[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: 5CFR847.421]

[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. 847.421  Election requirements.

    (a)(1)(i) A FERS employee who completed a qualifying move under 
Sec. 847.402(b) may, instead of the election provided by Sec. 847.441 
(pertaining to elections of NAFI retirement coverage), elect to remain 
subject to FERS for all subsequent periods of service.
    (ii) Prior service under a NAFI retirement system becomes creditable 
under FERS rules without regard to whether a refund of contributions for 
such period has been paid by the NAFI retirement system.
    (2) A FERS employee who has had a previous opportunity to elect 
retirement coverage under Sec. 847.202(e) or (f) is not excluded from 
making this election.
    (b) A survivor may make an election under paragraph (a) of this 
section if the employee was otherwise eligible to elect FERS coverage 
and FERS service credit, but died before expiration of the time limit 
under Sec. 847.304.
    (c) NAFI service made creditable under FERS by an election under 
this section become creditable for FERS retirement eligibility and FERS 
annuity computation, including average pay, upon receipt of the election 
by the employing agency.
    (d) A election under this section is irrevocable when received by 
the employing agency.

[61 FR 41721, Aug. 9, 1996, as amended at 68 FR 2180, Jan. 16, 2003]