Federal Employees' Retirement System; Present Value Factors, 22527-22529 [2019-10293]
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Federal Register / Vol. 84, No. 96 / Friday, May 17, 2019 / 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
jbell on DSK3GLQ082PROD with NOTICES
Age
49 ..........................................
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VerDate Sep<11>2014
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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
22527
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
Present
spouse based on post-retirement
Present
Age
value factor
value factor
marriage, and to retiring employees who
elect the alternative form of annuity or
305.9 107 ........................................
14.2 elect to credit certain service with
300.7 108 ........................................
9.5 nonappropriated fund instrumentalities.
295.3 109 ........................................
6.4 This notice is necessary to conform the
289.8
present value factors to changes in the
284.1
278.2
CSRS PRESENT VALUE FACTORS AP- economic and demographic
272.2
assumptions adopted by the Board of
PLICABLE TO ANNUITY PAYABLE FOL266.0
Actuaries of the Civil Service
LOWING AN ELECTION UNDER SEC259.7
Retirement System.
253.3
TION 1043 OF PUBLIC LAW 104–106
DATES
: The revised present value factors
246.8
OR UNDER SECTION 1132 OF PUB- apply to survivor reductions or
240.2
LIC LAW 107–107 OR UNDER employee annuities that commence on
233.5
FERCCA
226.7
or after October 1, 2019.
219.8
[For ages at calculation below 40]
ADDRESSES: Send requests for actuarial
212.9
assumptions and data to the Board of
206.0
Present
Actuaries, care of Gregory Kissel, Senior
199.0
value of a
Actuary, Office of Healthcare and
Age at calculation
192.0
monthly
Insurance, Office of Personnel
184.9
annuity
Management, Room 4316, 1900 E Street
177.8
170.7 17 ..........................................
443.1 NW, Washington, DC 20415.
163.6 18 ..........................................
439.8 FOR FURTHER INFORMATION CONTACT:
156.5 19 ..........................................
436.4 Karla Yeakle, (202) 606–0299.
149.5
20 ..........................................
432.9 SUPPLEMENTARY INFORMATION: Several
142.5
429.4 provisions of the Federal Employees’
135.6 21 ..........................................
425.9 Retirement System (FERS) require
128.8 22 ..........................................
422.3 reduction of annuities on an actuarial
122.1 23 ..........................................
418.6 basis. Under each of these provisions,
115.5 24 ..........................................
414.9 OPM is required to issue regulations on
109.0 25 ..........................................
102.7 26 ..........................................
411.2 the method of determining the
96.6 27 ..........................................
407.4 reduction to ensure that the present
90.6 28 ..........................................
403.5 value of the reduced annuity plus a
84.9 29 ..........................................
399.6 lump-sum equals, to the extent
79.4
30 ..........................................
395.6 practicable, the present value of the
74.1
31
..........................................
391.5 unreduced benefit. The regulations for
69.0
387.4 each of these benefits provide that OPM
64.1 32 ..........................................
383.2 will publish a notice in the Federal
59.6 33 ..........................................
378.9 Register whenever it changes the factors
55.3 34 ..........................................
51.3 35 ..........................................
374.6 used to compute the present values of
47.7 36 ..........................................
370.2 these benefits.
44.2 37 ..........................................
365.7
Section 842.706(a) of title 5, Code of
41.1 38 ..........................................
361.2 Federal Regulations, prescribes the
38.2 39 ..........................................
356.5 method for computing the reduction in
35.6
the beginning rate of annuity payable to
33.2
31.1 Alexys Stanley,
a retiree who elects an alternative form
29.2 Regulatory Affairs Analyst, Office of
of annuity under 5 U.S.C. 8420a. That
27.4 Personnel Management.
reduction is required to produce an
25.9
annuity that is the actuarial equivalent
[FR
Doc.
2019–10294
Filed
5–16–19;
8:45
am]
24.4
of the annuity of a retiree who does not
23.1 BILLING CODE 6325–38–P
elect an alternative form of annuity. The
21.8
present value factors listed below are
20.5
used to compute the annuity reduction
18.9
17.0
under 5 CFR 842.706(a).
