Search Results for keywords:"Civil Monetary Penalty Inflation Adjustment"

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Search Results: keywords:"Civil Monetary Penalty Inflation Adjustment"

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  • 2021-00932 — Civil Monetary Penalty Inflation Adjustment
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    Type:Rule
    Citation:86 FR 7797
    Reading Time:about 5 minutes

    The Merit Systems Protection Board (MSPB) issued a final rule to adjust civil monetary penalties (CMPs) for 2021. This adjustment follows the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, which mandates annual inflation-based updates to penalties. For 2021, the penalties for certain violations are increased to a maximum of $1,125, rounded from a calculated amount based on an inflation multiplier. The adjustments ensure penalties maintain their deterrent effect and will be applied starting February 2, 2021.

    Simple Explanation

    The government made a new rule to slightly increase the fines people have to pay when they break certain rules, so that the fines still feel like a "big deal" and stop others from breaking the rules too. This change is like using a price tag that keeps up with money getting "less big" over time because things cost more now!

  • 2021-00230 — Civil Monetary Penalty Inflation Adjustment
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    Type:Notice
    Citation:86 FR 2005
    Reading Time:about a minute or two

    The Railroad Retirement Board has announced updates to the fines for civil penalties to adjust for inflation, as mandated by a law from 2015. These adjustments are based on a calculation that compares changes in the Consumer Price Index (CPI-U) over the past year. For 2021, this resulted in an approximate 1.01% increase in penalties, which means certain fines under acts like the Program Fraud Civil Remedies Act and the False Claims Act have increased slightly. These changes take effect from January 11, 2021.

    Simple Explanation

    The Railroad Retirement Board makes sure that fines keep up with price changes so they stay fair, and this year they made some fines a tiny bit higher. They did this by looking at how money values changed from last year, kind of like when prices at the store go up.