5 CFR 847.205 - Elections of NAFI retirement system coverage.

Code of Federal Regulations - Title 5: Administrative Personnel (December 2005)


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TITLE 5 - ADMINISTRATIVE PERSONNEL

CHAPTER I - OFFICE OF PERSONNEL MANAGEMENT

SUBCHAPTER B - CIVIL SERVICE REGULATIONS

PART 847 - ELECTIONS OF RETIREMENT COVERAGE BY CURRENT AND FORMER EMPLOYEES OF NONAPPROPRIATED FUND INSTRUMENTALITIES

subpart b - ELECTIONS TO CONTINUE RETIREMENT COVERAGE AFTER A QUALIFYING MOVE

847.205 - Elections of NAFI retirement system coverage.

  (a) An employee who completes a qualifying move under 847.202(b), (d), or (f), from an NAFI position to a CSRS- or FERS-covered position may elect to continue coverage under the NAFI retirement system.

  (b) An employee who elects NAFI retirement system coverage under this section is excluded from coverage under CSRS or FERS during that and all subsequent periods of employment, including any periods of service as a reemployed annuitant.

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