Submission for Review: Election Regarding Payment of Health and/or Life Insurance Premiums (Negative Net Annuity), RI 79-31, 3206-XXXX, 19705 [2015-08460]

Download as PDF Federal Register / Vol. 80, No. 70 / Monday, April 13, 2015 / Notices OFFICE OF PERSONNEL MANAGEMENT Submission for Review: Election Regarding Payment of Health and/or Life Insurance Premiums (Negative Net Annuity), RI 79–31, 3206–XXXX U.S. Office of Personnel Management. ACTION: 60-day notice and request for comments. AGENCY: The Retirement Services, Office of Personnel Management (OPM) offers the general public and other Federal agencies the opportunity to comment on a new information collection, Election Regarding Payment of Health and/or Life Insurance Premiums (Negative Net Annuity), RI 79–31. As required by the Paperwork Reduction Act of 1995, (Pub. L. 104–13, 44 U.S.C. chapter 35) as amended by the Clinger-Cohen Act (Pub. L. 104–106), OPM is soliciting comments for this collection. SUMMARY: Comments are encouraged and will be accepted until June 12, 2015. This process is conducted in accordance with 5 CFR 1320.1. ADDRESSES: Interested persons are invited to submit written comments on the proposed information collection to the U.S. Office of Personnel Management, Retirement Services, 1900 E. Street NW., Room 2349, Washington, DC 20415–3500, Attention: Alberta Butler, or sent by email to Alberta.Butler@opm.gov. FOR FURTHER INFORMATION CONTACT: A copy of this ICR, with applicable supporting documentation, may be obtained by contacting the Retirement Services Publications Team, Office of Personnel Management, 1900 E. Street NW., Room 3316–AC, Washington, DC 20503, Attention: Cyrus S. Benson or sent by email to Cyrus.Benson@ opm.gov. DATES: mstockstill on DSK4VPTVN1PROD with NOTICES SUPPLEMENTARY INFORMATION: The Office of Management and Budget is particularly interested in comments that: 1. Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; 2. Evaluate the accuracy of the agency’s estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; 3. Enhance the quality, utility, and clarity of the information to be collected; and VerDate Sep<11>2014 18:02 Apr 10, 2015 Jkt 235001 4. Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submissions of responses. Title 5, U.S. Code, chapter 84, section 8905a, and chapter 87, section 8707 provides that the proper amount of health benefit and life insurance premiums are withheld from the annuity of retirees, survivors, and former spouses. There are instances when annuity is insufficient to withhold the cost of premiums. Title 5, Code of Federal Regulations, part 890.304(b) provide instructions for annuitants and survivors to elect a health plan with a withholding that is not in excess of the annuity. It informs individuals or their rights in the event an election is not made within a time limit. Title 5, Code of Federal Regulations part 890.806(m) addresses actions required by former spouses. Individuals have an option to elect a less expensive plan or to make direct payments. Form RI 79–31 is needed to provide the individual with an opportunity to choose a less costly plan for which deductions can be withheld from the payment from the Civil Service Retirement and Disability Fund, or to be advised of their option to make direct out-of pocket payment to the retirement fund. The appropriate regulations for making life insurance elections that do not exceed annuity or to make direct payment to the retirement fund are found in title 5, Code of Federal Regulations, part 870–401—870–405. This form is a combination of two forms. Rather than collect information separately, the RI 79–31 is combined to collect election decisions on health and life insurance coverage. Analysis Agency: Retirement Operations, Retirement Services, Office of Personnel Management. Title: Election Regarding Payment of Health and/or Life Insurance Premiums (Negative Net Annuity). OMB Number: 3206–XXXX. Frequency: On occasion. Affected Public: Individuals or households. Number of Respondents: 1,000. Estimated Time per Respondent: 20 minutes. Total Burden Hours: 333 hours. PO 00000 Frm 00076 Fmt 4703 Sfmt 4703 19705 U.S. Office of Personnel Management. Katherine Archuleta, Director. [FR Doc. 2015–08460 Filed 4–10–15; 8:45 am] BILLING CODE 6325–38–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–74668; File No. SR–CBOE– 2015–032] Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fees Schedule April 7, 2015. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on March 27, 2015, Chicago Board Options Exchange, Incorporated (the ‘‘Exchange’’ or ‘‘CBOE’’) filed with the Securities and Exchange Commission (the ‘‘Commission’’) the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend its Fees Schedule. The text of the proposed rule change is available on the Exchange’s Web site (https:// www.cboe.com/AboutCBOE/ CBOELegalRegulatoryHome.aspx), at the Exchange’s Office of the Secretary, and at the Commission’s Public Reference Room. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. 1 15 2 17 E:\FR\FM\13APN1.SGM U.S.C. 78s(b)(1). CFR 240.19b–4. 13APN1

Agencies

[Federal Register Volume 80, Number 70 (Monday, April 13, 2015)]
[Notices]
[Page 19705]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-08460]



[[Page 19705]]

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OFFICE OF PERSONNEL MANAGEMENT


Submission for Review: Election Regarding Payment of Health and/
or Life Insurance Premiums (Negative Net Annuity), RI 79-31, 3206-XXXX

AGENCY: U.S. Office of Personnel Management.

