Federal Register / Vol. 80, No. 64 / Friday, April 3, 2015 / Notices 18263 

April 29, 2014, order shall become null 

and void. However, upon written 

application and for good cause shown, 

the October 29, 2015, date may be 

extended by further order. 

This order is effective upon issuance. 

The order of April 29, 2014, as modified 

by this order, remains in full force and 

effect. 

For further details with respect to this 

order, see the submittal dated February 

12, 2015, which is available for public 

inspection at the Commission’s Public 

Document Room (PDR), at One White 

Flint North, 11555 Rockville Pike, Room 

O–1 F21 (First Floor), Rockville, 

Maryland and accessible electronically 

from the Agencywide Documents 

Access and Management System 

(ADAMS) Public Electronic Reading 

Room on the Internet at the NRC Web 

site, http://www.nrc.gov/reading-rm/

adams.html. Persons who do not have 

access to ADAMS or who encounter 

problems in accessing the documents 

located in ADAMS should contact the 

NRC PDR Reference staff by telephone 

at 1–800–397–4209, 301–415–4737, or 

by email to pdr@nrc.gov. 

Dated at Rockville, Maryland, this 27th day 

of March 2015. 

For The Nuclear Regulatory Commission. 

Glenn M. Tracy, 

Director, Office of New Reactors. 

[FR Doc. 2015–07710 Filed 4–2–15; 8:45 am] 

BILLING CODE 7590–01–P 

NUCLEAR REGULATORY 

COMMISISON 

[NRC–2015–0076] 

Privacy Act of 1974; Republication of 

Systems of Records Notices; 

Correction 

AGENCY: Nuclear Regulatory 

Commission. 

ACTION: Republication of systems of 

records notices; request for comment; 

correction. 

SUMMARY: The U.S. Nuclear Regulatory 

Commission (NRC) is correcting a notice 

that was published in the Federal 

Register (FR) on March 30, 2015, 

regarding republication of systems of 

records notices. This action is necessary 

to correct the Docket ID. 

DATES: The correction is effective April 

3, 2015. 

ADDRESSES: Please refer to Docket ID 

NRC–2015–0076 when contacting the 

NRC about the availability of 

information regarding this document. 

You may obtain publicly-available 

information related to this document 

using any of the following methods: 

• Federal Rulemaking Web site: Go to 

http://www.regulations.gov and search 

for Docket ID NRC–2015–0076. Address 

questions about NRC dockets to Carol 

Gallagher; telephone: 301–415–3463; 

email: Carol.Gallagher@nrc.gov. For 

technical questions, contact the 

individual listed in the FOR FURTHER

INFORMATION CONTACT section of this 

document. 

• NRC’s Agencywide Documents 

Access and Management System 

(ADAMS): You may obtain publicly 

available documents online in the 

ADAMS Public Documents collection at 

http://www.nrc.gov/reading-rm/

adams.html. To begin the search, select 

‘‘ADAMS Public Documents’’ and then 

select ‘‘Begin Web-based ADAMS 

Search.’’ For problems with ADAMS, 

please contact the NRC’s Public 

Document Room (PDR) reference staff at 

1–800–397–4209, 301–415–4737, or by 

email to pdr.resource@nrc.gov. The 

ADAMS accession number for each 

document referenced in this document 

(if that document is available in 

ADAMS) is provided the first time that 

a document is referenced. 

• NRC’s PDR: You may examine and 

purchase copies of public documents at 

the NRC’s PDR, Room O1–F21, One 

White Flint North, 11555 Rockville 

Pike, Rockville, Maryland 20852. 

FOR FURTHER INFORMATION CONTACT: 

Sally Hardy, Office of Information 

Services, U.S. Nuclear Regulatory 

Commission, Washington, DC 20555– 

0001, telephone: 301–415–5607; email: 

Sally.Hardy@nrc.gov. 

SUPPLEMENTARY INFORMATION: In the FR 

of March 30, 2015, in FR Doc. 2015– 

07186, on page 16924, in the heading 

and in the second, sixth, and seventh 

paragraphs of the second column, and 

in the second paragraph of the third 

column, ‘‘NRC–2015–0072’’ is corrected 

to read ‘‘NRC–2015–0076.’’ 

Dated at Rockville, Maryland, this 30th day 

of March, 2015. 

For the Nuclear Regulatory Commission. 

