Regulacje i polityka gospodarcza · 5.10.1994

Federal Employees Retirement SystemComputation of the Basic Employee Death Benefit for Customs Officers

The Office of Personnel Management (OPM) is proposing regulations concerning the use of overtime and premium pay in determining the final annual rate of basic pay of customs officers under the Federal Employees Retirement System (FERS). These regulations would establish the methodology (similar to the one that OPM uses for other flexible schedule employees) that the employing agency will use to compute customs officers' ``final annual rate of basic pay'' for determining FERS ``basic employee death benefit.'' The regulations are necessary to implement the changes in the statutory definition of basic pay under FERS made by section 13812 of the Omnibus Budget Reconciliation Act of 1993.