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SUMMARY:
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22528
Federal Register / Vol. 84, No. 96 / Friday, May 17, 2019 / Notices
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 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 April 3,
2015, at 80 FR 18265. On May 17, 2019,
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 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, 2019, 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, 2019. See 5 CFR
842.706. For survivor election deposits,
the new factors will apply to survivor
reductions that commence on or after
October 1, 2019. See 5 CFR 842.615(b).
For obtaining credit for service with
certain nonappropriated fund
instrumentalities, the new factors will
apply to cases in which the date of
computation under 5 CFR 847.603or
847.809 is on or after October 1, 2019.
VerDate Sep<11>2014
17:05 May 16, 2019
Jkt 247001
See 5 CFR 842.602, 842.616, 847.603,
and 847.809.
OPM is, therefore, revising the tables
of present value factors to read as
follows:
TABLE I—FERS PRESENT VALUE
FACTORS FOR AGES 62 AND OLDER
[Applicable to annuity payable following an
election under 5 U.S.C. 8416(b), 8416(c),
8417(b), 8420a, under section 1043 of Public Law 104–106, or under section 1132 of
Public Law 107–107.]
Present value
factor
Age
62 ..........................................
63 ..........................................
64 ..........................................
65 ..........................................
66 ..........................................
67 ..........................................
68 ..........................................
69 ..........................................
70 ..........................................
71 ..........................................
72 ..........................................
73 ..........................................
74 ..........................................
75 ..........................................
76 ..........................................
77 ..........................................
78 ..........................................
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82 ..........................................
83 ..........................................
84 ..........................................
85 ..........................................
86 ..........................................
87 ..........................................
88 ..........................................
89 ..........................................
90 ..........................................
91 ..........................................
92 ..........................................
93 ..........................................
94 ..........................................
95 ..........................................
96 ..........................................
97 ..........................................
98 ..........................................
99 ..........................................
100 ........................................
101 ........................................
102 ........................................
103 ........................................
104 ........................................
105 ........................................
106 ........................................
107 ........................................
108 ........................................
109 ........................................
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213.9
207.8
201.6
195.4
189.1
182.7
176.3
169.8
163.3
156.8
150.3
143.8
137.3
130.9
124.5
118.2
112.0
105.9
99.9
94.1
88.4
83.0
77.7
72.6
67.7
63.0
58.6
54.5
50.6
47.0
43.7
40.6
37.8
35.2
32.9
30.8
28.9
27.2
25.7
24.3
23.0
21.7
20.4
18.9
17.0
14.2
9.4
6.4
TABLE II.A—FERS PRESENT VALUE
FACTORS FOR AGES 40 THROUGH 61
[Applicable to annuity payable when annuity is
not increased by cost-of-living adjustments
before age 62 following an election under 5
U.S.C. 8416(b), 8416(c), 8417(b), § 8420a,
under section 1043 of Public Law 104–106,
or under section 1132 of Public Law 107–
107.]
Age
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
Present value
factor
244.2
243.3
242.3
241.2
240.0
238.9
237.7
236.5
235.4
234.3
233.2
232.0
230.8
229.5
228.0
226.4
224.8
223.1
221.4
219.6
217.7
215.8
TABLE II.B—FERS PRESENT VALUE
FACTORS FOR AGES 40 THROUGH 61
[Applicable to annuity payable when annuity is
increased by cost-of-living adjustments before age 62 following an election under 5
U.S.C. 8416(b), 8416(c), 8417(b), or 8420a,
under section 1043 of Public Law 104–106,
or under section 1132 of Public Law 107–
107]
Age
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
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..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
E:\FR\FM\17MYN1.SGM
17MYN1
Present value
factor
319.8
316.0
312.1
308.0
303.8
299.6
295.3
290.9
286.6
282.2
277.9
273.3
268.7
263.8
258.8
253.6
248.3
242.9
237.3
231.6
225.8
219.9
Federal Register / Vol. 84, No. 96 / Friday, May 17, 2019 / Notices
FOR FURTHER INFORMATION CONTACT:
TABLE III—FERS PRESENT VALUE
FACTORS FOR AGES AT CALCULA- David A. Trissell, General Counsel, at
202–789–6820.
