Federal Employees' Retirement System; Government Costs - OPM Amends Rule to Clarify FERS Supplemental Liability and Normal Cost Percentages

Summary

The Office of Personnel Management has updated its rule to clarify how it determines a supplemental liability under the Federal Employees' Retirement System (FERS) and how the U.S. Postal Service and the U.S. Department of the Treasury may request a review of OPM's valuation of this liability. The rule also clarifies employee categories and actuarial definitions to ensure consistency and accuracy.