Federal Employees' Retirement System; Present Value Conversion Factors for Spouses of Deceased Separated Employees, 45100-45102 [2023-14983]
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45100
Proposed Rules
Federal Register
Vol. 88, No. 134
Friday, July 14, 2023
This section of the FEDERAL REGISTER
contains notices to the public of the proposed
issuance of rules and regulations. The
purpose of these notices is to give interested
persons an opportunity to participate in the
rule making prior to the adoption of the final
rules.
OFFICE OF PERSONNEL
MANAGEMENT
5 CFR Part 843
[Docket ID: OPM–2023–0008]
RIN 3206–AO13
Federal Employees’ Retirement
System; Present Value Conversion
Factors for Spouses of Deceased
Separated Employees
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. 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 remains unchanged. These
proposed revisions 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 14, 2023, as required
by law.
DATES: Send comments on or before
August 14, 2023.
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
lotter on DSK11XQN23PROD with PROPOSALS1
SUMMARY:
VerDate Sep<11>2014
16:53 Jul 13, 2023
Jkt 259001
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
14, 2023, OPM published a notice at 88
FR 23108 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 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. In its meeting on May 10,
2022, the Board of Actuaries of the Civil
Service Retirement System (the Board)
reviewed the long-term economic
assumptions and determined that they
should remain unchanged; therefore, the
factors used to convert the lump sum to
36-installment payments under 5 CFR
843.309(b)(2) will remain unchanged.
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
earlier, beginning on the day after the
death of the separated employee, the
annuity is actuarially reduced to
PO 00000
Frm 00001
Fmt 4702
Sfmt 4702
compensate for it being paid at an
earlier date, and 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.
This reduces the risk of any unfunded
liability to the Civil Service Retirement
and Disability Fund. These proposed
revisions amend appendix A to subpart
C of part 843 to conform the factors to
the revised actuarial assumptions.
OPM has determined that a 30-day
period for comments on this proposed
rule is sufficient to allow for meaningful
public input. These proposed revisions
to Appendix A to subpart C of part 843
are necessary under 5 U.S.C. 8461(i).
Under section 8461(i) and 5 CFR part
841, subpart D, OPM is required to make
changes to the factors used to produce
actuarially equivalent benefits under the
FERS Act whenever the Board of
Actuaries established under 5 U.S.C.
8347(f) revises related economic
assumptions. In May 2022, the Board of
Actuaries made such revisions.
Accordingly, OPM must now implement
these revisions and is proposing the
corresponding changes, which must go
into effect the first day of the fiscal year.
OPM historically has not received
comments on previous iterations of this
rulemaking.
Expected Impact of This Rule
OPM is issuing this 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. The
factors that are currently in effect can be
found in appendix A to subpart C of
part 843.
Of all the applications for survivor
annuity death benefits OPM receives
annually, OPM expects this rule to
impact approximately one percent of
those survivor annuity death
applications it receives that is based on
the death of a separated employee. Of
the changes this rule implements, the
most significant change is to conform
the factors to the revised actuarial
assumptions when the current or former
spouse 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
E:\FR\FM\14JYP1.SGM
14JYP1
45101
Federal Register / Vol. 88, No. 134 / Friday, July 14, 2023 / Proposed Rules
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. When OPM
updates the FERS normal cost, the FERS
law at 5 U.S.C. 8461(i) requires that
OPM make corresponding changes to
the factors used to produce actuarially
equivalent benefits under FERS.
Specifically, this rule is needed to revise
the present value conversion factors for
certain benefits payable under FERS to
current and former spouses of deceased
separated employees. This rule allows
certain survivors to make choices about
what benefits they want to receive and,
in some instances, when they want the
benefits to begin. Considering the small
number of survivor annuities affected,
OPM does not anticipate this rule will
substantially impact local economies or
have a large impact in local labor
markets. However, OPM is requesting
comment in this rule regarding the
impact.
lotter on DSK11XQN23PROD with PROPOSALS1
Regulatory Review
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). This rule was not designated as
a ‘‘significant regulatory action,’’ under
Executive Order 12866 and, therefore,
was not reviewed by the Office of
Management and Budget (OMB).
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.
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
OMB Control Number.
This rule involves an OMB approved
collection of information subject to the
PRA titled ‘‘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),’’
OMB Control Number 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
Regulatory Flexibility Act
OPM certifies that this rule will not
have a significant economic impact on
a substantial number of small entities.
Air traffic controllers, Disability
benefits, Firefighters, Government
employees, Law enforcement officers,
Pensions, Retirement.