Cindy Bladey, 

Chief, Rules, Announcements, and Directives 

Branch, Division of Administrative Services, 

Office of Administration. 

[FR Doc. 2015–07703 Filed 4–2–15; 8:45 am] 

BILLING CODE 7590–01–P 

OFFICE OF PERSONNEL 

MANAGEMENT 

Civil Service Retirement System; 

Present Value Factors 

AGENCY: Office of Personnel 

Management. 

ACTION: Notice. 

SUMMARY: The Office of Personnel 

Management (OPM) is providing notice 

of adjusted present value factors 

applicable to retirees under the Civil 

Service Retirement System (CSRS) who 

elect to provide survivor annuity 

benefits to a spouse based on postretirement marriage; to retiring 

employees who elect the alternative 

form of annuity, owe certain redeposits 

based on refunds of contributions for 

service ending before March 1, 1991, or 

elect to credit certain service with 

nonappropriated fund instrumentalities; 

or, for individuals with certain types of 

retirement coverage errors who can elect 

to receive credit for service by taking an 

actuarial reduction under the provisions 

of the Federal Erroneous Retirement 

Coverage Correction Act. This notice is 

necessary to conform the present value 

factors to changes in the economic and 

demographic assumptions adopted by 

the Board of Actuaries of the Civil 

Service Retirement System. 

DATES: The revised present value factors 

apply to survivor reductions or 

employee annuities that commence on 

or after October 1, 2015. 

ADDRESSES: Send requests for actuarial 

assumptions and data to the Board of 

Actuaries, care of Gregory Kissel, Senior 

Actuary, Office of Planning and Policy 

Analysis, Office of Personnel 

Management, Room 4307, 1900 E Street 

NW., Washington, DC 20415. 

FOR FURTHER INFORMATION CONTACT: 

Karla Yeakle, (202) 606–0299. 

SUPPLEMENTARY INFORMATION: Several 

provisions of CSRS require reduction of 

annuities on an actuarial basis. Under 

each of these provisions, OPM is 

required to issue regulations on the 

method of determining the reduction to 

ensure that the present value of the 

reduced annuity plus a lump-sum 

equals, to the extent practicable, the 

present value of the unreduced benefit. 

The regulations for each of these 

benefits provide that OPM will publish 

a notice in the Federal Register 

whenever it changes the factors used to 

compute the present values of these 

benefits. 

Section 831.2205(a) of title 5, Code of 

Federal Regulations, prescribes the 

method for computing the reduction in 

the beginning rate of annuity payable to 

a retiree who elects an alternative form 

of annuity under 5 U.S.C. 8343a. That 

reduction is required to produce an 

annuity that is the actuarial equivalent 

of the annuity of a retiree who does not 

elect an alternative form of annuity. The 

present value factors listed below are 

used to compute the annuity reduction 

under section 831.2205(a) of title 5, 

Code of Federal Regulations. 


asabaliauskas on DSK5VPTVN1PROD with NOTICES
18264 Federal Register / Vol. 80, No. 64 / Friday, April 3, 2015 / Notices 

Section 831.303(c) of title 5, Code of 

Federal Regulations, prescribes the use 

of these factors for computing the 

reduction to complete payment of 

certain redeposits of refunded 

deductions based on periods of service 

that ended before March 1, 1991, under 

section 8334(d)(2) of title 5, United 

States Code; section 1902 of the 

National Defense Authorization Act for 

Fiscal Year 2010, Public Law 111–84. 

Section 831.663 of Title 5, Code of 

Federal Regulations, prescribes the use 

of similar factors for computing the 

reduction required for certain elections 

to provide survivor annuity benefits 

based on a post-retirement marriage 

under section 8339(j)(5)(C) or (k)(2) of 

title 5, United States Code. Under 

section 11004 of the Omnibus Budget 

Reconciliation Act of 1993, Public Law 

103–66, effective October 1, 1993, OPM 

ceased collection of these survivor 

election deposits by means of either a 

lump-sum payment or installments. 

Instead, OPM is required to establish a 

permanent actuarial reduction in the 

annuity of the retiree. This means that 

OPM must take the amount of the 

deposit computed under the old law 

and translate it into a lifetime reduction 

in the retiree’s benefit. 

Subpart F of part 847 of title 5, Code 

of Federal Regulations, prescribes the 

use of similar factors for computing the 

deficiency the retiree must pay to 

receive credit for certain service with 

nonappropriated fund instrumentalities 

made creditable by an election under 

section 1043 of Public Law 104–106. 

