Federal Employees' Retirement System; Present Value Conversion Factors for Spouses of Deceased Separated Employees, 39852-39854 [2020-13609]
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39852
Federal Register / Vol. 85, No. 128 / Thursday, July 2, 2020 / Proposed Rules
Federalism
We have examined this rule in
accordance with Executive Order 13132,
Federalism, and have determined that
this rule will not have any negative
impact on the rights, roles and
responsibilities of State, local, or tribal
governments.
Civil Justice Reform
This regulation meets the applicable
standard set forth in Executive Order
12988.
Unfunded Mandates Reform Act of
1995
This rule will not result in the
expenditure by state, local, and tribal
governments, in the aggregate, or by the
private sector, of $100 million or more
in any year and it will not significantly
or uniquely affect small governments.
Therefore, no actions were deemed
necessary under the provisions of the
Unfunded Mandates Reform Act of
1995.
Congressional Review Act
This action pertains to agency
management, personnel, and
organization and does not substantially
affect the rights or obligations of
nonagency parties and, accordingly, is
not a ‘‘rule’’ as that term is used by the
Congressional Review Act (Subtitle E of
the Small Business Regulatory
Enforcement Fairness Act of 1996
(SBREFA)). Therefore, the reporting
requirement of 5 U.S.C. 801 does not
apply.
Paperwork Reduction Act
Notwithstanding any other provision
of law, no person is required to respond
to, nor shall any person be subject to a
penalty for failure to comply with a
collection of information subject to the
requirements of the Paperwork
Reduction Act of 1995 (44 U.S.C. 3501
et seq.) (PRA), unless that collection of
information displays a currently valid
Office of Management and Budget
(OMB) Control Number.
This rule involves an OMB approved
collection of information subject to the
PRA Application for Death Benefits
(FERS)/Documentation and Elections in
Support of Application for Death
Benefits when Deceased was an
Employee at the Time of Death (FERS),
3206–0172. The public reporting burden
for this collection is estimated to
average 60 minutes per response,
including time for reviewing
instructions, searching existing data
sources, gathering and maintaining the
data needed, and completing and
reviewing the collection of information.
The total burden hour estimate for this
VerDate Sep<11>2014
17:03 Jul 01, 2020
Jkt 250001
form is 16,751 hours. The systems of
record notice for this collection is: OPM
SORN CENTRAL–1–Civil Service
Retirement and Insurance Records.
OFFICE OF PERSONNEL
MANAGEMENT
List of Subjects in 5 CFR Part 841
RIN 3206–ANO03
Administrative practice and
procedure, Air traffic controllers,
Claims, Disability benefits, Firefighters,
Government employees, Income taxes,
Intergovernmental relations, Law
enforcement officers, Pensions,
Retirement.
Federal Employees’ Retirement
System; Present Value Conversion
Factors for Spouses of Deceased
Separated Employees
Office of Personnel Management.
Alexys Stanley,
Regulatory Affairs Analyst.
For the reasons stated in the
preamble, the Office of Personnel
Management proposes to amend 5 CFR
part 841 as follows:
PART 841—FEDERAL EMPLOYEES
RETIREMENT SYSTEM—GENERAL
ADMINISTRATION
1. The authority citation for part 841
continues to read as follows:
■
Authority: 5 U.S.C. 8461; Sec. 841.108 also
issued under 5 U.S.C. 552a; Secs. 841.110
and 841.111 also issued under 5 U.S.C.
8470(a); subpart D also issued under 5 U.S.C.
8423; Sec. 841.504 also issued under 5 U.S.C.
8422; Sec. 841.507 also issued under section
505 of Pub. L. 99–335; subpart J also issued
under 5 U.S.C. 8469; Sec. 841.506 also issued
under 5 U.S.C. 7701(b)(2); Sec. 841.508 also
issued under section 505 of Pub. L. 99–335;
Sec. 841.604 also issued under Title II, Pub.
L. 106–265, 114 Stat. 780.
Subpart D—Government Costs
2. Amend § 841.403 by redesignating
paragraphs (c) through (h) as paragraphs
(d) through (i) respectively, revise
paragraph (b), and add new paragraph
(c) to read as follows:
■
§ 841.403 Categories of employees for
computation of normal cost percentages.
