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 Office of Personnel Management 5 CFR Part 843
RIN 3206-AM99
 AGENCY: Office of Personnel Management.
 ACTION: Final rule.
 SUMMARY: The Office of Personnel Management (OPM) is adopting its proposed rule to revise the table of reduction factors for early commencing dates of survivor annuities for spouses of separated employees who die before the date on which they would be eligible for unreduced deferred annuities, and to revise the annuity factor for spouses of deceased employees who die in service when those spouses elect to receive the basic employee death benefit in 36 installments under the Federal Employees' Retirement System (FERS) Act of 1986. These rules are necessary to ensure that the tables conform to the economic and demographic assumptions adopted by the Board of 
                        ( print page 66279)
                        Actuaries and published in the 
                        **Federal Register**
                         on May 21, 2014, as required by 5 U.S.C. 8461(i).
 DATES: This rule becomes effective on November 7, 2014.
 FOR FURTHER INFORMATION CONTACT: Roxann Johnson, (202) 606-0299.


SUPPLEMENTARY INFORMATION: On May 21, 2014, OPM published at 79 FR 29224, a notice in the 
                    **Federal Register**
                     to revise the normal cost percentages under the Federal Employees' Retirement System (FERS) Act of 1986, Public Law 99-335, 100 Stat. 514, as amended, based on economic assumptions and demographic factors adopted by the Board of Actuaries of the Civil Service Retirement System. Under 5 U.S.C. 8461(i), the demographic factors and economic assumptions require corresponding changes in factors used to produce actuarially equivalence when required by the FERS Act. As a result, on July 18, 2014, at 79 FR 41929, OPM published a proposed rule in the 
                    **Federal Register**
                     to revise the table of reduction factors in Appendix A to subpart C of part 843, Code of Federal Regulations, for early commencing dates of survivor annuities for spouses of separated employees who die before the date on which they would be eligible for unreduced deferred annuities, and to revise the annuity factor for spouses of deceased employees who die in service when those spouses elect to receive the basic employee death benefit in 36 installments under 5 CFR 843.309. OPM received no written comments on the proposed rule. Executive Order 12866, Regulatory Review This rule has been reviewed by the Office of Management and Budget in accordance with Executive Order (E.O.) 12866, as amended by E.O. 13258 and E.O. 13422. 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 retirement payments to surviving current and former spouses of former employees and Members who separated from Federal service with title to a deferred annuity. List of Subjects in 5 CFR Part 843 Air traffic controllers
Disability benefits
Firefighters
Government employees
Law enforcement officers
Pensions
Retirement
 U.S. Office of Personnel Management. Katherine Archuleta, Director.
 For the reasons stated in the preamble, the Office of Personnel Management amends 5 CFR part 843 as follows: PART 843—FEDERAL EMPLOYEES RETIREMENT SYSTEM—DEATH BENEFITS AND EMPLOYEE REFUNDS
 1.The authority citation for part 843 continues to read as follows: Authority:
                        5 U.S.C. 8461; §§ 843.205, 843.208, and 843.209 also issued under 5 U.S.C. 8424; § 843.309 also issued under 5 U.S.C. 8442; § 843.406 also issued under 5 U.S.C. 8441. Subpart C—Current and Former Spouse Benefits
 2.In § 843.309, revise paragraph (b)(2) to read as follows: § 843.309
  
 (b) * * * (2) For deaths occurring on or after October 1, 2014, 36 equal monthly installments of 2.99522 percent of the amount of the basic employee death benefit.
 
 3.Revise Appendix A to subpart C of part 843 to read as follows: Appendix A to Subpart C of Part 843—Present Value Conversion Factors for Earlier Comencing Date of Annuities of Current and Former Spouses of Deceased Separated Employees With at least 10 but less than 20 years of creditable service— Age of separated employee at birthday before death
Multiplier26
.063827
.070028
.076429
.083130
.090231
.097832
.105833
.114234
.123335
.133136
.143537
.154738
.166739
.179440
.193141
.207942
.223643
.240644
.258845
.278446
.299347
.321848
.346349
.372550
.400851
.431352
.464453
.500154
.538755
.580656
.626257
.675658
.729559
.788260
.852561
.9228
 With at least 20, but less than 30 years of creditable service— Age of separated employee at birthday before death
Multiplier36
.169337
.182538
.196639
.211640
.227641
.244942
.263443
.283344
.304745
.327646
.352347
.378748
.407349
.438050
.471251
.507052
.545753
.587554
.632755
.681856
.735157
.793058
.856059
.9248
 With at least 30 years of creditable service— Age of 
                                 separated  
                                 employee  
                                 at birthday  
                                 before death
Multiplier by separated
                                 employee's year of birthAfter 1966
From 1950 through 196646
.4457
.481147
.4790
.517048
.5151
.555949
.5538
.597650
.5955
.642651
.6405
.691152
.6892
.743553
.7417
.800154
.7986
.861455
.8603
.927956
.9272
1.0000


[FR Doc. 2014-26469 Filed 11-6-14; 8:45 am] BILLING CODE 6325-38-P