TION BELOW 40
[Applicable to annuity payable following an
election under section 1043 of Public Law
104–106 or under section 1132 of Public
Law 107–107.]
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
Present value
of a monthly
annuity
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
389.9
387.4
384.9
382.4
379.8
377.2
374.5
371.8
369.0
366.1
363.3
360.3
357.3
354.2
351.1
347.9
344.7
341.3
337.9
334.5
330.9
327.3
323.6
Alexys Stanley,
Regulatory Affairs Analyst, Office of
Personnel Management.
[FR Doc. 2019–10293 Filed 5–16–19; 8:45 am]
BILLING CODE 6325–38–P
POSTAL REGULATORY COMMISSION
[Docket Nos. MC2019–136 and CP2019–149;
MC2019–137 and CP2019–150]
New Postal Products
Postal Regulatory Commission.
Notice.
AGENCY:
ACTION:
The Commission is noticing a
recent Postal Service filing for the
Commission’s consideration concerning
negotiated service agreements. This
notice informs the public of the filing,
invites public comment, and takes other
administrative steps.
DATES: Comments are due: May 20,
2019.
SUMMARY:
Submit comments
electronically via the Commission’s
Filing Online system at https://
www.prc.gov. Those who cannot submit
comments electronically should contact
the person identified in the FOR FURTHER
INFORMATION CONTACT section by
telephone for advice on filing
alternatives.
jbell on DSK3GLQ082PROD with NOTICES
ADDRESSES:
VerDate Sep<11>2014
17:05 May 16, 2019
Jkt 247001
SUPPLEMENTARY INFORMATION:
Table of Contents
I. Introduction
II. Docketed Proceeding(s)
I. Introduction
The Commission gives notice that the
Postal Service filed request(s) for the
Commission to consider matters related
to negotiated service agreement(s). The
request(s) may propose the addition or
removal of a negotiated service
agreement from the market dominant or
the competitive product list, or the
modification of an existing product
currently appearing on the market
dominant or the competitive product
list.
Section II identifies the docket
number(s) associated with each Postal
Service request, the title of each Postal
Service request, the request’s acceptance
date, and the authority cited by the
Postal Service for each request. For each
request, the Commission appoints an
officer of the Commission to represent
the interests of the general public in the
proceeding, pursuant to 39 U.S.C. 505
(Public Representative). Section II also
establishes comment deadline(s)
pertaining to each request.
The public portions of the Postal
Service’s request(s) can be accessed via
the Commission’s website (https://
www.prc.gov). Non-public portions of
the Postal Service’s request(s), if any,
can be accessed through compliance
with the requirements of 39 CFR
3007.301.1
The Commission invites comments on
whether the Postal Service’s request(s)
in the captioned docket(s) are consistent
with the policies of title 39. For
request(s) that the Postal Service states
concern market dominant product(s),
applicable statutory and regulatory
requirements include 39 U.S.C. 3622, 39
U.S.C. 3642, 39 CFR part 3010, and 39
CFR part 3020, subpart B. For request(s)
that the Postal Service states concern
competitive product(s), applicable
statutory and regulatory requirements
include 39 U.S.C. 3632, 39 U.S.C. 3633,
39 U.S.C. 3642, 39 CFR part 3015, and
39 CFR part 3020, subpart B. Comment
deadline(s) for each request appear in
section II.
II. Docketed Proceeding(s)
1. Docket No(s).: MC2019–136 and
CP2019–149; Filing Title: USPS Request
1 See Docket No. RM2018–3, Order Adopting
Final Rules Relating to Non-Public Information,
June 27, 2018, Attachment A at 19–22 (Order No.
4679).
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22529
to Add Priority Mail Express Contract
75 to Competitive Product List and
Notice of Filing Materials Under Seal;
Filing Acceptance Date: May 10, 2019;
Filing Authority: 39 U.S.C. 3642, 39 CFR
3020.30 et seq., and 39 CFR 3015.5;
Public Representative: Christopher C.
Mohr; Comments Due: May 20, 2019.