ACTION: 60-day notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: The Retirement Services, Office of Personnel Management (OPM) 
offers the general public and other Federal agencies the opportunity to 
comment on a new information collection, Election Regarding Payment of 
Health and/or Life Insurance Premiums (Negative Net Annuity), RI 79-31. 
As required by the Paperwork Reduction Act of 1995, (Pub. L. 104-13, 44 
U.S.C. chapter 35) as amended by the Clinger-Cohen Act (Pub. L. 104-
106), OPM is soliciting comments for this collection.

DATES: Comments are encouraged and will be accepted until June 12, 
2015. This process is conducted in accordance with 5 CFR 1320.1.

ADDRESSES: Interested persons are invited to submit written comments on 
the proposed information collection to the U.S. Office of Personnel 
Management, Retirement Services, 1900 E. Street NW., Room 2349, 
Washington, DC 20415-3500, Attention: Alberta Butler, or sent by email 
to Alberta.Butler@opm.gov.

FOR FURTHER INFORMATION CONTACT: A copy of this ICR, with applicable 
supporting documentation, may be obtained by contacting the Retirement 
Services Publications Team, Office of Personnel Management, 1900 E. 
Street NW., Room 3316-AC, Washington, DC 20503, Attention: Cyrus S. 
Benson or sent by email to Cyrus.Benson@opm.gov.

SUPPLEMENTARY INFORMATION: The Office of Management and Budget is 
particularly interested in comments that:
    1. Evaluate whether the proposed collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility;
    2. Evaluate the accuracy of the agency's estimate of the burden of 
the proposed collection of information, including the validity of the 
methodology and assumptions used;
    3. Enhance the quality, utility, and clarity of the information to 
be collected; and
    4. Minimize the burden of the collection of information on those 
who are to respond, including through the use of appropriate automated, 
electronic, mechanical, or other technological collection techniques or 
other forms of information technology, e.g., permitting electronic 
submissions of responses.
    Title 5, U.S. Code, chapter 84, section 8905a, and chapter 87, 
section 8707 provides that the proper amount of health benefit and life 
insurance premiums are withheld from the annuity of retirees, 
survivors, and former spouses. There are instances when annuity is 
insufficient to withhold the cost of premiums. Title 5, Code of Federal 
Regulations, part 890.304(b) provide instructions for annuitants and 
survivors to elect a health plan with a withholding that is not in 
excess of the annuity. It informs individuals or their rights in the 
event an election is not made within a time limit. Title 5, Code of 
Federal Regulations part 890.806(m) addresses actions required by 
former spouses. Individuals have an option to elect a less expensive 
plan or to make direct payments. Form RI 79-31 is needed to provide the 
individual with an opportunity to choose a less costly plan for which 
deductions can be withheld from the payment from the Civil Service 
Retirement and Disability Fund, or to be advised of their option to 
make direct out-of pocket payment to the retirement fund.
    The appropriate regulations for making life insurance elections 
that do not exceed annuity or to make direct payment to the retirement 
fund are found in title 5, Code of Federal Regulations, part 870-401--
870-405.
    This form is a combination of two forms. Rather than collect 
information separately, the RI 79-31 is combined to collect election 
decisions on health and life insurance coverage.

Analysis

    Agency: Retirement Operations, Retirement Services, Office of 
Personnel Management.
    Title: Election Regarding Payment of Health and/or Life Insurance 
Premiums (Negative Net Annuity).
    OMB Number: 3206-XXXX.
    Frequency: On occasion.
    Affected Public: Individuals or households.
    Number of Respondents: 1,000.
    Estimated Time per Respondent: 20 minutes.
    Total Burden Hours: 333 hours.

U.S. Office of Personnel Management.
Katherine Archuleta,
Director.
[FR Doc. 2015-08460 Filed 4-10-15; 8:45 am]
 BILLING CODE 6325-38-P
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