Code of Federal Regulations (alpha)

CFR /  Title 5  /  Part 847  /  Sec. 847.416 Credit for refunded FERS service.

(a) An employee or survivor who elects FERS coverage under Sec. 847.411 will receive credit in the FERS annuity for the service represented by any refund of the unexpended balance under Sec. 843.202 of this chapter.

(b) The amount of the refund, increased by interest as computed under Sec. 842.305(e) of this chapter, will be added to the deficiency computed under Sec. 847.604 and collected in accordance with the provisions of Sec. 847.609 (pertaining to a monthly reduction in the annuity benefit). Elections to Remain in FERS Coverage With Credit for NAFI Service Based

on a Move From NAFI to FERS