NAF to APF to NAF NAF to APF to NAF Portability Portability

• Current retirement portability election procedures

–NAF to APF Move

• Elect to retain NAF retirement–Move back to another NAF (NAF-APF-NAF)

•No election opportunity

•Gaining NAF is their “new” plan

•NAF to NAF portability rules apply

NAF to APF to NAF NAF to APF to NAF Portability Portability

• Redraft NAF-NAF V1408 DoDI 1400.25

– Incorporate APF-NAF portability legislation (NAF-APF-NAF)

–Require continuation of the “elected” NAF retirement system when moving back to “any” NAF component

–DoDI has not been formally coordinated for comment at this date

NAF to APF to NAF NAF to APF to NAF Portability Portability

• Redraft NAF-NAF V1408 DoDI 1400.25

–Update all HRMS systems to recognize

•All 6 NAF Retirement Plans

•All 6 NAF 401(k) Plans

–Gaining NAF employers required to transfer retirement and 401(k) funds to prior NAF employer

• EE Biweekly Deductions

• ER Biweekly Contributions/ Matches

NAF to APF to NAF NAF to APF to NAF Portability Portability

• Redraft NAF-NAF V1408 DoDI 1400.25

–HR offices to notify MRG immediately

–Provide MRG with portability election form

–MRG will coordinate with appropriate NAF component

–MRG will input PeopleSoft enrollment