Any annuity payable in the case of an employee who has made an election under subpart D of this part will include credit for the NAFI service. The monthly annuity rate on the date determined under Sec. 847.603 will be permanently reduced by an amount equal to the amount of any deficiency divided by the present value factor for the annuitant's age on that date.
Sec. Appendix A to Subpart F of Part 847--List of Events for Which
Inclusion of NAFI Service May Affect the Rate of Annuity Payable ------------------------------------------------------------------------
Date deficiency will be
Type of event determined------------------------------------------------------------------------CSRS or FERS nondisability retirement..... Commencing date of annuity.CSRS disability retirement................ Commencing date of annuity.
\1\FERS disability retirement................ First day of month following
62nd birthday. \2\CSRS death in service..................... Commencing date of survivor
annuity. \3\FERS death in service..................... Commencing date of survivor
annuity.FERS death of disability annuitant prior Commencing date of survivor
to age 62. annuity.FERS death of separated employee.......... Commencing date of survivor
annuity.
CSRS or FERS redetermination of annuity... Commencing date of
redetermined annuity
benefit.------------------------------------------------------------------------\1\ Disability annuity with and without credit for NAFI service must be
computed. If annuity payable under each computation is identical due
to guaranteed minimum annuity, then deficiency is zero.\2\ Generally, the date the deficiency is determined will be the
disability retiree's 62nd birthday. However, if an annuity benefit
based on the retiree's actual years of service and salary becomes
payable prior to age 62, the deficiency is computed at that time.\3\ Deficiency amount could be zero if survivor is eligible for the
guaranteed minimum annuity amount under both computations.