*
*
*
*
*
(b) Capitol Police covered under 5
U.S.C. 8412(d) and 5 U.S.C. 8425(c);
(c) Other Congressional employees;
*
*
*
*
*
[FR Doc. 2020–13610 Filed 7–1–20; 8:45 am]
BILLING CODE 6325–38–P
PO 00000
Frm 00002
Fmt 4702
Sfmt 4702
5 CFR Part 843
Office of Personnel
Management.
ACTION: Proposed rule.
AGENCY:
The Office of Personnel
Management (OPM) is issuing a
proposed rule to revise the table of
reduction factors for early commencing
dates of survivor annuities for spouses
of separated employees who die before
the date on which they would be
eligible for unreduced deferred
annuities, and to revise the annuity
factor for spouses of deceased
employees who die in service when
those spouses elect to receive the basic
employee death benefit in 36
installments under the Federal
Employees’ Retirement System (FERS)
Act of 1986. These rules are necessary
to ensure that the tables conform to the
economic and demographic
assumptions adopted by the Board of
Actuaries and published in the Federal
Register on April 6, 2020.
DATES: Send comments on or before
August 31, 2020.
ADDRESSES: You may submit comments
identified by docket number and/or
Regulatory Information Number (RIN)
and title, by the following method:
• Federal eRulemaking Portal: https://
www.regulations.gov. Follow the
instructions for submitting comments.
All submissions received must
include the agency name and docket
number or RIN for this document. The
general policy for comments and other
submissions from members of the public
is to make these submissions available
for public viewing at https://
www.regulations.gov as they are
received without change, including any
personal identifiers or contact
information.
SUMMARY:
FOR FURTHER INFORMATION CONTACT:
Karla Yeakle, (202) 606–0299.
On April
6, 2020, OPM published notice 85 FR
19174 in the Federal Register to revise
the normal cost percentages under the
Federal Employees’ Retirement System
(FERS) Act of 1986, Public Law 99–335,
100 Stat. 514, as amended, based on
economic assumptions and
demographic factors adopted by the
Board of Actuaries of the Civil Service
SUPPLEMENTARY INFORMATION:
E:\FR\FM\02JYP1.SGM
02JYP1
Federal Register / Vol. 85, No. 128 / Thursday, July 2, 2020 / Proposed Rules
Retirement System. By statute under 5
U.S.C. 8461(i), the revisions to the
actuarial assumptions require
corresponding changes in factors used
to produce actuarially equivalent
benefits when required by the FERS Act.
Section 843.309 of title 5, Code of
Federal Regulations, regulates the
payment of the basic employee death
benefit. Under 5 U.S.C. 8442(b), the
basic employee death benefit may be
paid to a surviving spouse as a lump
sum or as an equivalent benefit in 36
installments. These rules amend 5 CFR
843.309(b)(2) to conform the factor used
to convert the lump sum to 36installment payments with the revised
economic assumptions.
Section 843.311 of title 5, Code of
Federal Regulations, regulates the
benefits for the survivors of separated
employees under 5 U.S.C. 8442(c). This
section provides a choice of benefits for
eligible current and former spouses. If
the current or former spouse is the
person entitled to the unexpended
balance under the order of precedence
under 5 U.S.C. 8424, he or she may elect
to receive the unexpended balance
instead of an annuity. If the separated
employee died before having attained
the minimum retirement age, the
annuity commences on the day the
deceased separated employee would
have been eligible for an unreduced
annuity as specified under this section.
If the current or former spouse instead
elects to receive an adjusted annuity
beginning on the day after the death of
the separated employee, the annuity is
reduced using the factors in appendix A
to subpart C of part 843 to make the
annuity actuarially equivalent to the
present value of the annuity that the
spouse or former spouse otherwise
would have received. These rules
amend appendix A to subpart C of part
843 to conform the factors to the revised
actuarial assumptions.
Regulatory Impact Analysis
OPM has examined the impact of this
rule as required by Executive Order
12866 and Executive Order 13563,
which directs agencies to assess all costs
and benefits of available regulatory
alternatives and, if regulation is
necessary, to select regulatory
approaches that maximize net benefits
(including potential economic,
environmental, public, health, and
safety effects, distributive impacts, and
equity). A regulatory impact analysis
must be prepared for major rules with
economically significant effects of $100
million or more in any one year. This
rule was not designated as a ‘‘significant
regulatory action,’’ under Executive
Order 12866.
