Product Change-Priority Mail Express, Priority Mail, & First-Class Package Service Negotiated Service Agreement, 57789 [2017-26347]
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Federal Register / Vol. 82, No. 234 / Thursday, December 7, 2017 / Notices
POSTAL SERVICE
Product Change—Priority Mail
Express, Priority Mail, & First-Class
Package Service Negotiated Service
Agreement
Postal ServiceTM.
Notice.
AGENCY:
ACTION:
The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add a
domestic shipping services contract to
the list of Negotiated Service
Agreements in the Mail Classification
Schedule’s Competitive Products List.
DATES: Date of notice required under 39
U.S.C. 3642(d)(1): December 7, 2017.
FOR FURTHER INFORMATION CONTACT:
Elizabeth A. Reed, 202–268–3179.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on December 1,
2017, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Express, Priority Mail, &
First-Class Package Service Contract 30
to Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2018–40, CP2018–70.
SUMMARY:
Elizabeth A. Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2017–26347 Filed 12–6–17; 8:45 am]
BILLING CODE 7710–12–P
RAILROAD RETIREMENT BOARD
2018 Railroad Experience Rating
Proclamations, Monthly Compensation
Base and Other Determinations
Railroad Retirement Board.
Notice.
AGENCY:
ACTION:
As required by the Railroad
Unemployment Insurance Act (Act), the
Railroad Retirement Board (RRB) hereby
publishes its notice for calendar year
2018 of account balances, factors used
in calculating experience-based
employer contribution rates,
computation of amounts related to the
monthly compensation base, and the
maximum daily benefit rate for days of
unemployment or sickness.
DATES: The balance in notice (1) and the
determinations made in notices (3)
through (7) are based on data as of June
30, 2017. The balance in notice (2) is
based on data as of September 30, 2017.
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 2018.
The determinations made in notices (8)
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SUMMARY:
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18:50 Dec 06, 2017
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through (11) are effective January 1,
2018. The determination made in notice
(12) is effective for registration periods
beginning after June 30, 2018.
ADDRESSES: Secretary to the Board,
Railroad Retirement Board, 844 Rush
Street, Chicago, Illinois 60611–1275.
FOR FURTHER INFORMATION CONTACT:
Michael J. Rizzo, Bureau of the Actuary
and Research, Railroad Retirement
Board, 844 Rush Street, Chicago, Illinois
60611–1275, telephone (312) 751–4771.
SUPPLEMENTARY INFORMATION: The RRB
is required by section 8(c)(1) of the
Railroad Unemployment Insurance Act
(Act) (45 U.S.C. 358(c)(1)) as amended
by Public Law 100–647, to proclaim by
October 15 of each year certain systemwide factors used in calculating
experience-based employer contribution
rates for the following year. The RRB is
further required by section 8(c)(2) of the
Act (45 U.S.C. 358(c)(2)) to publish the
amounts so determined and proclaimed.
The RRB is required by section 12(r)(3)
of the Act (45 U.S.C. 362(r)(3)) to
publish by December 11, 2017, the
computation of the calendar year 2018
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, 2018, 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, 2018. 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, 2017, is
$97,732,177.41;
2. The September 30, 2017, balance of
any new loans to the RUI Account,
including accrued interest, is zero;
3. The system compensation base is
$4,042,278,849.27 as of June 30, 2017;
4. The cumulative system unallocated
charge balance is ($421,642,171.99) as of
June 30, 2017;
5. The pooled credit ratio for calendar
year 2018 is zero;
6. The pooled charged ratio for
calendar year 2018 is zero;
7. The surcharge rate for calendar year
2018 is 1.5 percent;
8. The monthly compensation base
under section 1(i) of the Act is $1,560
for months in calendar year 2018;
9. The amount described in sections
1(k) and 3 of the Act as ‘‘2.5 times the
monthly compensation base’’ is
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57789
$3,900.00 for base year (calendar year)
2018;
10. The amount described in section
4(a–2)(i)(A) of the Act as ‘‘2.5 times the
monthly compensation base’’ is
$3,900.00 with respect to
disqualifications ending in calendar
year 2018;
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 $2,015 for months in
calendar year 2018;
12. The maximum daily benefit rate
under section 2(a)(3) of the Act is $77
with respect to days of unemployment
and days of sickness in registration
periods beginning after June 30, 2018.
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, 2017 system
compensation base of $4,042,278,849.27
to the June 30, 1991 system
compensation base of $2,763,287,237.04
is 1.46285149. Multiplying 1.46285149
by $100 million yields $146,285,149.00.
Multiplying $50 million by 1.46285149
produces $73,142,574.50. The Account
balance on June 30, 2017, was
$97,732,177.41. Accordingly, the
surcharge rate for calendar year 2018 is
1.5 percent.
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 2018 shall be equal to the
greater of (a) $600 or (b) $600 [1 +
{(A¥37,800)/56,700}], where A equals
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]]>Agencies
[Federal Register Volume 82, Number 234 (Thursday, December 7, 2017)]
[Notices]
[Page 57789]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-26347]
[[Page 57789]]
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POSTAL SERVICE
Product Change--Priority Mail Express, Priority Mail, & First-
Class Package Service Negotiated Service Agreement
AGENCY: Postal ServiceTM.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Postal Service gives notice of filing a request with the
Postal Regulatory Commission to add a domestic shipping services
contract to the list of Negotiated Service Agreements in the Mail
Classification Schedule's Competitive Products List.
DATES: Date of notice required under 39 U.S.C. 3642(d)(1): December 7,
2017.
FOR FURTHER INFORMATION CONTACT: Elizabeth A. Reed, 202-268-3179.
SUPPLEMENTARY INFORMATION: The United States Postal Service[supreg]
hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on
December 1, 2017, it filed with the Postal Regulatory Commission a USPS
Request to Add Priority Mail Express, Priority Mail, & First-Class
Package Service Contract 30 to Competitive Product List. Documents are
available at www.prc.gov, Docket Nos. MC2018-40, CP2018-70.
Elizabeth A. Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2017-26347 Filed 12-6-17; 8:45 am]
BILLING CODE 7710-12-P
