2016 Railroad Experience Rating Proclamations, Monthly Compensation Base and Other Determinations, 72754-72755 [2015-29656]
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Federal Register / Vol. 80, No. 224 / Friday, November 20, 2015 / Notices
3. Comments by interested persons in
this proceeding are due no later than
November 23, 2015.
4. The Secretary shall arrange for
publication of this order in the Federal
Register.
By the Commission.
Stacy L. Ruble,
Secretary.
[FR Doc. 2015–29621 Filed 11–19–15; 8:45 am]
BILLING CODE 7710–FW–P
POSTAL REGULATORY COMMISSION
Sunshine Act Meetings; Amended
Notice
This is an amendment to the
Sunshine Act meeting notice of the
Postal Regulatory Commission
published in the Federal Register of
May 15, 2015 (80 FR 28015). The
amendment is being made to update the
agenda and contact person for the
December 3, 2015, meeting.
TIMES AND DATES: December 3, 2015, at
11 a.m.
Portions Open to the Public
1. Report from the Office of Public
Affairs and Government Relations.
2. Report from the Office of the
General Counsel.
3. Report from the Office of
Accountability and Compliance.
4. Commissioners Vote to designate
new Vice-Chairman of the Commission
pursuant to 39 U.S.C. 502(e).
CONTACT PERSON FOR MORE INFORMATION:
David A. Trissell, General Counsel,
Postal Regulatory Commission, 901 New
York Avenue NW., Suite 200,
Washington, DC 20268–0001, at 202–
789–6820 (for agenda-related inquiries)
and Stacy L. Ruble, Secretary of the
Commission, at 202–789–6800 or
stacy.ruble@prc.gov (for inquiries
related to meeting location, changes in
date or time of the meeting, access for
handicapped or disabled persons, the
audiocast, or similar matters). The
Commission’s Web site may also
provide information on changes in the
date or time of the meeting.
By direction of the Commission.
Stacy L. Ruble,
Secretary.
[FR Doc. 2015–29777 Filed 11–18–15; 4:15 pm]
tkelley on DSK3SPTVN1PROD with NOTICES
BILLING CODE 7710–FW–P
RAILROAD RETIREMENT BOARD
2016 Railroad Experience Rating
Proclamations, Monthly Compensation
Base and Other Determinations
AGENCY:
Railroad Retirement Board.
VerDate Sep<11>2014
17:39 Nov 19, 2015
Jkt 238001
ACTION:
Notice.
FOR FURTHER INFORMATION CONTACT:
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, 2015, is
$120,082,848.11;
2. The September 30, 2015, balance of
any new loans to the RUI Account,
including accrued interest, is zero;
3. The system compensation base is
$4,226,071,387.68 as of June 30, 2015;
4. The cumulative system unallocated
charge balance is ($393,458,771.03) as of
June 30, 2015;
5. The pooled credit ratio for calendar
year 2016 is zero;
6. The pooled charged ratio for
calendar year 2016 is zero;
7. The surcharge rate for calendar year
2016 is 1.5 percent;
8. The monthly compensation base
under section 1(i) of the Act is $1,455
for months in calendar year 2016;
9. The amount described in sections
1(k) and 3 of the Act as ‘‘2.5 times the
monthly compensation base’’ is
$3,637.50 for base year (calendar year)
2016;
10. The amount described in section
4(a-2)(i)(A) of the Act as ‘‘2.5 times the
monthly compensation base’’ is
$3,637.50 with respect to
disqualifications ending in calendar
year 2016;
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 $1,879 for months in
calendar year 2016;
12. The maximum daily benefit rate
under section 2(a)(3) of the Act is $72
with respect to days of unemployment
and days of sickness in registration
periods beginning after June 30, 2016.
DATES: The balance in notice (1) and the
determinations made in notices (3)
through (7) are based on data as of June
30, 2015. The balance in notice (2) is
based on data as of September 30, 2015.
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 2016.
The determinations made in notices (8)
through (11) are effective January 1,
2016. The determination made in notice
(12) is effective for registration periods
beginning after June 30, 2016.
ADDRESSES: Secretary to the Board,
Railroad Retirement Board, 844 Rush
Street, Chicago, Illinois 60611–2092.
