[Federal Register Volume 76, Number 23 (Thursday, February 3, 2011)]
[Proposed Rules]
[Pages 6112-6113]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-2464]


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DEPARTMENT OF THE TREASURY

31 CFR Part 29

RIN 1505-AC02


Federal Benefit Payments Under Certain District of Columbia 
Retirement Plans

AGENCY: Departmental Offices, Treasury.

ACTION: Proposed rule; extension of comment period.

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SUMMARY: On November 22, 2010, the Department of the Treasury published 
a proposed rule to amend subpart C of its rules promulgated pursuant to 
the Balanced Budget Act of 1997, as amended (the Act). This notice 
extends the comment period on the proposed rule to April 21, 2011.
    Pursuant to the Act, with certain exceptions, Treasury has 
responsibility for payment of benefits based on service accrued as of 
June 30, 1997, under the retirement plans for District of Columbia 
teachers, police officers, and firefighters. Benefits for service after 
that date, and certain other benefits, are funded by the District of 
Columbia. Subpart C, published in 2000 as part of the final regulations 
to implement the provisions of the Act, establishes the methodology for 
determining the split between the Federal and District obligations. 
Pursuant to regulation, the effective date of subpart C was delayed 
pending completion of Treasury's new automated retirement system, 
``System to Administer Retirement'' (STAR), which replaced the 
District's legacy automated retirement system. While the new system has 
been completed, the proposed amended subpart C will establish 
additional rules and provide additional examples of benefit calculation 
scenarios, the need for which was identified during systems 
development. The amendments to subpart C will have minimal financial 
impact and are introduced to simplify calculations and maintain 
consistency with the general principles established in the original 
regulations.

DATES: Comment due date: April 21, 2011.

ADDRESSES: Treasury invites interested members of the public to submit 
comments on this proposed rule. Comments may be submitted to Treasury 
by any of the following methods: Submit electronic comments through the 
Federal government e-rulemaking portal, http://www.regulations.gov or 
by e-mail to [email protected] or send paper comments to Paul 
Cicchetti, Department of the Treasury, Office of DC Pensions, 
Metropolitan Square Building, Room 6G503, 1500 Pennsylvania Avenue, 
NW., Washington, DC 20220.
    In general, the Treasury will post all comments to http://www.regulations.gov without change, including any business or personal 
information provided such as names, addresses, e-mail addresses, or 
telephone numbers. Treasury will also make such comments available for 
public inspection and copying in the Treasury's Library, Room 1428, 
Main Department Building, 1500 Pennsylvania Avenue, NW., Washington, DC 
20220, on official business days between the hours of 10 a.m. and 5 
p.m. Eastern Time. You can make an appointment to inspect comments by 
telephoning (202) 622-0990. All comments, including attachments and 
other supporting materials received, are part of the public record and 
subject to public disclosure. You should submit only information that 
you wish to make available publicly.

FOR FURTHER INFORMATION CONTACT: Paul Cicchetti, (202) 622-1859, 
Department of the Treasury, Office of DC Pensions, Metropolitan Square 
Building, Room 6G503, 1500 Pennsylvania Avenue, NW., Washington, DC 
20220.

SUPPLEMENTARY INFORMATION: On November 22, 2010, the Department of the 
Treasury published a proposed rule to amend subpart C of its rules 
promulgated pursuant to the Balanced Budget Act of 1997, as amended, 
related to certain payments of retirement benefits under the retirement 
plans for District of Columbia teachers, police officers, and 
firefighters. See 75 FR 71047.

[[Page 6113]]

    The original comment period closed on January 21, 2011. By letter 
dated January 14, 2011, the District of Columbia Retirement Board and 
the District of Columbia Government requested an extension of the 
public comment period for the proposed rule for 90 additional days. The 
DC Fire Fighters Association also requested a 90 day extension. In 
response to these requests, the Department hereby extends the comment 
period for an additional 90 days so that comments are due on or before 
April 21, 2011.

    Dated: January 24, 2011.
Nancy Ostrowski,
Director, Office of DC Pensions.
[FR Doc. 2011-2464 Filed 2-2-11; 8:45 am]
BILLING CODE 4825-10-P