5 CFR 847.423

§ 847.423 Credit for refunded FERS service.

United States · 5 CFR — Administrative Personnel · Status: effective

Cite this

Citation: 5 CFR 847.423, § 847.423 Credit for refunded FERS service, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/8566
Permanent ID: ys:prov:8566@1
SHA-256: f8b0f6ae9d15deebfa706d421bc3f112f6d16fce9fd140bfd515c1bd95eb2e2b

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Full text

(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).

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.