SUMMARY:
PO 00000
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Fmt 4703
Sfmt 4703
Marla L. Huddleston, Bureau of the
Actuary, Railroad Retirement Board, 844
Rush Street, Chicago, Illinois 60611–
2092, telephone (312) 751–4779.
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, 2015, the
computation of the calendar year 2016
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, 2016, 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, 2016.
SUPPLEMENTARY INFORMATION:
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 ratio of the June 30, 2015 system
compensation base of $4,226,071,387.68
to the June 30, 1991 system
compensation base of $2,763,287,237.04
is 1.52936377. Multiplying 1.52936377
by $100 million yields $152,936,377.00.
Multiplying $50 million by 1.52936377
produces $76,468,188.50. The Account
balance on June 30, 2015, was
$120,082,848.11. Accordingly, the
surcharge rate for calendar year 2016 is
1.5 percent.
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Federal Register / Vol. 80, No. 224 / Friday, November 20, 2015 / 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 2016 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 2016 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.
Using the calendar year 2016 tier 1 tax
base of $118,500 for A above produces
the amount of $1,453.97, which must
then be rounded to $1,455. Accordingly,
the monthly compensation base is
determined to be $1,455 for months in
calendar year 2016.
tkelley on DSK3SPTVN1PROD with NOTICES
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
2016 monthly compensation base of
$1,455 produces $3,637.50.
Accordingly, the amount determined
under sections 1(k), 3 and 4(a–2)(i)(A) is
$3,637.50 for calendar year 2016.
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
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17:39 Nov 19, 2015
Jkt 238001
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 2016 monthly
compensation base is $1,455. The ratio
of $1,455 to $600 is 2.42500000.
Multiplying 2.42500000 by $775
produces $1,879. Accordingly, the
amount determined under section 2(c) is
$1,879 for months in calendar year
2016.
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, 2016, 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 2015 monthly
compensation base is $1,455.
Multiplying $1,455 by 0.05 yields
$72.75. Accordingly, the maximum
daily benefit rate for days of
unemployment and days of sickness
beginning in registration periods after
June 30, 2016, is determined to be $72.
Dated: November 17, 2015.
By Authority of the Board.
Martha P. Rico,
Secretary to the Board.
[FR Doc. 2015–29656 Filed 11–19–15; 8:45 am]
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OFFICE OF SCIENCE AND
TECHNOLOGY POLICY
Notice of Public Meeting of the U.S.-EU
Communities of Research on
Environmental, Health, and Safety
Issues Related to Nanomaterials
ACTION:
Notice of public meetings.
The National Nanotechnology
Coordination Office (NNCO), on behalf
SUMMARY:
PO 00000
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72755
of the Nanoscale Science, Engineering,
and Technology Subcommittee of the
Committee on Technology, National
Science and Technology Council and in
collaboration with the European
Commission, will host meetings for the
U.S.-EU Communities of Research
(CORs) on the topic of environmental,
health, and safety issues related to
nanomaterials (nanoEHS) between the
publication date of this Notice and
September 30, 2016. The CORs are a
platform for scientists to develop a
shared repertoire of protocols and
methods to overcome research gaps and
barriers. The co-chairs for each COR
will convene meetings and set meeting
agendas with administrative support
from the European Commission and the
NNCO.
DATES: The CORs will hold multiple
webinars and/or conference calls
between the publication date of this
Notice and September 30, 2016.
ADDRESSES: Teleconferences and web
meetings for the CORs will take place
periodically between the publication
date of this Notice and September 30,
2016. Meeting dates, call-in information,
and other COR updates will be posted
on the Community of Research page at
https://us-eu.org/.
FOR FURTHER INFORMATION CONTACT: For
information regarding this Notice,
please contact Stacey Standridge at
National Nanotechnology Coordination
Office, by telephone (703–292–8103) or
email (sstandridge@nnco.nano.gov).
Additional information about the CORs
and their upcoming meetings is posted
at https://us-eu.org/.
