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Code of Federal Regulations Title 5. Administrative Personnel § 5.847.423 Credit for refunded FERS service

Current as of January 02, 2025 | Updated by Findlaw Staff

(a) An employee or survivor who elects FERS coverage with credit for NAFI service under § 847.421 will receive credit in the FERS annuity for the service represented by any refund of the unexpended balance under § 843.202 of this chapter.

(b) The amount of the refund, increased by interest as computed under § 842.305(e) of this chapter, will be added to the deficiency computed under § 847.604 and collected in accordance with the provisions of § 847.609 (pertaining to a monthly reduction in the annuity benefit).

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Cite this article: FindLaw.com - Code of Federal Regulations Title 5. Administrative Personnel § 5.847.423 Credit for refunded FERS service - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-5-administrative-personnel/cfr-sect-5-847-423/

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