Is a NAF position a federal employee?
Q: What is NAF Employment? 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.
How are NAF employees paid?
NAF employment is different from civil Service federal employment because salaries for NAF employees are not allocated by Congress. Instead, salaries are paid by the revenue generated by Services activities.
What does NAF mean in insurance?
Nonappropriated Fund
About Your Benefits Handbook As a Marine Corps regular status Nonappropriated Fund (NAF) employee, you have a comprehensive program of benefit plans that are provided to enhance the quality of your life.
What benefits do NAF employees get?
Employees with regular appointments are eligible for the following benefits and compensation: Health and life insurance, awards, retirement plan, 401(k), annual leave, sick leave, military leave, administrative leave, maternity leave, paternity leave, and court leave, overtime pay, holiday pay, Sunday premium pay.
Do NAF employees get retirement?
These are features of the Army NAF Retirement Plan: 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.
Do NAF employees get sick leave?
NAF employees do not accrue annual or sick leave while in a non-pay status.
Do NAF employees get a pension?
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.
Are NAF jobs competitive service?
The DOD Interchange Agreement between DOD and OPM permits any Federal agency to appoint noncompetitively NAF employees to career or career-conditional competitive service appointments subject to certain conditions outlined in the agreement.
What does NAF retirement pay?
You may wait to start receiving payment of your retirement benefit until you reach age 62. Your total retirement benefit (plan benefit plus Social Security) at age 62 would be $731 per month.