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To help attract and retain qualified and productive employees, each Nonappropriated Fund (NAF) employer provides eligible employees with an opportunity to participate in a retirement program consisting of a defined benefit (pension) plan and a defined contribution (401(K)) plan.
How many years do you have to work to get a NAF retirement?
If you are at least 62 years of age and have completed at least five years of credited service, if you are at least 60 years of age and have completed at least 20 years of credited service, or if you a re at least 55 years of age and have completed at least 30 years of credited service, you may also retire with an
Do NAF employees get a pension?
Department of Defense (DOD) guidelines state that U.S. citizens recruited in the United States for NAF employment overseas are entitled to COLA, but NAF employees hired locally in an overseas area are not eligible. This distinction does not apply to appropriated fund employees.
What is the minimum retirement age for NAF?
deferred annuity at age 62 based on 12 years of service. By electing to credit NAF service he qualifies for immediate retirement at age 58.
How long do I have to be in the Air Force before I can retire?
When Can I Retire? To retire, you must have 20 years of active duty service in the Army, Navy, Marines, Air Force, Space Force, or Coast Guard. You may also qualify if you are medically retired from one of the armed forces.
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