[Code of Federal Regulations]
[Title 5, Volume 2]
[Revised as of January 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR847.413]

[Page 377]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
          CHAPTER I--OFFICE OF PERSONNEL MANAGEMENT (CONTINUED)
 
PART 847_ELECTIONS OF RETIREMENT COVERAGE BY CURRENT AND FORMER 
EMPLOYEES OF NONAPPROPRIATED FUND INSTRUMENTALITIES--Table of Contents
 
    Subpart D_Elections of Coverage Under the Retroactive Provisions
 
Sec. 847.413  Effective date of an election.

    (a) An election under Sec. 847.411 is effective on the first day of 
NAFI employment subject to retirement coverage following CSRS- or FERS-
covered employment.
    (b) Deductions and contributions for CSRS or FERS coverage under 
Sec. 831.111 or Sec. 841.501 of this chapter begin effective on the 
first day of the next pay period after the agency receives the 
employee's election under Sec. 847.411(a).
    (c) An election under Sec. 847.411 is irrevocable when received by 
the employing agency.
    (d) NAFI service performed on and after the effective date of an 
election under Sec. 847.411 becomes fully creditable for retirement 
eligibility and computation of the annuity benefit, including 
computation of average pay.