VerDate Sep<11>2014
17:03 Jul 01, 2020
Jkt 250001
Reducing Regulation and Controlling
Regulatory Costs
This rule is not an E.O. 13771
regulatory action because this rule is
related to agency organization,
management, or personnel.
Regulatory Flexibility Act
The Office of Personnel Management
certifies that this rule will not have a
significant economic impact on a
substantial number of small entities.
Federalism
We have examined this rule in
accordance with Executive Order 13132,
Federalism, and have determined that
this rule will not have any negative
impact on the rights, roles and
responsibilities of State, local, or tribal
governments.
Civil Justice Reform
This regulation meets the applicable
standard set forth in Executive Order
12988.
Unfunded Mandates Reform Act of
1995
This rule will not result in the
expenditure by state, local, and tribal
governments, in the aggregate, or by the
private sector, of $100 million or more
in any year and it will not significantly
or uniquely affect small governments.
Therefore, no actions were deemed
necessary under the provisions of the
Unfunded Mandates Reform Act of
1995.
Congressional Review Act
This action pertains to agency
management, personnel, and
organization and does not substantially
affect the rights or obligations of
nonagency parties and, accordingly, is
not a ‘‘rule’’ as that term is used by the
Congressional Review Act (Subtitle E of
the Small Business Regulatory
Enforcement Fairness Act of 1996
(SBREFA)). Therefore, the reporting
requirement of 5 U.S.C. 801 does not
apply.
Paperwork Reduction Act
Notwithstanding any other provision
of law, no person is required to respond
to, nor shall any person be subject to a
penalty for failure to comply with a
collection of information subject to the
requirements of the Paperwork
Reduction Act of 1995 (44 U.S.C. 3501
et seq.) (PRA), unless that collection of
information displays a currently valid
Office of Management and Budget
(OMB) Control Number.
This rule involves an OMB approved
collection of information subject to the
PRA Application for Death Benefits
PO 00000
Frm 00003
Fmt 4702
Sfmt 4702
39853
(FERS)/Documentation and Elections in
Support of Application for Death
Benefits when Deceased was an
Employee at the Time of Death (FERS),
3206–0172. The public reporting burden
for this collection is estimated to
average 60 minutes per response,
including time for reviewing
instructions, searching existing data
sources, gathering and maintaining the
data needed, and completing and
reviewing the collection of information.
The total burden hour estimate for this
form is 16,751 hours. The systems of
record notice for this collection is: OPM
SORN CENTRAL-1-Civil Service
Retirement and Insurance Records.
List of Subjects in 5 CFR Part 843
Air traffic controllers, Disability
benefits, Firefighters, Government
employees, Law enforcement officers,
Pensions, Retirement.
Office of Personnel Management.
Alexys Stanley,
Regulatory Affairs Analyst.
For the reasons stated in the
preamble, the Office of Personnel
Management proposes to amend 5 CFR
part 843 as follows:
PART 843—FEDERAL EMPLOYEES
RETIREMENT SYSTEM—DEATH
BENEFITS AND EMPLOYEE REFUNDS
1. The authority citation for part 843
is revised to read as follows:
■
Authority: 5 U.S.C. 8461; 843.205, 843.208,
and 843.209 also issued under 5 U.S.C. 8424;
843.309 also issued under 5 U.S.C. 8442;
843.406 also issued under 5 U.S.C. 8441.
Subpart C—Current and Former
Spouse Benefits
2. In § 843.309, revise paragraph (b)(2)
to read as follows:
■
§ 843.309
Basic employee death benefit.
*
*
*
*
*
(b) * * *
(2) For deaths occurring on or after
October 1, 2020, 36 equal monthly
installments of 2.95307 percent of the
amount of the basic employee death
benefit.
