5 CFR 847.608 - Reduction in annuity due to deficiency.

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 f - ADDITIONAL EMPLOYEE COSTS UNDER THE RETROACTIVE PROVISIONS

847.608 - Reduction in annuity due to deficiency.

Any annuity payable in the case of an employee who has made an election under subpart D of this part will include credit for the NAFI service.

The monthly annuity rate on the date determined under 847.603 will be permanently reduced by an amount equal to the amount of any deficiency divided by the present value factor for the annuitant's age on that date.

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