Federal Employees' Retirement System; Present Value Factors, 19175-19178 [2020-07104]
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19175
Federal Register / Vol. 85, No. 66 / Monday, April 6, 2020 / Notices
available. Based on the demographic
and economic assumptions described
above, OPM has determined the normal
cost percentage for each category of
employees under section 841.403 of title
5, Code of Federal Regulations.
Section 5001 of Public Law 112–96,
The Middle Class Tax Relief and Jobs
Creation Act of 2012, established
provisions for FERS Revised Annuity
Employees (FERS–RAE). The law
permanently increases the retirement
contributions by 2.30 percent of pay for
these employees. Subsequently, Section
401 of Public Law 113–67, the
Bipartisan Budget Act of 2013, created
another class of FERS coverage, FERSFurther Revised Annuity Employee
(FERS–FRAE). Employees subject to
FERS–FRAE must pay an increase of
1.30 percent of pay above the retirement
contribution percentage set for FERS–
RAE. Separate normal cost percentages
apply for employees covered under
FERS–RAE and for employees covered
under FERS–FRAE.
Section 211 of Title II, Division E of
Public Law 116–94, the Further
Consolidated Appropriations Act of
2020, provides for separate normal cost
percentages for certain members of the
Capitol Police as distinct from other
Congressional Employees. Prior rules
provided for a combined normal cost
percentage for members of the Capitol
Police and other Congressional
Employees.
The normal cost percentages for each
category of employee, including the
employee contributions, are as follows:
NORMAL COST PERCENTAGES FOR FERS, FERS-REVISED ANNUITY EMPLOYEE (RAE), AND FERS-FURTHER REVISED
ANNUITY (FRAE) GROUPS
FERS Normal
cost
(percent)
Group
Members ......................................................................................................................................
Capitol Police covered under 5 U.S.C. 8412(d) and 5 U.S.C. 8425(c) ......................................
Other Congressional employees .................................................................................................
Law enforcement officers, members of the Supreme Court Police, firefighters, nuclear materials couriers, customs and border protection officers, and employees under section 302 of
the Central Intelligence Agency Retirement Act of 1964 for certain employees ....................
Air traffic controllers .....................................................................................................................
Military reserve technicians .........................................................................................................
Employees under section 303 of the Central Intelligence Agency Retirement Act of 1964 for
certain employees (when serving abroad) ...............................................................................
Other employees of the United States Postal Service ................................................................
All other regular FERS employees ..............................................................................................
Under section 841.408 of title 5, Code
of Federal Regulations, these normal
cost percentages are effective at the
beginning of the first pay period
commencing on or after October 1, 2020.
The time limit and address for filing
agency appeals under sections 841.409
through 841.412 of title 5, Code of
Federal Regulations, are stated in the
DATES and ADDRESSES sections of this
notice.
Office of Personnel Management.
Alexys Stanley,
Regulatory Affairs Analyst.
[FR Doc. 2020–07105 Filed 4–3–20; 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.
jbell on DSKJLSW7X2PROD with NOTICES
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
SUMMARY:
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Jkt 250001
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, 2020.
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
PO 00000
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Sfmt 4703
FERS-RAE
normal cost
(percent)
FERS-FRAE
normal cost
(percent)
24.4
37.1
25.6
18.6
37.6
18.6
18.8
37.8
18.8
37.1
37.0
20.9
37.6
37.5
21.3
37.8
37.7
21.6
25.6
16.5
18.1
26.2
16.9
18.6
26.4
17.1
18.8
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).
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
E:\FR\FM\06APN1.SGM
06APN1
19176
Federal Register / Vol. 85, No. 66 / Monday, April 6, 2020 / Notices
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 17,
2019, at 84 FR 22527. On April 6, 2020,
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, 2020, 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, 2020. See 5 CFR
842.706. For survivor election deposits,
the new factors will apply to survivor
reductions that commence on or after
October 1, 2020. 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 847.603 or
847.809 is on or after October 1, 2020.