*
*
*
*
*
■ 3. Revise appendix A to subpart C of
part 843 to read as follows:
Appendix A to Subpart C of Part 843—
Present Value Conversion Factors for
Earlier Commencing Date of Annuities
of Current and Former Spouses of
Deceased Separated Employees
With at least 10 but less than 20 years of
creditable service—
E:\FR\FM\02JYP1.SGM
02JYP1
39854
Federal Register / Vol. 85, No. 128 / Thursday, July 2, 2020 / Proposed Rules
Age of separated
employee at birthday
before death
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
.1014
.1077
.1144
.1215
.1290
.1370
.1454
.1544
.1641
.1742
.1852
.1963
.2090
.2216
.2348
.2498
.2657
.2822
.3007
.3197
.3409
.3625
.3860
.4114
.4386
.4681
.4997
.5336
.5703
.6095
.6527
.6994
.7499
.8047
.8642
.9291
With at least 20, but less than 30 years of
creditable service—
Age of separated
employee at birthday before
death
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
Multiplier
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
..............................................
.2142
.2272
.2418
.2566
.2720
.2894
.3078
.3270
.3484
.3705
.3949
.4201
.4473
.4767
.5082
.5423
.5788
.6180
.6605
.7060
.7558
.8096
.8680
.9312
With at least 30 years of creditable
service—
VerDate Sep<11>2014
17:03 Jul 01, 2020
Multiplier by
separated
employee’s year
of birth
Multiplier
Jkt 250001
Age of separated
employee at birthday
before death
From
1950
through
1966
After
1966
46
47
48
49
50
51
52
53
54
55
56
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
.4881
.5194
.5531
.5894
.6283
.6704
.7154
.7638
.8162
.8725
.9338
.5228
.5563
.5924
.6314
.6730
.7180
.7662
.8181
.8741
.9345
1.0000
[FR Doc. 2020–13609 Filed 7–1–20; 8:45 am]
BILLING CODE 6325–38–P
DEPARTMENT OF ENERGY
Federal Energy Regulatory
Commission
18 CFR Part 342
[Docket No. RM20–14–000]
Five-Year Review of the Oil Pipeline
Index
Federal Energy Regulatory
Commission, Department of Energy.
ACTION: Notice of inquiry.
AGENCY:
The Federal Energy
Regulatory Commission (Commission)
invites comments on its proposed index
level used to determine annual changes
to oil pipeline rate ceilings. The
Commission proposes to use the
Producer Price Index for Finished
Goods (PPI–FG) plus 0.09% as the index
level for the five-year period
commencing July 1, 2021. The
Commission invites interested persons
to submit comments regarding this
proposal and any alternative
methodologies for calculating the index
level.
DATES: Initial Comments are due on or
before August 17, 2020, and Reply
Comments are due on or before
September 11, 2020.
ADDRESSES: You may submit comments,
identified by docket number, by any of
the following methods:
• Agency Website: https://
www.ferc.gov. Documents created
electronically using word processing
software should be filed in native
applications or print-to-PDF format and
not in a scanned format. All supporting
workpapers must be submitted with
formulas and in a spreadsheet format
SUMMARY:
PO 00000
Frm 00004
Fmt 4702
Sfmt 4702
acceptable under the Commission’s
eFiling rules.
• Mail/Hand Delivery: Commenters
unable to file comments electronically
must mail or hand deliver an original to:
Federal Energy Regulatory Commission,
Office of the Secretary, 888 First Street
NE, Washington, DC 20426.
FOR FURTHER INFORMATION CONTACT:
Monil Patel (Technical Information),
Office of Energy Market Regulation,
Federal Energy Regulatory
Commission, 888 First Street NE,
Washington, DC 20426, (202) 502–
8296, Monil.Patel@ferc.gov.
Evan Steiner (Legal Information), Office
of the General Counsel, Federal
Energy Regulatory Commission, 888
First Street NE, Washington, DC
20426, (202) 502–8792, Evan.Steiner@
ferc.gov.
SUPPLEMENTARY INFORMATION:
1. The Commission annually applies
an index to existing oil pipeline
transportation rate ceilings to establish
new rate ceiling levels.1 The
Commission reexamines the index level
every five years.2 In this notice of
inquiry (NOI), the Commission invites
comments on its proposal to use the
Producer Price Index for Finished
Goods (PPI–FG) 3 plus 0.09% as the
index level for the next five years
beginning July 1, 2021.4 This proposal
is based on the Kahn Methodology
established in Order No. 561 and
applied in subsequent five-year index
review proceedings.5
2. As discussed below, commenters
are invited to submit comments
1 Indexing allows oil pipelines to change their
tariff rates so long as those rates remain at or below
certain ceiling levels. 18 CFR 342.3(a).
