[Federal Register Volume 66, Number 61 (Thursday, March 29, 2001)]
[Notices]
[Page 17222]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-7694]


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DEPARTMENT OF THE TREASURY


Federal Benefit Payments Under Certain District of Columbia 
Retirement Plans

AGENCY: Department of the Treasury, Departmental Offices.

ACTION: Notice.

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SUMMARY: The Department of the Treasury is delaying the effective date 
of its final regulations that would have established the methodology 
for determining the amount of Federal Benefit Payments under the 
provisions of the Balanced Budget Act of 1997, as amended (Act). The 
Act assigns the Secretary of the Treasury responsibility for payment of 
benefits under the District of Columbia (District) retirement plans for 
police and firefighters, and teachers for benefits based on credit for 
service accrued as of June 30, 1997, and under the District retirement 
plan for judges.

FOR FURTHER INFORMATION CONTACT: Harold L. Siegelman, (202) 622-1540, 
Department of the Treasury, Metropolitan Square Building, Room 6033, 
15th and Pennsylvania Avenue, NW, Washington, DC 20220.

SUPPLEMENTARY INFORMATION: In its notice of December 12, 2000, 65 FR 
77500, the Department of the Treasury stated that final regulations 
concerning the methodology for determining Federal Benefit Payments (to 
be codified at 31 CFR 29.102(a)(3) and subpart C of part 29) would be 
effective when the automated pension replacement system being developed 
by Treasury becomes operational, which was expected to occur on March 
31, 2001. Subsequently, to provide enhanced benefits to users and 
annuitants, Treasury decided to acquire an upgraded version of the 
replacement system software. This decision, coupled with the need to 
accommodate integration of the replacement system with systems 
implementation schedules of the government of the District of Columbia, 
protracted the implementation schedule for Treasury's replacement 
system. Because Treasury cannot establish at this time with reasonable 
certainty a date on which the automated pension replacement system will 
be operational, Treasury is postponing indefinitely the effective date 
of the regulations to be codified at 31 CFR 29.102(a)(3) and subpart C 
of part 29. Treasury will provide written notice in the Federal 
Register at least 30 days in advance of the effective date of these 
regulations.

Department of The Treasury.
James J. Flyzik.
Acting Assistant Secretary of the Treasury.
[FR Doc. 01-7694 Filed 3-28-01; 8:45 am]
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