Page:United States Statutes at Large Volume 110 Part 1.djvu/462

 110 STAT. 438 PUBLIC LAW 104-106—FEB. 10, 1996 the first semicolon therein) based on a move from FERS. (ii) ELECTION.— An individual described in clause (i) may, instead of making an election for which such individual is otherwise eligible under this paragraph, elect to have all prior qualifying FERS service of such individual treated as creditable service for purposes of determining eligibility for benefits under a NAFI retirement system, but not for purposes of computing the amount of any such benefits except as provided in clause (v)(II). (iii) QUALIFYING FERS SERVICE.—For purposes of this subparagraph, the term "qualifying FERS service" means any service which, but for this subparagraph, would be creditable for purposes of the Federal Employ- ees' Retirement System. (iv) SERVICE CEASES TO BE CREDITABLE FOR PUR- POSES OF FERS. —Any qualifying FERS service that becomes creditable for NAFI purposes by virtue of an election made under this subparagraph shall not be creditable for purposes of the Federal Employees' Retirement System. (v) FUNDING REQUIREMENTS. — (I) IN GENERAL.— Except as provided in subclause (II), nothing in this section or in any other provision of law or any other authority shall be considered to require any payment or transfer of monies in order for an election under this subparagraph to be effective. (II) CONTRIBUTION REQUIRED ONLY IF INDIVID- UAL ELECTS TO HAVE SERVICE MADE CREDITABLE FOR COMPUTATION PURPOSES AS WELL.— Under regulations prescribed by the appropriate administrative authority, an individual making an election under this subparagraph may further elect to have the qualifying FERS service made creditable for computation purposes under a NAFI retirement system, but only if the individual pays or arranges to pay, at a time and in a manner satisfactory to such administrative authority, the amount necessary to fully fund the actuarial present value of future benefits under the NAFI retirement system attributable to the qualifying FERS service. (3) INFORMATION.—The regulations under subsection (b) shall include provisions under which any individual— (A) shall, upon request, be provided information or assistance in determining whether such individual is eligible to make an election under paragraph (2) and, if so, the exact amount of any payment which would be required of such individual in connection with any such election; and (B) may seek any other information or assistance relating to any such election. (d) CREDITABILITY OF NAFI SERVICE FOR RIF PURPOSES.— (1) IN GENERAL. —Clause (ii) of section 3502(a)(C) of title 5, United States Code, is amended by striking "January 1, 1987" and inserting "January 1, 1966".

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