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]
jbell on DSKJLSW7X2PROD with NOTICES
Age
Present value factor
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 ....................................................................................
98 ....................................................................................
99 ....................................................................................
100 ..................................................................................
101 ..................................................................................
102 ..................................................................................
103 ..................................................................................
104 ..................................................................................
105 ..................................................................................
106 ..................................................................................
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220.4
213.9
207.4
200.9
194.3
187.6
181.0
174.2
167.5
160.8
154.1
147.4
140.8
134.3
127.8
121.4
115.1
108.9
102.8
96.8
91.0
85.4
80.0
74.7
69.7
64.8
60.3
56.0
52.0
48.3
44.8
41.6
38.7
36.0
33.6
31.4
29.4
27.7
26.1
24.6
23.1
21.7
20.3
18.8
16.9
06APN1
Federal Register / Vol. 85, No. 66 / Monday, April 6, 2020 / Notices
TABLE I—FERS PRESENT VALUE FACTORS FOR AGES 62 AND
OLDER—Continued
[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]
Age
Present value factor
107 ..................................................................................
108 ..................................................................................
109 ..................................................................................
14.1
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
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
259.4
258.0
256.5
255.0
253.5
251.9
250.3
248.7
247.1
245.4
243.8
242.0
240.2
238.4
236.5
234.7
232.8
230.8
228.8
226.8
224.7
222.5
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]
jbell on DSKJLSW7X2PROD with NOTICES
Age
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
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17:47 Apr 03, 2020
Present value factor
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
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E:\FR\FM\06APN1.SGM
341.7
336.9
332.1
327.1
322.2
317.1
312.0
306.9
301.6
296.4
291.0
285.6
280.0
274.4
268.8
263.0
257.2
251.3
245.3
239.2
06APN1
19177
19178
Federal Register / Vol. 85, No. 66 / Monday, April 6, 2020 / Notices
TABLE II.B—FERS PRESENT VALUE FACTORS FOR AGES 40
THROUGH 61—Continued
[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
Present value factor
60 ....................................................................................
61 ....................................................................................
233.0
226.7
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 of a
monthly annuity
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
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
....................................................................................
Office of Personnel Management.
Alexys Stanley,
Regulatory Affairs Analyst.
[FR Doc. 2020–07104 Filed 4–3–20; 8:45 am]
BILLING CODE 6325–38–P
POSTAL REGULATORY COMMISSION
[Docket Nos. MC2020–111 and CP2020–117;
MC2020–112 and CP2020–118]
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: April 8,
2020.
jbell on DSKJLSW7X2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:47 Apr 03, 2020
Jkt 250001
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.
ADDRESSES:
FOR FURTHER INFORMATION CONTACT:
David A. Trissell, General Counsel, at
202–789–6820.
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
PO 00000
Frm 00047
Fmt 4703
Sfmt 4703
425.0
422.3
419.5
416.6
413.7
410.6
407.5
404.4
401.1
397.8
394.4
390.9
387.4
383.7
380.0
376.1
372.2
368.1
364.0
359.7
355.4
350.9
346.4
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
E:\FR\FM\06APN1.SGM
06APN1
]]>Agencies
[Federal Register Volume 85, Number 66 (Monday, April 6, 2020)]
[Notices]
[Pages 19175-19178]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-07104]
-----------------------------------------------------------------------
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, 2020.
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).
