Reconsideration of the supplemental liability
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
(a) The Board cannot sustain a request for reconsideration unless the Board finds that—
(1) The data used in the actuarial report required by § 841.416 are sufficient and reliable;
(2) The assumptions used in the actuarial report required by § 841.416 are justified; and
(3) The difference in the supplemental liability amount is at least 2 percent of the present value of future benefits calculated in OPM's computation of the supplemental liability.
(b) If the Board sustains a request for reconsideration of the supplemental liability, OPM will recompute the supplemental liability according to the economic and demographic assumptions recommended by the Board.
[82 FR 49281, Oct. 25, 2017]
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