5 C.F.R. § 847.505   When transfer occurs.


Title 5 - Administrative Personnel


Title 5: Administrative Personnel
PART 847—ELECTIONS OF RETIREMENT COVERAGE BY CURRENT AND FORMER EMPLOYEES OF NONAPPROPRIATED FUND INSTRUMENTALITIES
Subpart E—Transfers of Contributions Under the Retroactive Provisions

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§ 847.505   When transfer occurs.

(a) OPM, the Department of Defense, and the U.S. Coast Guard will transfer the amount specified in §847.504 as soon as practicable after receipt of an election of retirement coverage under subpart D of this part.

(b) The transfer of contributions may not be delayed until the employee retires or separates from service.

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