2 The five-year index review process was
established in Order No. 561. See Revisions to Oil
Pipeline Regulations Pursuant to the Energy Policy
Act of 1992, Order No. 561, FERC Stats. & Regs.
¶ 30,985 (1993), order on reh’g, Order No. 561–A,
FERC Stats. & Regs. ¶ 31,000 (1994), aff’d, Ass’n of
Oil Pipe Lines v. FERC, 83 F.3d 1424 (D.C. Cir.
1996).
3 The PPI–FG is determined and issued by the
Bureau of Labor Statistics, U.S. Department of
Labor.
4 As provided by 18 CFR 342.3(d)(2), ‘‘The index
will be calculated by dividing the PPI–FG for the
calendar year immediately preceding the index
year, by the previous calendar year’s PPI–FG.’’
Multiplying the rate ceiling effective on June 30 of
the index year by the resulting number establishes
the new rate ceiling for the year beginning the next
day, July 1.
5 Five-Year Review of the Oil Pipeline Index, 153
FERC ¶ 61,312, at PP 5, 12–18 (2015) (2015 Index
Review), aff’d, Ass’n of Oil Pipe Lines v. FERC, 876
F.3d 336 (D.C. Cir. 2017); Five-Year Review of Oil
Pipeline Pricing Index, 133 FERC ¶ 61,228, at PP 5–
9, 60–63 (2010) (2010 Index Review), order on
reh’g, 135 FERC ¶ 61,172 (2011); see also Five-Year
Review of Oil Pipeline Pricing Index, 114 FERC
¶ 61,293 (2006) (2005 Index Review); Five-Year
Review of Oil Pipeline Pricing Index, 102 FERC
¶ 61,195 (2003), aff’d, Flying J Inc. v. FERC, 363
F.3d 495 (D.C. Cir. 2004).
E:\FR\FM\02JYP1.SGM
02JYP1
]]>Agencies
[Federal Register Volume 85, Number 128 (Thursday, July 2, 2020)]
[Proposed Rules]
[Pages 39852-39854]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-13609]
-----------------------------------------------------------------------
OFFICE OF PERSONNEL MANAGEMENT
5 CFR Part 843
RIN 3206-ANO03
Federal Employees' Retirement System; Present Value Conversion
Factors for Spouses of Deceased Separated Employees
AGENCY: Office of Personnel Management.
ACTION: Proposed rule.
-----------------------------------------------------------------------
SUMMARY: The Office of Personnel Management (OPM) is issuing a proposed
rule to revise the table of reduction factors for early commencing
dates of survivor annuities for spouses of separated employees who die
before the date on which they would be eligible for unreduced deferred
annuities, and to revise the annuity factor for spouses of deceased
employees who die in service when those spouses elect to receive the
basic employee death benefit in 36 installments under the Federal
Employees' Retirement System (FERS) Act of 1986. These rules are
necessary to ensure that the tables conform to the economic and
demographic assumptions adopted by the Board of Actuaries and published
in the Federal Register on April 6, 2020.
DATES: Send comments on or before August 31, 2020.
ADDRESSES: You may submit comments identified by docket number and/or
Regulatory Information Number (RIN) and title, by the following method:
Federal eRulemaking Portal: https://www.regulations.gov.
Follow the instructions for submitting comments.
All submissions received must include the agency name and docket
number or RIN for this document. The general policy for comments and
other submissions from members of the public is to make these
submissions available for public viewing at https://www.regulations.gov
as they are received without change, including any personal identifiers
or contact information.
FOR FURTHER INFORMATION CONTACT: Karla Yeakle, (202) 606-0299.
SUPPLEMENTARY INFORMATION: On April 6, 2020, OPM published notice 85 FR
19174 in the Federal Register to revise the normal cost percentages
under the Federal Employees' Retirement System (FERS) Act of 1986,
Public Law 99-335, 100 Stat. 514, as amended, based on economic
assumptions and demographic factors adopted by the Board of Actuaries
of the Civil Service
[[Page 39853]]
Retirement System. By statute under 5 U.S.C. 8461(i), the revisions to
the actuarial assumptions require corresponding changes in factors used
to produce actuarially equivalent benefits when required by the FERS
Act.
