[Federal Register Volume 76, Number 173 (Wednesday, September 7, 2011)]
[Rules and Regulations]
[Page 55213]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-22873]



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Rules and Regulations
                                                Federal Register
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Federal Register / Vol. 76, No. 173 / Wednesday, September 7, 2011 / 
Rules and Regulations

[[Page 55213]]



OFFICE OF PERSONNEL MANAGEMENT

5 CFR Part 843

RIN 3206-AM29


Technical Amendments to Federal Employees' Retirement System; 
Present Value Conversion Factors for Spouses of Deceased Separated 
Employees; Corrections

AGENCY: Office of Personnel Management.

ACTION: Correcting amendments.

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SUMMARY: The Office of Personnel Management published a final rule in 
the Federal Register on August 23, 2011, (76 FR 52539) revising 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. That 
change inadvertently stated that the revised factor would apply to 
deaths occurring on or after October 1, 2004. The revised factor, 
however, applies to deaths occurring on or after October 1, 2011. 
Therefore, this document corrects the final regulation by revising this 
date. Additionally, this document corrects a misspelling in the heading 
to Appendix A to subpart C of part 843 that was included with the rule.

DATES: Effective on September 7, 2011.

FOR FURTHER INFORMATION CONTACT: Roxann Johnson, (202) 606-0299.

SUPPLEMENTARY INFORMATION: 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.

List of Subjects in 5 CFR Part 843

    Air traffic controllers, Disability benefits, Firefighters, 
Government employees, Law enforcement officers, Pensions, Retirement.
    Accordingly, 5 CFR part 843 is corrected by making the following 
correcting amendments:

PART 843--FEDERAL EMPLOYEE RETIREMENT SYSTEM--DEATH BENEFITS AND 
EMPLOYEE REFUNDS

0
1. The authority citation for part 843 continues to read as follows:

    Authority:  5 U.S.C. 8461; Sec. Sec.  843.205, 843.208, and 
Sec.  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

0
2. Amend Sec.  843.309 by revising paragraph (b)(2) to read as follows:


Sec.  843.309  Basic employee death benefit.

* * * * *
    (b) * * *
    (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.
* * * * *

0
3. Revise the Heading of 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 Commencing Date of Annuities of Current and Former Spouses 
of Deceased Separated Employees

* * * * *

U.S. Office of Personnel Management.
John Panagakos,
Manager, Retirement Policy.

[FR Doc. 2011-22873 Filed 9-6-11; 8:45 am]
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