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 i - COMPUTING THE RETIREMENT ANNUITY FOR EMPLOYEES WHO ELECT TO USE NAFI SERVICE TO QUALIFY FOR AN IMMEDIATE CSRS OR FERS RETIREMENT

847.903 - How is the monthly reduction to the retirement annuity computed?

  (a) The reduction equals: (1) The difference in the present value of the immediate annuity with credit for NAFI service and the deferred annuity without credit for NAFI service, divided by (2) The present value factor for the retiree's attained age (in full years) at the time of retirement.

  (b) The reduction computed in paragraph (a) of this section is rounded to the next higher dollar.