[Federal Register Volume 59, Number 143 (Wednesday, July 27, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-18263]
Federal Register / Vol. 59, No. 143 / Wednesday, July 27, 1994 /
[[Page Unknown]]
[Federal Register: July 27, 1994]
VOL. 59, NO. 143
Wednesday, July 27, 1994
OFFICE OF PERSONNEL MANAGEMENT
5 CFR Parts 831, 838, 841, 842, and 890
RIN 3206-AG13
Federal Employees Retirement System--General Administration;
Government Costs
AGENCY: Office of Personnel Management.
ACTION: Final rule.
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SUMMARY: The Office of Personnel Management (OPM) is updating the table
of normal cost percentages that Federal agencies pay to finance the
Federal Employees Retirement System (FERS). This regulation is
necessary for the table to reflect the changes in the rates that are
effective in October 1994.
EFFECTIVE DATE: August 26, 1994.
FOR FURTHER INFORMATION CONTACT:
Harold L. Siegelman, (202) 606-0299.
SUPPLEMENTARY INFORMATION: On September 21, 1993, OPM published in the
Federal Register a notice changing the normal cost percentages
effective in October 1994. Subpart D of Part 841 of Title 5, Code of
Federal Regulations, contains the methodology that OPM uses to
determine the rates that agencies must pay to fund the cost of the
Federal Employees Retirement System (FERS) and the procedures that OPM
must follow to change the rates. Under those procedures, OPM must
publish a notice of changes in the rates at least 3 months before the
beginning of the fiscal year in which the new rates become effective.
Appendix A to Subpart D of Part 841 contains a table of the normal
cost percentages. This table has no regulatory effect. It merely
provides information about the rates. This final rule amends that table
to reflect the rates that will become effective in October 1994.
Under section 553(b)(3)(B) of title 5, United States Code, I find
that good cause exists for waiving the general notice of proposed
rulemaking. Notice of proposed rulemaking is unnecessary because this
final rule merely provides information and has no regulatory effect.
Correction of Prior Notice of Final Rulemaking
On March 16, 1994, OPM published (59 FR 12143) a final rule
concerning payment of survivor deposits by actuarial reduction. (FR
Doc. 94-6046) This document adopted OPM's interim rule on that subject
as final rules. In two places, reference to the page number for the
interim rule was stated incorrectly. In both places, the incorrect
reference to 58 FR 56877 is corrected to 58 FR 52877.
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
only provides information about the rate of payment by Federal agencies
to OPM for the normal cost of their employees' FERS benefits.
List of Subjects in 5 CFR Part 841
Administrative practice and procedure, Claims, Disability benefits,
Firefighters, Government employees, Income taxes, Intergovernmental
relations, Law enforcement officers, Pensions, Retirement.
U.S. Office of Personnel Management.
Lorraine A. Green,
Deputy Director.
Accordingly, OPM is amending Part 841 of Title 5, Code of Federal
Regulations, 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; subpart D also issued under 5 U.S.C. 8423,;
Sec. 841.504 also issued under 5 U.S.C. 8422; Sec. 841.506 also
issued under 5 U.S.C. 7701(b)(2); Sec. 841.507 also issued under
section 505 of Pub. L. 99-335; Sec. 841.508 also issued under
section 505 of Pub. L. 99-335; subpart J also issued under 5 U.S.C.
8469.
Subpart D--Government Costs
2. Appendix A to Subpart D of Part 841 is revised to read as
follows:
Appendix A to Subpart D of Part 841.--Table of Normal Cost Percentages
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Government-wide normal cost percentages effective at the
beginning of the first pay period commencing on or after--
Category of employees ---------------------------------------------------------------
January 1, October 1, October 1, October 1,
1987 1987 1991 1994
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Members......................................... 23.5 20.9 20.8 19.1
Congressional employees......................... 23.8 20.2 20.1 18.2
Law enforcement officers, firefighters, and
employees under section 302 of the Central
Intelligence Agency Act of 1964 for Certain
Employees...................................... 31.2 26.7 28.6 25.6
Air traffic controllers......................... 33.3 28.4 26.2 23.2
Military reserve technicians.................... 16.0 13.7 13.3 12.1
Employees under section 303 of the Central
Intelligence Agency Act of 1964 for Certain
Employees when serving abroad.................. 22.8 19.0 19.1 17.1
All other employees............................. 16.1 13.8 13.7 12.2
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All normal cost percentages in the above table include employee contributions.
[FR Doc. 94-18263 Filed 7-26-94; 8:45 am]
BILLING CODE 6325-01-M