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.
Office of Personnel Management.
Kayyonne Marston,
Federal Register Liaison.
Civil Justice Reform
This regulation meets the applicable
standard set forth in Executive Order
12988.
PART 843—FEDERAL EMPLOYEES
RETIREMENT SYSTEM—DEATH
BENEFITS AND EMPLOYEE REFUNDS
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
VerDate Sep<11>2014
16:53 Jul 13, 2023
Jkt 259001
For the reasons stated in the
preamble, the Office of Personnel
Management proposes to amend 5 CFR
part 843 as follows:
1. The authority citation for part 843
continues 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.
PO 00000
Frm 00002
Fmt 4702
Sfmt 4702
Subpart C—Current and Former
Spouse Benefits
2. 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—
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
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
Multiplier
.1081
.1146
.1215
.1289
.1367
.1451
.1539
.1634
.1735
.1840
.1954
.2071
.2196
.2326
.2460
.2611
.2772
.2939
.3124
.3314
.3525
.3743
.3978
.4230
.4500
.4792
.5106
.5442
.5804
.6190
.6614
.7070
.7565
.8100
.8680
.9312
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
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
E:\FR\FM\14JYP1.SGM
14JYP1
Multiplier
.2248
.2383
.2528
.2679
.2835
.3009
.3195
.3389
.3601
.3821
.4064
.4316
.4587
.4878
.5190
45102
Federal Register / Vol. 88, No. 134 / Friday, July 14, 2023 / Proposed Rules
Age of separated employee
at birthday before death
51
52
53
54
Multiplier
..........................................
..........................................
..........................................
..........................................
.5526
.5887
.6274
.6691
Age of separated employee
at birthday before death
55
56
57
58
..........................................
..........................................
..........................................
..........................................
Multiplier
.7137
.7623
.8149
.8717
Age of separated employee
at birthday before death
Multiplier
59 ..........................................
.9332
With at least 30 years of creditable
service—
Multiplier by separated
employee’s year of birth
Age of separated employee at birthday before death
After 1966
46
47
48
49
50
51
52
53
54
55
56
.............................................................................................................................................................................
.............................................................................................................................................................................
.............................................................................................................................................................................
.............................................................................................................................................................................
.............................................................................................................................................................................
.............................................................................................................................................................................
.............................................................................................................................................................................
.............................................................................................................................................................................
.............................................................................................................................................................................
.............................................................................................................................................................................
.............................................................................................................................................................................
[FR Doc. 2023–14983 Filed 7–13–23; 8:45 am]
BILLING CODE 6325–38–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 39
[Docket No. FAA–2022–1650; Project
Identifier MCAI–2022–00210–T]
RIN 2120–AA64
Airworthiness Directives; Airbus
Canada Limited Partnership (Type
Certificate Previously Held by C Series
Aircraft Limited Partnership (CSALP);
Bombardier, Inc.) Airplanes
Federal Aviation
Administration (FAA), DOT.
ACTION: Supplemental notice of
proposed rulemaking (SNPRM).
AGENCY:
The FAA is revising a notice
of proposed rulemaking (NPRM) that
would have applied to certain Airbus
Canada Limited Partnership Model BD–
500–1A11 airplanes. This action revises
the NPRM by changing the applicability.
The FAA is proposing this
airworthiness directive (AD) to address
the unsafe condition on these products.
Since these actions would impose an
additional burden over those in the
NPRM, the FAA is requesting comments
on this SNPRM.
DATES: The FAA must receive comments
on this SNPRM by August 28, 2023.
ADDRESSES: You may send comments,
using the procedures found in 14 CFR
11.43 and 11.45, by any of the following
methods:
lotter on DSK11XQN23PROD with PROPOSALS1
SUMMARY:
VerDate Sep<11>2014
16:53 Jul 13, 2023
Jkt 259001
• Federal eRulemaking Portal: Go to
regulations.gov. Follow the instructions
for submitting comments.
• Fax: 202–493–2251.
• Mail: U.S. Department of
Transportation, Docket Operations, M–
30, West Building Ground Floor, Room
W12–140, 1200 New Jersey Avenue SE,
Washington, DC 20590.
• Hand Delivery: Deliver to Mail
address above between 9 a.m. and 5
p.m., Monday through Friday, except
Federal holidays.
