§ 847.605 Methodology for determining the present value of annuity with service credit

5 CFR 847.605(a)(a) OPM will determine the present value of the annuity including service credit for NAFI service under paragraph (b) or (c) of this section.

5 CFR 847.605(b)(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.

5 CFR 847.605(c)(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.