Subpart I of part 847 of title 5, Code of 

Federal Regulations, prescribes the use 

of present value factors for employees 

that elect to credit nonappropriated 

fund instrumentality service to qualify 

for immediate retirement under section 

1132 of Public Law 107–107. 

Sections 839.1114–1121 of title 5, 

Code of Federal Regulations, prescribes 

the use of these factors for computing 

the reduction required for certain 

service credit deposits, Government 

Thrift Savings Plan contributions, or for 

previous payment of the FERS Basic 

Employee Death Benefit in annuities 

subject to the Federal Erroneous 

Retirement Coverage Corrections Act 

(FERCCA) under the provisions of 

Public Law 106–265. Retirees and 

survivors who owe a larger deposit 

because of a retirement coverage error 

can choose to pay the additional deposit 

amount or their annuity will be 

actuarially reduced to account for the 

deposit amount that remains unpaid. 

Additionally, retirees and survivors of 

deceased employees who received 

Government contributions to their Thrift 

Savings Plan account after being 

corrected to FERS and who later elect 

CSRS Offset under FERCCA keep the 

Government contributions and 

associated earnings in their Thrift 

Savings Plan account. Instead of 

adjusting the Thrift Savings Plan 

account, FERCCA requires that the 

CSRS-Offset annuity be actuarially 

reduced. Also, survivors that received 

the FERS Basic Employee Death Benefit 

and elect CSRS Offset under FERCCA 

do not have to pay back the Basic 

Employee Death Benefit. Instead, OPM 

actuarially reduces the survivor annuity 

payable. These reductions under 

FERCCA allow the annuity to be 

actuarially reduced in a way that, on 

average, allows the Fund to recover the 

amount of the missing lump sum over 

the recipient’s lifetime. 

The present value factors currently in 

effect were published by OPM (79 FR 

29225) on May 21, 2014. On April 3, 

2015, OPM published a notice to revise 

the normal cost percentage under the 

Federal Employees’ Retirement System 

(FERS) Act of 1986, Public Law 99–335, 

based on changed demographic 

assumptions adopted by the Board of 

Actuaries of the CSRS. Those changes 

require corresponding changes in CSRS 

normal costs and present value factors 

used to produce actuarially equivalent 

benefits when required by the Civil 

Service Retirement Act. The revised 

factors will become effective on October 

1, 2015, to correspond with the changes 

in CSRS normal cost percentages. For 

alternative forms of annuity and 

redeposits of employee contributions, 

the new factors will apply to annuities 

that commence on or after October 1, 

2015. See 5 CFR 831.2205 and 

831.303(c). For survivor election 

deposits, the new factors will apply to 

survivor reductions that commence on 

or after October 1, 2015. See 5 CFR 

831.663(c) and (d). For obtaining credit 

for service with certain nonappropriated 

fund instrumentalities, the new factors 

will apply to cases in which the date of 

computation under sections 847.603 or 

847.809 of title 5, Code of Federal 

Regulations, is on or after October 1, 

2015. See 5 CFR § 847.602(c), 847.603, 

and 847.809. For retirement coverage 

corrections under FERCCA, the new 

factors will apply to annuities that 

commence on or after October 1, 2015, 

or in the case of previous payment of 

the Basic Employee Death Benefit, the 

new factors will apply to deaths 

occurring on or after October 1, 2015. 

See 5 CFR 839.1114–1121 and 5 CFR 

831.303(d). 

OPM is, therefore, revising the tables 

of present value factors to read as 

follows: 

