[Code of Federal Regulations]
[Title 5, Volume 2]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR847.423]

[Page 387]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
          CHAPTER I--OFFICE OF PERSONNEL MANAGEMENT (CONTINUED)
 
PART 847_ELECTIONS OF RETIREMENT COVERAGE BY CURRENT AND FORMER EMPLOYEES OF 
 
    Subpart D_Elections of Coverage Under the Retroactive Provisions
 
Sec.  847.423  Credit for refunded FERS service.

    (a) An employee or survivor who elects FERS coverage with credit for 
NAFI service under Sec.  847.421 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 NAFI Coverage With Credit for FERS Service Based 
                       on a Move From FERS to NAFI