Table of Contents
Are NAF employees GS?
Other Moves to GS Positions (In other words, a DOD NAFI employee must move to a GS position within DOD, and a Coast Guard NAFI employee must move to a GS position within the Coast Guard for the provisions above to apply.)
Does NAF service count towards GS retirement?
NAF service used towards CSRS or FERS retirement cannot be used in a NAF retirement calculation. Credit for NAF service will not result in higher CSRS or FERS annuity benefits.
Is a NAF job a federal job?
NAF employment is considered federal employment. It is, however, different from federal civil service employment because the monies used to pay the salaries of NAF employees come from a different source. Civil service positions are paid for by money appropriated by Congress.
Do NAF employees get FERS?
104-106, 110 Stat. 186, 434-439, provides that certain employees who move from Federal service to NAF instrumentalities are eligible to participate in the TSP by virtue of their election to be covered by the Civil Service Retirement System (CSRS) or the Federal Employees’ Retirement System (FERS).
Is NAF considered federal employment?
NAF employees are Federal employees, but excluded from most laws administered by OPM (title 5, U.S.C., Section 2105(c)). Unless specifically provided by law, NAF employment is not subject to civil service provisions or restrictions.
Do NAF employees get pay raises?
NAF does not offer pay raises, For the work you do and the hours you put in there you would be paid $2 – $5 more per hour somewhere else.
How does Naf pension work?
These are features of the Army NAF Retirement Plan: Costs you 2% of Gross Wages. 5 years participation > You will receive monthly benefit at retirement for life. Your contributions are returned within 1-3 years of receiving a monthly benefit, thereafter your benefit is paid from the retirement trust fund.
When can I retire as a NAF employee?
65 years of age
Normal Retirement. If you are 65 years of age, regardless of your years of credited service, you may retire with an unreduced annuity.
Do NAF employees pay into FERS?
(d) For an employee who moves to a NAF instrumentality on or after August 10, 1996, and who elects to continue to be covered by FERS, the NAF instrumentality must also contribute each pay period to the Thrift Savings Fund in accordance with Board procedures on behalf of such employee any amounts which the employee is …