CSRS PRESENT VALUE FACTORS APPLICABLE TO ANNUITY PAYABLE FOLLOWING AN ELECTION UNDER SECTION 8339(J) OR (K) OR SECTION

8343A OF TITLE 5, UNITED STATES

CODE, OR UNDER SECTION 1043 OF

PUBLIC LAW 104–106 OR UNDER

SECTION 1132 OF PUBLIC LAW 107– 

107 OR UNDER FERCCA OR FOLLOWING A REDEPOSIT UNDER SECTION 8334(D)(2) OF TITLE 5, UNITED

STATES CODE

Age Present value 

factor 

40 .......................................... 329.9 

41 .......................................... 325.9 

42 .......................................... 321.8 

43 .......................................... 317.5 

44 .......................................... 313.1 

45 .......................................... 308.5 

46 .......................................... 303.8 

47 .......................................... 299.0 

48 .......................................... 294.2 

49 .......................................... 289.4 

50 .......................................... 284.5 

51 .......................................... 279.6 

52 .......................................... 274.5 

53 .......................................... 269.2 

54 .......................................... 263.7 

55 .......................................... 258.0 

56 .......................................... 252.1 

57 .......................................... 246.2 

58 .......................................... 240.1 

59 .......................................... 233.8 

60 .......................................... 227.5 

61 .......................................... 221.1 

62 .......................................... 214.6 

63 .......................................... 208.0 

64 .......................................... 201.3 

65 .......................................... 194.6 

66 .......................................... 187.9 

67 .......................................... 181.1 

68 .......................................... 174.3 

69 .......................................... 167.5 

70 .......................................... 160.6 

71 .......................................... 153.8 

72 .......................................... 147.0 

73 .......................................... 140.2 

74 .......................................... 133.5 

75 .......................................... 126.9 

76 .......................................... 120.5 

77 .......................................... 114.2 

78 .......................................... 108.0 

79 .......................................... 102.0 

80 .......................................... 96.2 

81 .......................................... 90.5 

82 .......................................... 85.1 

83 .......................................... 79.8 

84 .......................................... 74.8 

85 .......................................... 69.9 

86 .......................................... 65.3 

87 .......................................... 60.8 

88 .......................................... 56.6 

89 .......................................... 52.6 

90 .......................................... 48.8 

91 .......................................... 45.4 

92 .......................................... 42.2 

93 .......................................... 39.2 

94 .......................................... 36.5 

95 .......................................... 34.2 

96 .......................................... 32.1 

97 .......................................... 30.2 


asabaliauskas on DSK5VPTVN1PROD with NOTICES
Federal Register / Vol. 80, No. 64 / Friday, April 3, 2015 / Notices 18265 

CSRS PRESENT VALUE FACTORS APPLICABLE TO ANNUITY PAYABLE FOLLOWING AN ELECTION UNDER SECTION 8339(J) OR (K) OR SECTION

8343A OF TITLE 5, UNITED STATES

CODE, OR UNDER SECTION 1043 OF

PUBLIC LAW 104–106 OR UNDER

SECTION 1132 OF PUBLIC LAW 107– 

107 OR UNDER FERCCA OR FOLLOWING A REDEPOSIT UNDER SECTION 8334(D)(2) OF TITLE 5, UNITED

STATES CODE—Continued 

Age Present value 

factor 

98 .......................................... 28.4 

99 .......................................... 26.7 

100 ........................................ 25.1 

101 ........................................ 23.9 

102 ........................................ 22.6 

103 ........................................ 21.3 

104 ........................................ 20.3 

105 ........................................ 19.5 

106 ........................................ 18.5 

107 ........................................ 16.5 

108 ........................................ 12.9 

109 ........................................ 6.4 

CSRS PRESENT VALUE FACTORS APPLICABLE TO ANNUITY PAYABLE FOLLOWING AN ELECTION UNDER SECTION 1043 OF PUBLIC LAW 104–106 

OR UNDER SECTION 1132 OF PUBLIC LAW 107–107 OR UNDER

FERCCA 

[For ages at calculation below 40] 

Age at calculation 

Present value 

of a monthly 

annuity 

17 .......................................... 402.6 

18 .......................................... 400.1 

19 .......................................... 397.6 

20 .......................................... 395.0 

21 .......................................... 392.3 

22 .......................................... 389.6 

23 .......................................... 386.8 

24 .......................................... 384.0 

25 .......................................... 381.1 

26 .......................................... 378.2 

27 .......................................... 375.2 

28 .......................................... 372.1 

29 .......................................... 369.0 

30 .......................................... 365.8 

31 .......................................... 362.5 

32 .......................................... 359.2 

33 .......................................... 355.8 

34 .......................................... 352.4 

35 .......................................... 348.8 

36 .......................................... 345.2 

37 .......................................... 341.5 

38 .......................................... 337.7 

39 .......................................... 333.9 

U.S. Office of Personnel Management. 

Katherine Archuleta, 

Director. 

[FR Doc. 2015–07677 Filed 4–2–15; 8:45 am] 

BILLING CODE 6325–38–P 

OFFICE OF PERSONNEL 

MANAGEMENT 

Federal Employees’ Retirement 

System; Present Value Factors 

AGENCY: Office of Personnel 

Management. 

