Federal Employees’ Retirement System; Present Value Conversion Factors for Spouses of Deceased Separated Employees
Final rule.
CFR Part: "5 CFR Part 843"
RIN Number: "RIN 3206-AN82"
Citation: "84 FR 49635"
Page Number: "49635"
"Rules and Regulations"
Agency: "
SUMMARY:
DATES: This rule becomes effective on
FOR FURTHER INFORMATION CONTACT:
SUPPLEMENTARY INFORMATION: On
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). This rule is not a significant regulatory action, under Executive Order 12866 and was not reviewed by OMB. This rule is not a major rule under 5 U.S.C. 804.
Reducing Regulation and Controlling Regulatory Costs
This rule is not an E.O. 13771 regulatory action because this rule is not a significant regulatory action under E.O. 12866.
Regulatory Flexibility Act
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
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
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.
Federal Register Liaison.
For the reasons stated in the preamble, the
PART 843--FEDERAL EMPLOYEES RETIREMENT SYSTEM--DEATH BENEFITS AND EMPLOYEE REFUNDS
1. The authority citation for part 843 continues to read as follows:
Authority:5 U.S.C. 8461; [Sec.]
Subpart C--Current and Former Spouse Benefits
2. In
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(b) * * *
(2) For deaths occurring on or after
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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
Age of separated employee at birthday before death Multiplier With at least 10 but less than 20 years of creditable service- 26 .0998 27 .1068 28 .1138 29 .1214 30 .1291 31 .1375 32 .1463 33 .1555 34 .1651 35 .1755 36 .1867 37 .1986 38 .2113 39 .2247 40 .2390 41 .2540 42 .2701 43 .2875 44 .3057 45 .3252 46 .3460 47 .3680 48 .3917 49 .4171 50 .4445 51 .4739 52 .5055 53 .5393 54 .5758 55 .6151 56 .6578 57 .7037 58 .7536 59 .8076 60 .8663 61 .9302 With at least 20, but less than 30 years of creditable service- 36 .2153 37 .2291 38 .2436 39 .2592 40 .2756 41 .2930 42 .3116 43 .3316 44 .3527 45 .3752 46 .3992 47 .4247 48 .4521 49 .4814 50 .5131 51 .5470 52 .5834 53 .6225 54 .6646 55 .7100 56 .7592 57 .8123 58 .8698 59 .9322
Multiplier by separated employee's year of birth Age of separated employee at birthday before death After 1966 From 1950 through 1966 With at least 30 years of creditable service- 46 .4912 .5254 47 .5226 .5591 48 .5564 .5953 49 .5926 .6340 50 .6316 .6757 51 .6733 .7203 52 .7181 .7683 53 .7663 .8199 54 .8182 .8754 55 .8741 .9353 56 .9346 1.0000
[FR Doc. 2019-20124 Filed 9-20-19;
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