U.S. Office of Personnel Management.
Katherine Archuleta,
Director.
[FR Doc. 2015-07677 Filed 4-2-15; 8:45 am]
BILLING CODE 6325-38-P
