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Code of Federal Regulations (Last Updated: July 5, 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 E - Transfers of Contributions Under the Retroactive Provisions |
§ 847.505 - When transfer occurs.
Latest version.
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§ 847.505 When transfer occurs.
(a) OPM, the Department of Defense, and the U.S. Coast Guard will transfer the amount specified in § 847.504 as soon as practicable after receipt of an election of retirement coverage under subpart D of this part.
(b) The transfer of contributions may not be delayed until the employee retires or separates from service.