CIVIL SERVICE RETIREMENT REVISION OF THE CIVIL SERVICE RETIREMENT ACT

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP59-00224A000100670012-9
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 3
• Document Creation Date: December 12, 2016
• Document Release Date: January 24, 2002
• Sequence Number: 12
• Content Type: REGULATION

Approved For Release 2002/01/31: CIA-RDP59-00224A000100670012-9 25X1A
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1. The President has approved stets rovisix& the civil Lervice i>wetire-
lent .ct to liberalise benefits to Federal employees effective 1 )ctobex-
19: t,. The folios &.: auewary of the new provisions is furnished for the
information of A ency employees. The Civil Servics Coosmalssion's Pamphlet
So. 1E dstailin?; provisions of the rot is tssin : revised csad will be
distributed wbsc copies ate avsilxtls.
2. The new ..Ct wiU inoretss snmzity beslfsfits for the "awermce employee"
with 30 or more years of service by ~2 poroent_ Under the naer rules,
smnssxitieo will be Computed at (n) two percent of the tsi,,ts avsra"O,s salary
eultiplied by all years of aervios It excess of tea plus one s.nd a hs:lf
percent of such salary multiplied by the first five years of wrvice,
plus one tad threi--quarts" perount, of the years of serflos from five to
tan; or (b) one percent of hi5:b eesrato salary, Plus ?,25.00, multiplied
by total years of service, ubichever is brester. The most aivsnts,sous
annuities for different salary levels are os follows
(1) Those with evsrs6e salaries up to v2;M0. No isaoreaae in aesusities.
,isxnuitiss computed by taking; 1:% of the swerve salary, plus 42,0
total years of service.
(2) Thom with avvrabs salaries above A2M0 and loss throe 3333.
Computed by tsskisse l;=: of the avera,;e salary, plus '427, tiess tte
first ton years of soxvios, added to Z;1 of the averaje saL:ry,
time the rematnint, years of service.
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(3) Than with average salaries of 3333 or over tat is" than ojOOO.
Average of 254 i orssa in annuities. Computed by takinL; k of the
average salary, plus 425,, for the first five years, added to 1 3/1,)-V
for the next five years, add" to 2% of all service over 10 years.
(4) Those paid c ;OW and more. The largest increases in annuities.
Those who retire at 60, after 30 years' service, viii get a flat
increase or 2>% over previous enmities. P adties are computed by
taieint. 1~e, A of the overage salary for the first five years, plus
1 3/4; for the nett five years, plus 2 for all service over 10 years.
3. 3ptianee2 retirement is authorised at arge 62 after 5 years of service, with
the right to elect survivor benefits. Present law provides an annuity
after years of service, but requires 15 years of service for ilsction of
survivor Lsuefits. The present right to retire on a reduced annuity at
she .> after 30 years of service is ooaitinued. The reduction factor for
retirement before rseohing egs CC is shared from 3 percent 6 year to
1 percent for each year the retiring employ" is under ate CO and 2 percent
for each year under age . m annuity may be granted upon involuntary
separation site attaining ties age of 50 years with 20 years of service,
axed the existing provision for annuity upon involuntary separation after
25 years of service, re ardleas of age, is continued.
4. Disability benefits are liberalised by providin, a minimum of 40 percent
of the average salary, or the annuity tddeb would have been earned ct xyye
tA, whichever is the lesser.
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5. Aurvivor benefits are increased by redtaainM to 24> the reduction in
aemtity to an wp1oyas electin* this provision. 196, upon the death
of an employee after 5 y.tn of service, or of a retired employee, the
nu vivin ~ vddov or widcvsr will rsosiw an annuity equal to 50 percent
of the earned annuity of the decedent, be innthj the first soeath after
sick death.
b. im esuaaitant who is reemployed and serves at least 1 full-time year on
active duty in a position covered by the Retirement :act will receive an
annuity based on his reemployed service as well as his annuity based on
the original retirement, ;ay lump-sum leave credit will not be reduced
by reason of annuity paid to his duriaL ?semployssnt.
7. The withholdiia from the ewpioyseaa calory for contribution to the retire-
seat Rand will be increased to ( percent tm ,innink, 7 October 1956.
b. ansstions coneernd,n4~ the.. ahaAcoe may be referred to the Benefits and
Casualty Division, Wine of Personnel, extension 3658 or 2321.
I-O R TNt DIA LW CINTRsL IMLLL~AMEs
L. 9. Fdd1Th
Deputy Director
{;3uppcrt)
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