AD Docket: You may examine the AD
docket at regulations.gov under Docket
No. FAA–2022–1650; or in person at
Docket Operations between 9 a.m. and
5 p.m., Monday through Friday, except
Federal holidays. The AD docket
contains the NPRM, this SNPRM, the
mandatory continuing airworthiness
information (MCAI), any comments
received, and other information. The
street address for Docket Operations is
listed above.
Material Incorporated by Reference:
• For Transport Canada material that
is proposed for incorporation by
reference in this SNPRM, contact
Transport Canada, Transport Canada
National Aircraft Certification, 159
Cleopatra Drive, Nepean, Ontario K1A
0N5, Canada; telephone 888–663–3639;
email TC.AirworthinessDirectivesConsignesdenavigabilite.TC@tc.gc.ca;
website tc.canada.ca/en/aviation.
• For Airbus Canada Limited
Partnership material that is proposed for
incorporation by reference in this
SNPRM, contact Airbus Canada Limited
Partnership, 13100 Henri-Fabre
Boulevard, Mirabel, Que´bec, J7N 3C6,
Canada; telephone 450–476–7676; email
PO 00000
Frm 00003
Fmt 4702
Sfmt 4702
.4989
.5300
.5634
.5991
.6374
.6786
.7228
.7703
.8213
.8763
.9357
From 1950
through 1966
.5332
.5665
.6021
.6403
.6813
.7253
.7725
.8232
.8778
.9365
1.0000
a220_crc@abc.airbus; website
a220world.airbus.com.
• You may view this service
information at the FAA, Airworthiness
Products Section, Operational Safety
Branch, 2200 South 216th Street, Des
Moines, WA. For information on the
availability of this material at the FAA,
call 206–231–3195. It is also available at
regulations.gov under Docket No. FAA–
2022–1650.
FOR FURTHER INFORMATION CONTACT:
Steven Dzierzynski, Aviation Safety
Engineer, FAA, 1600 Stewart Avenue,
Suite 410, Westbury, NY 11590;
telephone 516–228–7300; email 9-avsnyaco-cos@faa.gov.
SUPPLEMENTARY INFORMATION:
Comments Invited
The FAA invites you to send any
written relevant data, views, or
arguments about this proposal. Send
your comments to an address listed
under ADDRESSES. Include ‘‘Docket No.
FAA–2022–1650; Project Identifier
MCAI–2022–00210–T’’ at the beginning
of your comments. The most helpful
comments reference a specific portion of
the proposal, explain the reason for any
recommended change, and include
supporting data. The FAA will consider
all comments received by the closing
date and may amend this proposal
because of those comments.
Except for Confidential Business
Information (CBI) as described in the
following paragraph, and other
information as described in 14 CFR
11.35, the FAA will post all comments
received, without change, to
regulations.gov, including any personal
information you provide. The agency
will also post a report summarizing each
E:\FR\FM\14JYP1.SGM
14JYP1
]]>Agencies
[Federal Register Volume 88, Number 134 (Friday, July 14, 2023)]
[Proposed Rules]
[Pages 45100-45102]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-14983]
========================================================================
Proposed Rules
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains notices to the public of
the proposed issuance of rules and regulations. The purpose of these
notices is to give interested persons an opportunity to participate in
the rule making prior to the adoption of the final rules.
========================================================================
Federal Register / Vol. 88, No. 134 / Friday, July 14, 2023 /
Proposed Rules
[[Page 45100]]
OFFICE OF PERSONNEL MANAGEMENT
5 CFR Part 843
[Docket ID: OPM-2023-0008]
RIN 3206-AO13
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. 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 remains unchanged. These proposed revisions
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 14, 2023, as required by law.
DATES: Send comments on or before August 14, 2023.
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 14, 2023, OPM published a notice at
88 FR 23108 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 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. In
its meeting on May 10, 2022, the Board of Actuaries of the Civil
Service Retirement System (the Board) reviewed the long-term economic
assumptions and determined that they should remain unchanged;
therefore, the factors used to convert the lump sum to 36-installment
payments under 5 CFR 843.309(b)(2) will remain unchanged.
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 earlier,
beginning on the day after the death of the separated employee, the
annuity is actuarially reduced to compensate for it being paid at an
earlier date, and 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. This reduces the risk of any unfunded liability to the
Civil Service Retirement and Disability Fund. These proposed revisions
amend appendix A to subpart C of part 843 to conform the factors to the
revised actuarial assumptions.