2. Docket No(s).: MC2019–137 and
CP2019–150; Filing Title: USPS Request
to Add Priority Mail Express, Priority
Mail & First-Class Package Service
Contract 61 to Competitive Product List
and Notice of Filing Materials Under
Seal; Filing Acceptance Date: May 10,
2019; Filing Authority: 39 U.S.C. 3642,
39 CFR 3020.30 et seq., and 39 CFR
3015.5; Public Representative:
Christopher C. Mohr; Comments Due:
May 20, 2019.
This Notice will be published in the
Federal Register.
Stacy L. Ruble,
Secretary.
[FR Doc. 2019–10197 Filed 5–16–19; 8:45 am]
BILLING CODE 7710–FW–P
PRESIDIO TRUST
Notice of Public Meeting
The Presidio Trust.
Notice of public meeting.
AGENCY:
ACTION:
In accordance with the
Presidio Trust Act, and in accordance
with the Presidio Trust’s bylaws, notice
is hereby given that a public meeting of
the Presidio Trust Board of Directors
will be held commencing 6:30 p.m. on
June 19, 2019 at the Officers’ Club, 50
Moraga Avenue, Presidio of San
Francisco, California.
The purposes of this meeting are to:
Provide the Chairperson’s report;
provide the Chief Executive Officer’s
report; to decide whether to move
forward with the proposal to develop
Fort Winfield Scott; and to receive
public comment on these and other
matters pertaining to Trust business.
Individuals requiring special
accommodation at this meeting, such as
needing a sign language interpreter,
should contact Laurie Fox at
415.561.5300 prior to June 12, 2019.
DATES: The meeting will begin at 6:30
p.m. on June 19, 2019.
ADDRESSES: The meeting will be held at
the Officers’ Club, 50 Moraga Avenue,
Presidio of San Francisco.
FOR FURTHER INFORMATION CONTACT:
George K.H. Schell, General Counsel,
the Presidio Trust, 103 Montgomery
Street, P.O. Box 29052, San Francisco,
California 94129–0052, Telephone:
415.561.5300.
SUMMARY:
E:\FR\FM\17MYN1.SGM
17MYN1
]]>Agencies
[Federal Register Volume 84, Number 96 (Friday, May 17, 2019)]
[Notices]
[Pages 22527-22529]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-10293]
-----------------------------------------------------------------------
OFFICE OF PERSONNEL MANAGEMENT
Federal Employees' 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 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, 2019.
ADDRESSES: Send requests for actuarial assumptions and data to the
Board of Actuaries, care of Gregory Kissel, Senior Actuary, Office of
Healthcare and Insurance, Office of Personnel Management, Room 4316,
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 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).
[[Page 22528]]
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
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
April 3, 2015, at 80 FR 18265. On May 17, 2019, 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 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, 2019, 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, 2019. See 5 CFR 842.706. For
survivor election deposits, the new factors will apply to survivor
reductions that commence on or after October 1, 2019. See 5 CFR
842.615(b). For obtaining credit for service with certain
nonappropriated fund instrumentalities, the new factors will apply to
cases in which the date of computation under 5 CFR 847.603or 847.809 is
on or after October 1, 2019. See 5 CFR 842.602, 842.616, 847.603, and
847.809.
OPM is, therefore, revising the tables of present value factors to
read as follows:
Table I--FERS Present Value Factors for Ages 62 and Older
[Applicable to annuity payable following an election under 5 U.S.C.
8416(b), 8416(c), 8417(b), 8420a, under section 1043 of Public Law 104-
106, or under section 1132 of Public Law 107-107.]