SUPPLEMENTARY INFORMATION: There are
seven Communities of Research
addressing complementary themes:
• Characterization
• Databases and Computational
Modeling for NanoEHS
• Exposure through Product Life
• Ecotoxicity
• Human Toxicity
• Risk Assessment
• Risk Management and Control
The CORs directly address Objectives
4.1.4 (‘‘Participate in international
efforts, particularly those aimed at
generating [nanoEHS] best practices’’)
and 4.2.3 (‘‘Participate in coordinated
international efforts focused on sharing
data, guidance, and best practices for
environmental and human risk
assessment and management’’) of the
2014 National Nanotechnology Initiative
Strategic Plan (see https://
www.nano.gov/2014StrategicPlan).
However, the CORs are not envisioned
to provide any government agency with
advice or recommendations.
E:\FR\FM\20NON1.SGM
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]]>Agencies
[Federal Register Volume 80, Number 224 (Friday, November 20, 2015)]
[Notices]
[Pages 72754-72755]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-29656]
=======================================================================
-----------------------------------------------------------------------
RAILROAD RETIREMENT BOARD
2016 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, 2015, is $120,082,848.11;
2. The September 30, 2015, balance of any new loans to the RUI
Account, including accrued interest, is zero;
3. The system compensation base is $4,226,071,387.68 as of June 30,
2015;
4. The cumulative system unallocated charge balance is
($393,458,771.03) as of June 30, 2015;
5. The pooled credit ratio for calendar year 2016 is zero;
6. The pooled charged ratio for calendar year 2016 is zero;
7. The surcharge rate for calendar year 2016 is 1.5 percent;
8. The monthly compensation base under section 1(i) of the Act is
$1,455 for months in calendar year 2016;
9. The amount described in sections 1(k) and 3 of the Act as ``2.5
times the monthly compensation base'' is $3,637.50 for base year
(calendar year) 2016;
10. The amount described in section 4(a-2)(i)(A) of the Act as
``2.5 times the monthly compensation base'' is $3,637.50 with respect
to disqualifications ending in calendar year 2016;
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
$1,879 for months in calendar year 2016;
12. The maximum daily benefit rate under section 2(a)(3) of the Act
is $72 with respect to days of unemployment and days of sickness in
registration periods beginning after June 30, 2016.
DATES: The balance in notice (1) and the determinations made in notices
(3) through (7) are based on data as of June 30, 2015. The balance in
notice (2) is based on data as of September 30, 2015. 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 2016. The determinations made in notices (8)
through (11) are effective January 1, 2016. The determination made in
notice (12) is effective for registration periods beginning after June
30, 2016.
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, 2015, the computation of the calendar year 2016 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, 2016, 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, 2016.
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 ratio of the June 30, 2015 system compensation base of
$4,226,071,387.68 to the June 30, 1991 system compensation base of
$2,763,287,237.04 is 1.52936377. Multiplying 1.52936377 by $100 million
yields $152,936,377.00. Multiplying $50 million by 1.52936377 produces
$76,468,188.50. The Account balance on June 30, 2015, was
$120,082,848.11. Accordingly, the surcharge rate for calendar year 2016
is 1.5 percent.
[[Page 72755]]
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 2016 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 2016 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.
Using the calendar year 2016 tier 1 tax base of $118,500 for A
above produces the amount of $1,453.97, which must then be rounded to
$1,455. Accordingly, the monthly compensation base is determined to be
$1,455 for months in calendar year 2016.
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 2016 monthly compensation base
of $1,455 produces $3,637.50. Accordingly, the amount determined under
sections 1(k), 3 and 4(a-2)(i)(A) is $3,637.50 for calendar year 2016.
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 2016 monthly compensation base is $1,455. The
ratio of $1,455 to $600 is 2.42500000. Multiplying 2.42500000 by $775
produces $1,879. Accordingly, the amount determined under section 2(c)
is $1,879 for months in calendar year 2016.
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, 2016, 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 2015 monthly compensation base is $1,455.
Multiplying $1,455 by 0.05 yields $72.75. Accordingly, the maximum
daily benefit rate for days of unemployment and days of sickness
beginning in registration periods after June 30, 2016, is determined to
be $72.
Dated: November 17, 2015.
By Authority of the Board.
Martha P. Rico,
Secretary to the Board.
[FR Doc. 2015-29656 Filed 11-19-15; 8:45 am]
BILLING CODE 7905-01-P