OPM has determined that a 30-day period for comments on this
proposed rule is sufficient to allow for meaningful public input. These
proposed revisions to Appendix A to subpart C of part 843 are necessary
under 5 U.S.C. 8461(i). Under section 8461(i) and 5 CFR part 841,
subpart D, OPM is required to make changes to the factors used to
produce actuarially equivalent benefits under the FERS Act whenever the
Board of Actuaries established under 5 U.S.C. 8347(f) revises related
economic assumptions. In May 2022, the Board of Actuaries made such
revisions. Accordingly, OPM must now implement these revisions and is
proposing the corresponding changes, which must go into effect the
first day of the fiscal year. OPM historically has not received
comments on previous iterations of this rulemaking.
Expected Impact of This Rule
OPM is issuing this 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. The factors that are
currently in effect can be found in appendix A to subpart C of part
843.
Of all the applications for survivor annuity death benefits OPM
receives annually, OPM expects this rule to impact approximately one
percent of those survivor annuity death applications it receives that
is based on the death of a separated employee. Of the changes this rule
implements, the most significant change is to conform the factors to
the revised actuarial assumptions when the current or former spouse
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
[[Page 45101]]
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. When OPM updates the FERS
normal cost, the FERS law at 5 U.S.C. 8461(i) requires that OPM make
corresponding changes to the factors used to produce actuarially
equivalent benefits under FERS. Specifically, this rule is needed to
revise the present value conversion factors for certain benefits
payable under FERS to current and former spouses of deceased separated
employees. This rule allows certain survivors to make choices about
what benefits they want to receive and, in some instances, when they
want the benefits to begin. Considering the small number of survivor
annuities affected, OPM does not anticipate this rule will
substantially impact local economies or have a large impact in local
labor markets. However, OPM is requesting comment in this rule
regarding the impact.
Regulatory Review
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). This
rule was not designated as a ``significant regulatory action,'' under
Executive Order 12866 and, therefore, was not reviewed by the Office of
Management and Budget (OMB).
Regulatory Flexibility Act
OPM 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.
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 OMB
Control Number.
This rule involves an OMB approved collection of information
subject to the PRA titled ``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),''
OMB Control Number 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.
Kayyonne Marston,
Federal Register Liaison.
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 continues 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. 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--
------------------------------------------------------------------------
Age of separated employee at birthday before death Multiplier
------------------------------------------------------------------------
26...................................................... .1081
27...................................................... .1146
28...................................................... .1215
29...................................................... .1289
30...................................................... .1367
31...................................................... .1451
32...................................................... .1539
33...................................................... .1634
34...................................................... .1735
35...................................................... .1840
36...................................................... .1954
37...................................................... .2071
38...................................................... .2196
39...................................................... .2326
40...................................................... .2460
41...................................................... .2611
42...................................................... .2772
43...................................................... .2939
44...................................................... .3124
45...................................................... .3314
46...................................................... .3525
47...................................................... .3743
48...................................................... .3978
49...................................................... .4230
50...................................................... .4500
51...................................................... .4792
52...................................................... .5106
53...................................................... .5442
54...................................................... .5804
55...................................................... .6190
56...................................................... .6614
57...................................................... .7070
58...................................................... .7565
59...................................................... .8100
60...................................................... .8680
61...................................................... .9312
------------------------------------------------------------------------
With at least 20, but less than 30 years of creditable service--
------------------------------------------------------------------------
Age of separated employee at birthday before death Multiplier
------------------------------------------------------------------------
36...................................................... .2248
37...................................................... .2383
38...................................................... .2528
39...................................................... .2679
40...................................................... .2835
41...................................................... .3009
42...................................................... .3195
43...................................................... .3389
44...................................................... .3601
45...................................................... .3821
46...................................................... .4064
47...................................................... .4316
48...................................................... .4587
49...................................................... .4878
50...................................................... .5190
[[Page 45102]]
51...................................................... .5526
52...................................................... .5887
53...................................................... .6274
54...................................................... .6691
55...................................................... .7137
56...................................................... .7623
57...................................................... .8149
58...................................................... .8717
59...................................................... .9332
------------------------------------------------------------------------
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 1950
After 1966 through 1966
------------------------------------------------------------------------
46...................................... .4989 .5332
47...................................... .5300 .5665
48...................................... .5634 .6021
49...................................... .5991 .6403
50...................................... .6374 .6813
51...................................... .6786 .7253
52...................................... .7228 .7725
53...................................... .7703 .8232
54...................................... .8213 .8778
55...................................... .8763 .9365
56...................................... .9357 1.0000
------------------------------------------------------------------------
[FR Doc. 2023-14983 Filed 7-13-23; 8:45 am]
BILLING CODE 6325-38-P
