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OPM | RIN: 3206-AN74 | Publication ID: Fall 2018 |
Title: ●Federal Employees' Retirement System' Annuity Supplement | |
Abstract:
The U.S. Office of Personnel Management (OPM) is proposing to amend 5 CFR 842.504 and 5 CFR 843.308 to comply with the statutory language requiring a specific calculation for the earnings ratio when a full year of service subject to the Federal Employees’ Retirement System (FERS) was not performed. The current regulation does not conform to the statutory language in that it does not direct calculation of the annuity supplement using basic pay from the first full year of service following a break in service. This rule clarifies that OPM calculates a new earnings ratio after each break in FERS civilian service. The rule also clarifies that the same calculation applies to the supplementary annuity paid to survivors of deceased retirees. |
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Agency: Office of Personnel Management(OPM) | Priority: Other Significant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Fully or Partially Exempt | |
CFR Citation: 5 CFR 842 5 CFR 843 | |
Legal Authority: 5 U.S.C. 8421 5 U.S.C. 8442 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: Federal |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Cynthia Reinhold Retirement Services Office of Personnel Management 1900 E Street NW, Washington, DC 20415 Phone:202 606-0299 Email: cynthia.reinhold@opm.gov |