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
[[Page 19176]]
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
17, 2019, at 84 FR 22527. On April 6, 2020, 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, 2020, 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, 2020. See 5 CFR 842.706. For
survivor election deposits, the new factors will apply to survivor
reductions that commence on or after October 1, 2020. 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 847.603 or 847.809
is on or after October 1, 2020. 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]
----------------------------------------------------------------------------------------------------------------
Age Present value factor
----------------------------------------------------------------------------------------------------------------
62......................................................................... 220.4
63......................................................................... 213.9
64......................................................................... 207.4
65......................................................................... 200.9
66......................................................................... 194.3
67......................................................................... 187.6
68......................................................................... 181.0
69......................................................................... 174.2
70......................................................................... 167.5
71......................................................................... 160.8
72......................................................................... 154.1
73......................................................................... 147.4
74......................................................................... 140.8
75......................................................................... 134.3
76......................................................................... 127.8
77......................................................................... 121.4
78......................................................................... 115.1
79......................................................................... 108.9
80......................................................................... 102.8
81......................................................................... 96.8
82......................................................................... 91.0
83......................................................................... 85.4
84......................................................................... 80.0
85......................................................................... 74.7
86......................................................................... 69.7
87......................................................................... 64.8
88......................................................................... 60.3
89......................................................................... 56.0
90......................................................................... 52.0
91......................................................................... 48.3
92......................................................................... 44.8
93......................................................................... 41.6
94......................................................................... 38.7
95......................................................................... 36.0
96......................................................................... 33.6
97......................................................................... 31.4
98......................................................................... 29.4
99......................................................................... 27.7
100........................................................................ 26.1
101........................................................................ 24.6
102........................................................................ 23.1
103........................................................................ 21.7
104........................................................................ 20.3
105........................................................................ 18.8
106........................................................................ 16.9
[[Page 19177]]
107........................................................................ 14.1
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), 8420a, under section 1043 of Public Law 104-106,
or under section 1132 of Public Law 107-107]
----------------------------------------------------------------------------------------------------------------
Age Present value factor
----------------------------------------------------------------------------------------------------------------
40......................................................................... 259.4
41......................................................................... 258.0
42......................................................................... 256.5
43......................................................................... 255.0
44......................................................................... 253.5
45......................................................................... 251.9
46......................................................................... 250.3
47......................................................................... 248.7
48......................................................................... 247.1
49......................................................................... 245.4
50......................................................................... 243.8
51......................................................................... 242.0
52......................................................................... 240.2
53......................................................................... 238.4
54......................................................................... 236.5
55......................................................................... 234.7
56......................................................................... 232.8
57......................................................................... 230.8
58......................................................................... 228.8
59......................................................................... 226.8
60......................................................................... 224.7
61......................................................................... 222.5
----------------------------------------------------------------------------------------------------------------
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 Present value factor
----------------------------------------------------------------------------------------------------------------
40......................................................................... 341.7
41......................................................................... 336.9
42......................................................................... 332.1
43......................................................................... 327.1
44......................................................................... 322.2
45......................................................................... 317.1
46......................................................................... 312.0
47......................................................................... 306.9
48......................................................................... 301.6
49......................................................................... 296.4
50......................................................................... 291.0
51......................................................................... 285.6
52......................................................................... 280.0
53......................................................................... 274.4
54......................................................................... 268.8
55......................................................................... 263.0
56......................................................................... 257.2
57......................................................................... 251.3
58......................................................................... 245.3
59......................................................................... 239.2
[[Page 19178]]
60......................................................................... 233.0
61......................................................................... 226.7
----------------------------------------------------------------------------------------------------------------
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]
----------------------------------------------------------------------------------------------------------------
Age at calculation Present value of a monthly annuity
----------------------------------------------------------------------------------------------------------------
17......................................................................... 425.0
18......................................................................... 422.3
19......................................................................... 419.5
20......................................................................... 416.6
21......................................................................... 413.7
22......................................................................... 410.6
23......................................................................... 407.5
24......................................................................... 404.4
25......................................................................... 401.1
26......................................................................... 397.8
27......................................................................... 394.4
28......................................................................... 390.9
29......................................................................... 387.4
30......................................................................... 383.7
31......................................................................... 380.0
32......................................................................... 376.1
33......................................................................... 372.2
34......................................................................... 368.1
35......................................................................... 364.0
36......................................................................... 359.7
37......................................................................... 355.4
38......................................................................... 350.9
39......................................................................... 346.4
----------------------------------------------------------------------------------------------------------------
Office of Personnel Management.
Alexys Stanley,
Regulatory Affairs Analyst.
[FR Doc. 2020-07104 Filed 4-3-20; 8:45 am]
BILLING CODE 6325-38-P
