---
kind: "section"
citation: "5 C.F.R. § 847.606"
title: "5"
number: "847.606"
heading: "Methodology for determining the present value of annuity without service credit—credit not needed for title."
url: "https://uscodex.org/cfr/5/847.606"
---

# §847.606. Methodology for determining the present value of annuity without service credit—credit not needed for title.

- (a) If credit for the NAFI service is not necessary to provide title to an annuity payable on the date of computation under [§ 847.603](/cfr/5/847.603.md), OPM will determine the present value of the annuity without credit for the NAFI service under paragraph [(b)](#b) or [(c)](#c) of this section.
- (b) In cases in which the annuity is payable to a retiree, the present value under [paragraph (a)](#a) of this section equals the monthly annuity rate without credit for the NAFI service as of the date of computation under [§ 847.603](/cfr/5/847.603.md) 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)](#a) of this section equals the monthly annuity rate including credit for the NAFI service as of the date of computation under [§ 847.603](/cfr/5/847.603.md) times the present value factor for the survivor's age on that date.

## Notes

### Authority

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).

### Source

Source: 61 FR 41721, Aug. 9, 1996, unless otherwise noted.