5 CFR § 847.605 - Methodology for determining the present value of annuity with service credit.
---identifier: "/us/cfr/t5/s847.605"source: "ecfr"legal_status: "authoritative_unofficial"title: "5 CFR § 847.605 - Methodology for determining the present value of annuity with service credit."title_number: 5title_name: "Administrative Personnel"section_number: "847.605"section_name: "Methodology for determining the present value of annuity with service credit."chapter_name: "OFFICE OF PERSONNEL MANAGEMENT"subchapter_number: "B"subchapter_name: "CIVIL SERVICE REGULATIONS"part_number: "847"part_name: "ELECTIONS OF RETIREMENT COVERAGE BY CURRENT AND FORMER EMPLOYEES OF NONAPPROPRIATED FUND INSTRUMENTALITIES"positive_law: falsecurrency: "2026-04-05"last_updated: "2026-04-05"format_version: "1.1.0"generator: "[email protected]"authority: "5 U.S.C. 8332(b)(17) and 8411(b)(6) and sections 1131 and 1132 of Pub. L. 107-107, December 28, 2001, 115 Stat 1242; 5 U.S.C. 8347(a) and 8461(g) and section 1043(b) of Pub. L. 104-106, Div. A, Title X, Feb. 10, 1996, 110 Stat. 434. Subpart B also issued under 5 U.S.C. 8347(q) and 8461(n)."regulatory_source: "61 FR 41721, Aug. 9, 1996, unless otherwise noted."cfr_part: "847"---
Identifier
/us/cfr/t5/s847.605
Currency
2026-04-05
Positive Law
No
Updated
2026-04-05
Chapter
Office of Personnel Management
Authority
5 U.S.C. 8332(b)(17) and 8411(b)(6) and sections 1131 and 1132 of Pub. L. 107-107, December 28, 2001, 115 Stat 1242; 5 U.S.C. 8347(a) and 8461(g) and section 1043(b) of Pub. L. 104-106, Div. A, Title ... 5 U.S.C. 8332(b)(17) and 8411(b)(6) and sections 1131 and 1132 of Pub. L. 107-107, December 28, 2001, 115 Stat 1242; 5 U.S.C. 8347(a) and 8461(g) and section 1043(b) of Pub. L. 104-106, Div. A, Title X, Feb. 10, 1996, 110 Stat. 434. Subpart B also issued under 5 U.S.C. 8347(q) and 8461(n).
# 847.605 Methodology for determining the present value of annuity with service credit.(a) OPM will determine the present value of the annuity including service credit for NAFI service under paragraph (b) or (c) of this section.(b) In cases in which the annuity is payable to a retiree, the present value under paragraph (a) of this section equals the monthly annuity rate including credit for the NAFI service as of the date of computation under § 847.603 times the present value factor for the retiree's age on that date.(c) In cases in which the annuity is payable to a survivor, the present value under paragraph (a) of this section equals the monthly annuity rate including credit for the NAFI service as of the date of computation under § 847.603 times the present value factor for the survivor's age on that date.