[Federal Register Volume 59, Number 43 (Friday, March 4, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-4921]


  Federal Register / Vol. 59, No. 43 / Friday, March 4, 1994 /
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[[Page Unknown]]

[Federal Register: March 4, 1994]


                                                    VOL. 59, NO. 43

                                              Friday, March 4, 1994
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OFFICE OF PERSONNEL MANAGEMENT

5 CFR Part 837

RIN 3206-AF31

 

Recomputation of Congressional Annuities After Reemployment

AGENCY: Office of Personnel Management.

ACTION: Final rule.

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SUMMARY: The Office of Personnel Management (OPM) is issuing final 
regulations to establish the method used to add cost-of-living 
adjustments (COLA's) to recomputed annuities of former Members of 
Congress who perform additional service after retirement as Members and 
the method for determining that cap on COLA's as it affects these 
former Members and under the Civil Service Retirement System. These 
regulations interpret section 8340 of title 5, United States Code, as 
it affects these computations.

EFFECTIVE DATE: April 4, 1994. These regulations apply to benefits 
based on reemployment that begins on or after the effective date.

FOR FURTHER INFORMATION CONTACT: Harold L. Siegelman, (202) 606-0299.

SUPPLEMENTARY INFORMATION: On November 10, 1993, we published (at 58 FR 
59658) proposed regulations to establish the method used to add cost-
of-living adjustments (COLA's) to recomputed annuities of former 
Members of Congress who perform additional service after retirement as 
Members and the method for determining the cap on COLA's as it affects 
these former Members under the Civil Service Retirement System. We 
received no comments on the proposed regulations.

E.O. 12291, Federal Regulation

    I have determined that is not a major rule as defined under section 
1(b) of E.O. 12291, Federal Regulation.

Regulatory Flexibility Act

    I certify that this regulation will not have a significant economic 
impact on a substantial number of small entities because the regulation 
will only affect former Members of Congress who are reemployed by the 
Government and their survivors.

List of Subjects in 5 CFR Part 837

    Administrative practice and procedure, Claims, Disability benefits, 
Government employees, Intergovernmental relations, Pensions, Reporting 
and recordkeeping requirements, Retirement.

Office of Personnel Management.
James B. King,
Director.

    Accordingly, OPM amends 5 CFR part 837 as follows:

PART 837--REEMPLOYMENT OF ANNUITANTS

    1. The authority citation for part 837 continues to read as 
follows:

    Authority: 5 U.S.C. 8337, 8344, 8347, 8455, 8456, 8461, and 
8468.

Subpart E--Retirement Benefits on Separation

    2. Section 837.505 is added to read as follows:


Sec. 837.505  Cost-of-living adjustments on Member annuities.

    (a) Applying cost-of-living adjustments to recomputed Member 
annuities under CSRS. A member annuity benefit that is recomputed under 
section 8344(d)(1) of title 5, United States Code, which applies to 
certain former Members who become employed in an appointive position 
subject to CSRS, will include the cost-of-living adjustments under 
section 8340 of title 5, United States Code, that are effective after 
the commencing date of the benefit computed under section 8344(d)(1).
    (b) Limitations on cost-of-living adjustments on recomputed Member 
annuities under CSRS. For purposes of determining limitations on cost-
of-living adjustments under section 8340(g) of title 5, United States 
Code, the final (or average) salary of a Member whose benefit has been 
recomputed under section 8344(d)(1) of title 5, United States Code, 
which applies to certain former Members who become employed in an 
appointive position subject to CSRS, will be increased by adjustments 
in the rates of the General Schedule under subpart I of chapter 53 of 
title 5, United States Code, that are effective after the commencing 
date of the benefit computed under section 8344(d)(1)

[FR Doc. 94-4921 Filed 3-3-94; 8:45 am]
BILLING CODE 6325-01-M