Source: https://www.federalregister.gov/documents/2011/09/07/2011-22873/technical-amendments-to-federal-employees-retirement-system-present-value-conversion-factors-for
Timestamp: 2017-10-21 14:29:39
Document Index: 723982694

Matched Legal Cases: ['ART 843', 'art 843', 'art 843', '§\u2009843', '§\u2009843', '§\u2009843', 'art 843']

Federal Register :: Technical Amendments to Federal Employees' Retirement System; Present Value Conversion Factors for Spouses of Deceased Separated Employees; Corrections
A Rule by the Personnel Management Office on 09/07/2011
Effective on September 7, 2011.
76 FR 55213
55213 (1 page)
2011-22873
PART 843—FEDERAL EMPLOYEE RETIREMENT SYSTEM—DEATH BENEFITS AND EMPLOYEE REFUNDS
https://www.federalregister.gov/d/2011-22873 https://www.federalregister.gov/d/2011-22873
Start Preamble Start Printed Page 55213
The Office of Personnel Management published a final rule in the Federal Register on August 23, 2011, (76 FR 52539) that changed the factor at 5 CFR 843.309(b)(2) used to convert a lump sum basic employee death benefit under 5 U.S.C. 8442(b) to 36 installment payments. The rule inadvertently stated that the revised factor at 5 CFR 843.309(b)(2) applies to deaths occurring on or after October 1, 2004. Section 843.309(b)(2) is being corrected to state that the revised factor applies when an employee's death occurs on or after October 1, 2011. Additionally, the misspelling of the word, “deceased” is being corrected in the heading to Appendix A to subpart C of part 843.
Accordingly, 5 CFR part 843 is corrected by making the following correcting amendments:
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.
2. Amend § 843.309 by revising paragraph (b)(2) to read as follows:
(2) For deaths occurring on or after October 1, 2011, 36 equal monthly installments of 3.01643 percent of the amount of the basic employee death benefit.
3. Revise the Heading of Appendix A to subpart C of part 843 to read as follows:
John Panagakos,
Manager, Retirement Policy.
[FR Doc. 2011-22873 Filed 9-6-11; 8:45 am]