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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 5 - Administrative Personnel |
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Chapter I - Office of Personnel Management |
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SubChapter B - Civil Service Regulations |
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Part 847 - Elections of Retirement Coverage by Current and Former Employees of Nonappropriated Fund Instrumentalities |
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Subpart D - Elections of Coverage Under the Retroactive Provisions |
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Elections of CSRS or FERS Coverage Based on a Move from CSRS or FERS to NAFI |
§ 847.416 - Credit for refunded FERS service.
Latest version.
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§ 847.416 Credit for refunded FERS service.
(a) An employee or survivor who elects FERS coverage under § 847.411 will receive credit in the FERS annuity for the service represented by any refund of the unexpended balance under § 843.202 of this chapter.
(b) The amount of the refund, increased by interest as computed under § 842.305(e) of this chapter, will be added to the deficiency computed under § 847.604 and collected in accordance with the provisions of § 847.609 (pertaining to a monthly reduction in the annuity benefit).