[Federal Register Volume 76, Number 23 (Thursday, February 3, 2011)]
[Proposed Rules]
[Pages 6112-6113]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-2464]
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DEPARTMENT OF THE TREASURY
31 CFR Part 29
RIN 1505-AC02
Federal Benefit Payments Under Certain District of Columbia
Retirement Plans
AGENCY: Departmental Offices, Treasury.
ACTION: Proposed rule; extension of comment period.
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SUMMARY: On November 22, 2010, the Department of the Treasury published
a proposed rule to amend subpart C of its rules promulgated pursuant to
the Balanced Budget Act of 1997, as amended (the Act). This notice
extends the comment period on the proposed rule to April 21, 2011.
Pursuant to the Act, with certain exceptions, Treasury has
responsibility for payment of benefits based on service accrued as of
June 30, 1997, under the retirement plans for District of Columbia
teachers, police officers, and firefighters. Benefits for service after
that date, and certain other benefits, are funded by the District of
Columbia. Subpart C, published in 2000 as part of the final regulations
to implement the provisions of the Act, establishes the methodology for
determining the split between the Federal and District obligations.
Pursuant to regulation, the effective date of subpart C was delayed
pending completion of Treasury's new automated retirement system,
``System to Administer Retirement'' (STAR), which replaced the
District's legacy automated retirement system. While the new system has
been completed, the proposed amended subpart C will establish
additional rules and provide additional examples of benefit calculation
scenarios, the need for which was identified during systems
development. The amendments to subpart C will have minimal financial
impact and are introduced to simplify calculations and maintain
consistency with the general principles established in the original
regulations.
DATES: Comment due date: April 21, 2011.
ADDRESSES: Treasury invites interested members of the public to submit
comments on this proposed rule. Comments may be submitted to Treasury
by any of the following methods: Submit electronic comments through the
Federal government e-rulemaking portal, http://www.regulations.gov or
by e-mail to [email protected] or send paper comments to Paul
Cicchetti, Department of the Treasury, Office of DC Pensions,
Metropolitan Square Building, Room 6G503, 1500 Pennsylvania Avenue,
NW., Washington, DC 20220.
In general, the Treasury will post all comments to http://www.regulations.gov without change, including any business or personal
information provided such as names, addresses, e-mail addresses, or
telephone numbers. Treasury will also make such comments available for
public inspection and copying in the Treasury's Library, Room 1428,
Main Department Building, 1500 Pennsylvania Avenue, NW., Washington, DC
20220, on official business days between the hours of 10 a.m. and 5
p.m. Eastern Time. You can make an appointment to inspect comments by
telephoning (202) 622-0990. All comments, including attachments and
other supporting materials received, are part of the public record and
subject to public disclosure. You should submit only information that
you wish to make available publicly.
FOR FURTHER INFORMATION CONTACT: Paul Cicchetti, (202) 622-1859,
Department of the Treasury, Office of DC Pensions, Metropolitan Square
Building, Room 6G503, 1500 Pennsylvania Avenue, NW., Washington, DC
20220.
SUPPLEMENTARY INFORMATION: On November 22, 2010, the Department of the
Treasury published a proposed rule to amend subpart C of its rules
promulgated pursuant to the Balanced Budget Act of 1997, as amended,
related to certain payments of retirement benefits under the retirement
plans for District of Columbia teachers, police officers, and
firefighters. See 75 FR 71047.
[[Page 6113]]
The original comment period closed on January 21, 2011. By letter
dated January 14, 2011, the District of Columbia Retirement Board and
the District of Columbia Government requested an extension of the
public comment period for the proposed rule for 90 additional days. The
DC Fire Fighters Association also requested a 90 day extension. In
response to these requests, the Department hereby extends the comment
period for an additional 90 days so that comments are due on or before
April 21, 2011.
Dated: January 24, 2011.
Nancy Ostrowski,
Director, Office of DC Pensions.
[FR Doc. 2011-2464 Filed 2-2-11; 8:45 am]
BILLING CODE 4825-10-P