[Federal Register Volume 59, Number 43 (Friday, March 4, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-4921]
Federal Register / Vol. 59, No. 43 / Friday, March 4, 1994 /
[[Page Unknown]]
[Federal Register: March 4, 1994]
VOL. 59, NO. 43
Friday, March 4, 1994
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OFFICE OF PERSONNEL MANAGEMENT
5 CFR Part 837
RIN 3206-AF31
Recomputation of Congressional Annuities After Reemployment
AGENCY: Office of Personnel Management.
ACTION: Final rule.
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SUMMARY: The Office of Personnel Management (OPM) is issuing final
regulations to establish the method used to add cost-of-living
adjustments (COLA's) to recomputed annuities of former Members of
Congress who perform additional service after retirement as Members and
the method for determining that cap on COLA's as it affects these
former Members and under the Civil Service Retirement System. These
regulations interpret section 8340 of title 5, United States Code, as
it affects these computations.
EFFECTIVE DATE: April 4, 1994. These regulations apply to benefits
based on reemployment that begins on or after the effective date.
FOR FURTHER INFORMATION CONTACT: Harold L. Siegelman, (202) 606-0299.
SUPPLEMENTARY INFORMATION: On November 10, 1993, we published (at 58 FR
59658) proposed regulations to establish the method used to add cost-
of-living adjustments (COLA's) to recomputed annuities of former
Members of Congress who perform additional service after retirement as
Members and the method for determining the cap on COLA's as it affects
these former Members under the Civil Service Retirement System. We
received no comments on the proposed regulations.
E.O. 12291, Federal Regulation
I have determined that is not a major rule as defined under section
1(b) of E.O. 12291, Federal Regulation.
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 former Members of Congress who are reemployed by the
Government and their survivors.
List of Subjects in 5 CFR Part 837
Administrative practice and procedure, Claims, Disability benefits,
Government employees, Intergovernmental relations, Pensions, Reporting
and recordkeeping requirements, Retirement.
Office of Personnel Management.
James B. King,
Director.
Accordingly, OPM amends 5 CFR part 837 as follows:
PART 837--REEMPLOYMENT OF ANNUITANTS
1. The authority citation for part 837 continues to read as
follows:
Authority: 5 U.S.C. 8337, 8344, 8347, 8455, 8456, 8461, and
8468.
Subpart E--Retirement Benefits on Separation
2. Section 837.505 is added to read as follows:
Sec. 837.505 Cost-of-living adjustments on Member annuities.
(a) Applying cost-of-living adjustments to recomputed Member
annuities under CSRS. A member annuity benefit that is recomputed under
section 8344(d)(1) of title 5, United States Code, which applies to
certain former Members who become employed in an appointive position
subject to CSRS, will include the cost-of-living adjustments under
section 8340 of title 5, United States Code, that are effective after
the commencing date of the benefit computed under section 8344(d)(1).
(b) Limitations on cost-of-living adjustments on recomputed Member
annuities under CSRS. For purposes of determining limitations on cost-
of-living adjustments under section 8340(g) of title 5, United States
Code, the final (or average) salary of a Member whose benefit has been
recomputed under section 8344(d)(1) of title 5, United States Code,
which applies to certain former Members who become employed in an
appointive position subject to CSRS, will be increased by adjustments
in the rates of the General Schedule under subpart I of chapter 53 of
title 5, United States Code, that are effective after the commencing
date of the benefit computed under section 8344(d)(1)
[FR Doc. 94-4921 Filed 3-3-94; 8:45 am]
BILLING CODE 6325-01-M
