"OPM proposes to ... [1] clarify the process by which the Secretary of the Treasury and the U.S. Postmaster General may file a request for the Board of Actuaries of the Civil Service Retirement System to reconsider an amount determined to be payable to the CSRDF with respect to a supplemental liability.... [2] amend its definition of 'actuary' ... [3] establish separate normal cost percentages for FERS, FERS-RAE and FERS-FRAE employees within each employee category ... [4] include members of the Capitol Police as 'Congressional Employees' for purposes of deriving separate normal cost percentages for this employee group.... [5] include U.S. Postal Service employees as a separate category for which OPM will derive normal cost percentages.... [6] establish the procedures and requirements for a request for reconsideration of a supplemental liability determination filed by the Secretary of the Treasury or the Postmaster General.... [7] refine its definitions of present value factor and actuarial present value ... to ensure that these definitions are uniform and appropriate."

MORE >>