Section 843.309 of title 5, Code of Federal Regulations, regulates
the payment of the basic employee death benefit. Under 5 U.S.C.
8442(b), the basic employee death benefit may be paid to a surviving
spouse as a lump sum or as an equivalent benefit in 36 installments.
These rules amend 5 CFR 843.309(b)(2) to conform the factor used to
convert the lump sum to 36-installment payments with the revised
economic assumptions.
Section 843.311 of title 5, Code of Federal Regulations, regulates
the benefits for the survivors of separated employees under 5 U.S.C.
8442(c). This section provides a choice of benefits for eligible
current and former spouses. If the current or former spouse is the
person entitled to the unexpended balance under the order of precedence
under 5 U.S.C. 8424, he or she may elect to receive the unexpended
balance instead of an annuity. If the separated employee died before
having attained the minimum retirement age, the annuity commences on
the day the deceased separated employee would have been eligible for an
unreduced annuity as specified under this section. If the current or
former spouse instead elects to receive an adjusted annuity beginning
on the day after the death of the separated employee, the annuity is
reduced using the factors in appendix A to subpart C of part 843 to
make the annuity actuarially equivalent to the present value of the
annuity that the spouse or former spouse otherwise would have received.
These rules amend appendix A to subpart C of part 843 to conform the
factors to the revised actuarial assumptions.
Regulatory Impact Analysis
OPM has examined the impact of this rule as required by Executive
Order 12866 and Executive Order 13563, which directs agencies to assess
all costs and benefits of available regulatory alternatives and, if
regulation is necessary, to select regulatory approaches that maximize
net benefits (including potential economic, environmental, public,
health, and safety effects, distributive impacts, and equity). A
regulatory impact analysis must be prepared for major rules with
economically significant effects of $100 million or more in any one
year. This rule was not designated as a ``significant regulatory
action,'' under Executive Order 12866.
Reducing Regulation and Controlling Regulatory Costs
This rule is not an E.O. 13771 regulatory action because this rule
is related to agency organization, management, or personnel.
Regulatory Flexibility Act
The Office of Personnel Management certifies that this rule will
not have a significant economic impact on a substantial number of small
entities.
Federalism
We have examined this rule in accordance with Executive Order
13132, Federalism, and have determined that this rule will not have any
negative impact on the rights, roles and responsibilities of State,
local, or tribal governments.
Civil Justice Reform
This regulation meets the applicable standard set forth in
Executive Order 12988.
Unfunded Mandates Reform Act of 1995
This rule will not result in the expenditure by state, local, and
tribal governments, in the aggregate, or by the private sector, of $100
million or more in any year and it will not significantly or uniquely
affect small governments. Therefore, no actions were deemed necessary
under the provisions of the Unfunded Mandates Reform Act of 1995.
Congressional Review Act
This action pertains to agency management, personnel, and
organization and does not substantially affect the rights or
obligations of nonagency parties and, accordingly, is not a ``rule'' as
that term is used by the Congressional Review Act (Subtitle E of the
Small Business Regulatory Enforcement Fairness Act of 1996 (SBREFA)).
Therefore, the reporting requirement of 5 U.S.C. 801 does not apply.
Paperwork Reduction Act
Notwithstanding any other provision of law, no person is required
to respond to, nor shall any person be subject to a penalty for failure
to comply with a collection of information subject to the requirements
of the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.) (PRA),
unless that collection of information displays a currently valid Office
of Management and Budget (OMB) Control Number.
This rule involves an OMB approved collection of information
subject to the PRA Application for Death Benefits (FERS)/Documentation
and Elections in Support of Application for Death Benefits when
Deceased was an Employee at the Time of Death (FERS), 3206-0172. The
public reporting burden for this collection is estimated to average 60
minutes per response, including time for reviewing instructions,
searching existing data sources, gathering and maintaining the data
needed, and completing and reviewing the collection of information. The
total burden hour estimate for this form is 16,751 hours. The systems
of record notice for this collection is: OPM SORN CENTRAL-1-Civil
Service Retirement and Insurance Records.