ACTION: Notice. 

SUMMARY: The Office of Personnel 

Management (OPM) is providing notice 

of adjusted present value factors 

applicable to retirees who elect to 

provide survivor annuity benefits to a 

spouse based on post-retirement 

marriage, and to retiring employees who 

elect the alternative form of annuity or 

elect to credit certain service with 

nonappropriated fund instrumentalities. 

This notice is necessary to conform the 

present value factors to changes in the 

economic and demographic 

assumptions adopted by the Board of 

Actuaries of the Civil Service 

Retirement System. 

DATES: The revised present value factors 

apply to survivor reductions or 

employee annuities that commence on 

or after October 1, 2015. 

ADDRESSES: Send requests for actuarial 

assumptions and data to the Board of 

Actuaries, care of Gregory Kissel, Senior 

Actuary, Office of Planning and Policy 

Analysis, Office of Personnel 

Management, Room 4307, 1900 E Street 

NW., Washington, DC 20415. 

FOR FURTHER INFORMATION CONTACT: 

Karla Yeakle, (202) 606–0299. 

SUPPLEMENTARY INFORMATION: Several 

provisions of the Federal Employees’ 

Retirement System (FERS) require 

reduction of annuities on an actuarial 

basis. Under each of these provisions, 

OPM is required to issue regulations on 

the method of determining the 

reduction to ensure that the present 

value of the reduced annuity plus a 

lump-sum equals, to the extent 

practicable, the present value of the 

unreduced benefit. The regulations for 

each of these benefits provide that OPM 

will publish a notice in the Federal 

Register whenever it changes the factors 

used to compute the present values of 

these benefits. 

Section 842.706(a) of title 5, Code of 

Federal Regulations, prescribes the 

method for computing the reduction in 

the beginning rate of annuity payable to 

a retiree who elects an alternative form 

of annuity under 5 U.S.C. 8420a. That 

reduction is required to produce an 

annuity that is the actuarial equivalent 

of the annuity of a retiree who does not 

elect an alternative form of annuity. The 

present value factors listed below are 

used to compute the annuity reduction 

under 5 CFR 842.706(a). 

Section 842.615 of title 5, Code of 

Federal Regulations, prescribes the use 

of these factors for computing the 

reduction required for certain elections 

to provide survivor annuity benefits 

based on a post-retirement marriage or 

divorce under 5 U.S.C. 8416(b), 8416(c), 

or section 8417(b). Under section 11004 

of the Omnibus Budget Reconciliation 

Act of 1993, Public Law 103–66, 

effective October 1, 1993, OPM ceased 

collection of these survivor election 

deposits by means of either a lump-sum 

payment or installments. Instead, OPM 

is required to establish a permanent 

actuarial reduction in the annuity of the 

retiree. This means that OPM must take 

the amount of the deposit computed 

under the old law and translate it into 

a lifetime reduction in the retiree’s 

benefit. 

Subpart F of part 847 of title 5, Code 

of Federal Regulations, prescribes the 

use of present value factors for 

computing the deficiency the retiree 

must pay to receive credit for certain 

service with nonappropriated fund 

instrumentalities made creditable by an 

election under section 1043 of Public 

Law 104–106. Subpart I of part 847 of 

title 5, Code of Federal Regulations, 

prescribes the use of present value 

factors for employees that elect to credit 

nonappropriated fund instrumentality 

service to qualify for immediate 

retirement under section 1132 of Public 

Law 107–107. 

OPM published the present value 

factors currently in effect on May 21, 

2014, at 79 FR 29222 and on April 3, 

2015, OPM published a notice to revise 

the normal cost percentage under the 

Federal Employees’ Retirement System 

(FERS) Act of 1986, Public Law 99–335, 

based on changed demographic 

assumptions adopted by the Board of 

Actuaries of the Civil Service 

Retirement System. Under 5 U.S.C. 

8461(i), those changes require 

corresponding changes in the present 

value factors used to produce actuarially 

equivalent benefits when required by 

the FERS Act. The revised factors will 

become effective on October 1, 2015, to 

correspond with the changes in FERS 

normal cost percentages. For alternative 

forms of annuity, the new factors will 

apply to annuities that commence on or 

after October 1, 2015. See 5 CFR 

842.706. For survivor election deposits, 

the new factors will apply to survivor 


asabaliauskas on DSK5VPTVN1PROD with NOTICES