Federal Register - August 27, 2021
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Source: Federal Register
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Federal Register / Vol. 86, No. 164 / Friday, August 27, 2021 / Proposed Rules
Table 10. Government cost savings over a 10-year period of analysis in $2020 dollars using 7- and 3-percent discount rates
1
2
3
4
5
6
7
8
9
10
Reductio n in Time Burden hrs.
d,=a X C
Undiscounted Government Cost Savings e, = b x d,
Discounted 7%
Discounted 3%
$94.03
0.17
-
-
-
-
L825
1,816
1,807
304
303
301
$28,595
$28,459
$28,322
$23342
$21,711
$20,193
$26,169
$25,285
$24,431
-
-
-
-
-
1,781
L773
L764
297
295
294
$27,918
$27,784
$27,651
$16,248
$15,113
$14,056
$22,038
$2L294
$20,575
-
Total
10,766
1,794
$168,729
$110,664
$139,792
Avera2e
1,794
299
$28,121
$18,444
$23,299
$15,756
$16,388
Annualization Total Estimated Cost Savings of the Proposed Rule Over a 10-Year Period of Analysis
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Over a 10-year period of analysis, the total estimated cost savings of the
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proposed rule to mariners and the government is $257,511, discounted at 7
percent. The annualized cost savings are $36,664, also discounted at 7 percent.
Table 11 presents the total cost savings of this proposed rule, which is the sum
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of the undiscounted industry savings, and the undiscounted government savings. Therefore, the undiscounted total cost savings is the sum of the undiscounted industry savings and the undiscounted government savings.
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Year
Wage rate of a GS-13
b
Time per evalua tion/h r.
c
Reduction in Medical Certificate Applicatio a, ns