------------------------------------------------------------------------
Present value
Age factor
------------------------------------------------------------------------
62...................................................... 213.9
63...................................................... 207.8
64...................................................... 201.6
65...................................................... 195.4
66...................................................... 189.1
67...................................................... 182.7
68...................................................... 176.3
69...................................................... 169.8
70...................................................... 163.3
71...................................................... 156.8
72...................................................... 150.3
73...................................................... 143.8
74...................................................... 137.3
75...................................................... 130.9
76...................................................... 124.5
77...................................................... 118.2
78...................................................... 112.0
79...................................................... 105.9
80...................................................... 99.9
81...................................................... 94.1
82...................................................... 88.4
83...................................................... 83.0
84...................................................... 77.7
85...................................................... 72.6
86...................................................... 67.7
87...................................................... 63.0
88...................................................... 58.6
89...................................................... 54.5
90...................................................... 50.6
91...................................................... 47.0
92...................................................... 43.7
93...................................................... 40.6
94...................................................... 37.8
95...................................................... 35.2
96...................................................... 32.9
97...................................................... 30.8
98...................................................... 28.9
99...................................................... 27.2
100..................................................... 25.7
101..................................................... 24.3
102..................................................... 23.0
103..................................................... 21.7
104..................................................... 20.4
105..................................................... 18.9
106..................................................... 17.0
107..................................................... 14.2
108..................................................... 9.4
109..................................................... 6.4
------------------------------------------------------------------------
Table II.A--FERS Present Value Factors for Ages 40 Through 61
[Applicable to annuity payable when annuity is not increased by cost-of-
living adjustments before age 62 following an election under 5 U.S.C.
8416(b), 8416(c), 8417(b), Sec. 8420a, under section 1043 of Public
Law 104-106, or under section 1132 of Public Law 107-107.]
------------------------------------------------------------------------
Present value
Age factor
------------------------------------------------------------------------
40...................................................... 244.2
41...................................................... 243.3
42...................................................... 242.3
43...................................................... 241.2
44...................................................... 240.0
45...................................................... 238.9
46...................................................... 237.7
47...................................................... 236.5
48...................................................... 235.4
49...................................................... 234.3
50...................................................... 233.2
51...................................................... 232.0
52...................................................... 230.8
53...................................................... 229.5
54...................................................... 228.0
55...................................................... 226.4
56...................................................... 224.8
57...................................................... 223.1
58...................................................... 221.4
59...................................................... 219.6
60...................................................... 217.7
61...................................................... 215.8
------------------------------------------------------------------------
Table II.B--FERS Present Value Factors for Ages 40 Through 61
[Applicable to annuity payable when annuity is increased by cost-of-
living adjustments before age 62 following an election under 5 U.S.C.
8416(b), 8416(c), 8417(b), or 8420a, under section 1043 of Public Law
104-106, or under section 1132 of Public Law 107-107]
------------------------------------------------------------------------
Present value
Age factor
------------------------------------------------------------------------
40...................................................... 319.8
41...................................................... 316.0
42...................................................... 312.1
43...................................................... 308.0
44...................................................... 303.8
45...................................................... 299.6
46...................................................... 295.3
47...................................................... 290.9
48...................................................... 286.6
49...................................................... 282.2
50...................................................... 277.9
51...................................................... 273.3
52...................................................... 268.7
53...................................................... 263.8
54...................................................... 258.8
55...................................................... 253.6
56...................................................... 248.3
57...................................................... 242.9
58...................................................... 237.3
59...................................................... 231.6
60...................................................... 225.8
61...................................................... 219.9
------------------------------------------------------------------------
[[Page 22529]]
Table III--FERS Present Value Factors for Ages at Calculation Below 40
[Applicable to annuity payable following an election under section 1043
of Public Law 104-106 or under section 1132 of Public Law 107-107.]
------------------------------------------------------------------------
Present value
Age at calculation of a monthly
annuity
------------------------------------------------------------------------
17...................................................... 389.9
18...................................................... 387.4
19...................................................... 384.9
20...................................................... 382.4
21...................................................... 379.8
22...................................................... 377.2
23...................................................... 374.5
24...................................................... 371.8
25...................................................... 369.0
26...................................................... 366.1
27...................................................... 363.3
28...................................................... 360.3
29...................................................... 357.3
30...................................................... 354.2
31...................................................... 351.1
32...................................................... 347.9
33...................................................... 344.7
34...................................................... 341.3
35...................................................... 337.9
36...................................................... 334.5
37...................................................... 330.9
38...................................................... 327.3
39...................................................... 323.6
------------------------------------------------------------------------
Alexys Stanley,
Regulatory Affairs Analyst, Office of Personnel Management.
[FR Doc. 2019-10293 Filed 5-16-19; 8:45 am]
BILLING CODE 6325-38-P