List of Subjects in 5 CFR Part 843
Air traffic controllers, Disability benefits, Firefighters,
Government employees, Law enforcement officers, Pensions, Retirement.
Office of Personnel Management.
Alexys Stanley,
Regulatory Affairs Analyst.
For the reasons stated in the preamble, the Office of Personnel
Management proposes to amend 5 CFR part 843 as follows:
PART 843--FEDERAL EMPLOYEES RETIREMENT SYSTEM--DEATH BENEFITS AND
EMPLOYEE REFUNDS
0
1. The authority citation for part 843 is revised to read as follows:
Authority: 5 U.S.C. 8461; 843.205, 843.208, and 843.209 also
issued under 5 U.S.C. 8424; 843.309 also issued under 5 U.S.C. 8442;
843.406 also issued under 5 U.S.C. 8441.
Subpart C--Current and Former Spouse Benefits
0
2. In Sec. 843.309, revise paragraph (b)(2) to read as follows:
Sec. 843.309 Basic employee death benefit.
* * * * *
(b) * * *
(2) For deaths occurring on or after October 1, 2020, 36 equal
monthly installments of 2.95307 percent of the amount of the basic
employee death benefit.
* * * * *
0
3. Revise appendix A to subpart C of part 843 to read as follows:
Appendix A to Subpart C of Part 843--Present Value Conversion Factors
for Earlier Commencing Date of Annuities of Current and Former Spouses
of Deceased Separated Employees
With at least 10 but less than 20 years of creditable service--
[[Page 39854]]
------------------------------------------------------------------------
Age of separated employee at birthday before death Multiplier
------------------------------------------------------------------------
26......................................................... .1014
27......................................................... .1077
28......................................................... .1144
29......................................................... .1215
30......................................................... .1290
31......................................................... .1370
32......................................................... .1454
33......................................................... .1544
34......................................................... .1641
35......................................................... .1742
36......................................................... .1852
37......................................................... .1963
38......................................................... .2090
39......................................................... .2216
40......................................................... .2348
41......................................................... .2498
42......................................................... .2657
43......................................................... .2822
44......................................................... .3007
45......................................................... .3197
46......................................................... .3409
47......................................................... .3625
48......................................................... .3860
49......................................................... .4114
50......................................................... .4386
51......................................................... .4681
52......................................................... .4997
53......................................................... .5336
54......................................................... .5703
55......................................................... .6095
56......................................................... .6527
57......................................................... .6994
58......................................................... .7499
59......................................................... .8047
60......................................................... .8642
61......................................................... .9291
------------------------------------------------------------------------
With at least 20, but less than 30 years of creditable service--
------------------------------------------------------------------------
Age of separated employee at birthday before death Multiplier
------------------------------------------------------------------------
36......................................................... .2142
37......................................................... .2272
38......................................................... .2418
39......................................................... .2566
40......................................................... .2720
41......................................................... .2894
42......................................................... .3078
43......................................................... .3270
44......................................................... .3484
45......................................................... .3705
46......................................................... .3949
47......................................................... .4201
48......................................................... .4473
49......................................................... .4767
50......................................................... .5082
51......................................................... .5423
52......................................................... .5788
53......................................................... .6180
54......................................................... .6605
55......................................................... .7060
56......................................................... .7558
57......................................................... .8096
58......................................................... .8680
59......................................................... .9312
------------------------------------------------------------------------
With at least 30 years of creditable service--
------------------------------------------------------------------------
Multiplier by
separated
employee's year of
birth
Age of separated employee at birthday before death -------------------
From
After 1950
1966 through
1966
------------------------------------------------------------------------
46.................................................. .4881 .5228
47.................................................. .5194 .5563
48.................................................. .5531 .5924
49.................................................. .5894 .6314
50.................................................. .6283 .6730
51.................................................. .6704 .7180
52.................................................. .7154 .7662
53.................................................. .7638 .8181
54.................................................. .8162 .8741
55.................................................. .8725 .9345
56.................................................. .9338 1.0000
------------------------------------------------------------------------
[FR Doc. 2020-13609 Filed 7-1-20; 8:45 am]
BILLING CODE 6325-38-P
