LETTER TO THE HONORABLE SPIRO T. AGNEW FROM R. E. CUSHMAN, JR.

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP72-00337R000400020054-4
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 21
• Document Creation Date: December 16, 2016
• Document Release Date: June 1, 2005
• Sequence Number: 54
• Publication Date: October 13, 1970
• Content Type: LETTER

CENTRAL INTELLIGENCE AGENCY
WASHINGTON. D. C. 20505
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13 OCT1970
Washington, D. C. 20510
The Honorable Spiro T. Agnew
President of the Senate
of 1964 for Certain Employees. I
This letter transmits for the consideration of the Congress al
draft bill amending the Central Intelligence Agency Retirement Act
analysis and explanation which is enclosed.
of the Act. The proposals are explained in detail in the sectional I''
system. Also included are several adjustments which have been
identified as important during the first six years of the administration
The proposed legislation brings the CIA Retirement Act into
consonance with certain provisions of the Civil Service retirement
We would appreciate early and favorable consideration of the
proposed legislation. The Office of Management and Budget has
advised that there is no objection to presenting the proposed legisla-
tion to the Congress from the standpoint of the Administration's
program.
Sincerely,
SIGNED
. R. E. Cushman, . Jr.
Lieutenant General, USMC
Acting Director
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CENTRAL INTELLIGENCE AGENCY
WASHINGTON, D. C. 20505
OFFICE OF THE DIRECTOR
13 O CT 1910
Th@ Honorable John W. McCormack.
Speaker of the House of Representatives
Washington, D. C. 20515
Act of 1964 for Certain Employees.
This letter transmits for the consideration of the Congress
a draft bill amending the Central Intelligence Agency Retirement
We would appreciate early and favorable consideration of the.,
.
proposed legislation. The Office of Management and Budget has advised,
analysis and explanation which is enclosed,
of the Act. The proposals are explained in detail in the sectional
The proposed legislation brings the CIA. Retirement Act into
consonance with certain provisions of the Civil Service retirement
system. Also included are several adjustments which have been
identified as important during the first six years of the administration
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Sincerely,
s~rrrTar~' ,
R. E. Cushman, Jr.
Lieutenant General, TJSMC.
Acting Director
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A BILL
To amend the Central Intelligence Agency Retirement Act of 1964
for Certain Employees, as amended, and for other purposes.
1 Be it enacted by the Senate and House of Representatives
2 of the United States of America in Congress assembled,
3 That - -
4 Section 1. Section 204(b) of the Central Intelligence Agency
5 Retirement Act of 1964 for Certain Employees, as amended, (78
6 Stat. 1043; 50 U. S. C. 403 note) is amended by striking subsection
7 (3) and inserting the following in lieu thereof:
8 "(3) 'Child', for the purposes of sections 221 and 232 of this
9 Act, means an unmarried child, including (i) an adopted child, and
10 (ii) a stepchild or recognized natural child who lived with the
11 participant in a regular parent-child relationship, under the age of
12 eighteen years, or such unmarried child regardless of age who
13 because of physical or mental disability incurred before age eighteen
14 is incapable of self-support, or such unmarried child between
15 eighteen and twenty-two years of age who is a student regularly
16 pursuing a full-time course of study or training in residence in a
17 high school, trade school, technical or vocational institute, junior
18 college, college, university, or comparable recognized educational
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1 institution. A child whose twenty-second birthday occurs prior
2 to July 1 or after August 31 of any calendar year, and while he is
3 regularly pursuing such a course of study or training, shall be
4 deemed for the purposes of this paragraph and section 221(e) of
5 this Act to have attained the age of twenty-two on the first day of
6 July following such birthday. A child who is a student shall not be
7 deemed to have ceased to be a student during any interim between
8 school years if the interim does not exceed five months and if he
9 shows to the satisfaction of the Director that he has a bona fide
10 intention of continuing to pursue a course of study or training in the
11 same or different school during the school semester (or other period
12 into which the school year is divided) immediately following the
13 interim. The term 'child', for purposes of section 241, shall include
14 an adopted child and a natural child, but shall not include a stepchild.
15 Section 2. Section 221(e) of the Central Intelligence Agency
16 Retirement Act (50 U. S. C. 403 note) is amended to read as follows;
17 "(e) The commencing date of an annuity payable to a child
18 under paragraph (c) or (d) of this section, or (c) or (d) of section 232,
19 shall be deemed to be the day after the annuitant or participant dies,
20 with payment beginning on that day or beginning or resuming on the
21 first day of the month in which the child later becomes or again
22 becomes a student as described in section 204(b)(3), provided the
23 lump-sum credit, if paid, is returned to the fund. Such annuity
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1 shall terminate on the last day of the month before (1) the child's
2 attaining age eighteen unless he is then a student as described or
3 incapable of self-support, (2) his becoming capable of self-support
4 after attaining age eighteen unless he is then such a student, (3) his
5 attaining age twenty-two if he is then such a student and not incapable
6 of self-support, (4) his ceasing to be such a student after attaining
7 age eighteen unless he is then incapable of self-support, (5) his
8 marriage, or (6) his death, whichever first occurs. ".
9 Section 3. Section 221 of the Central Intelligence Agency
10 Retirement Act (50 U. S. C. 403 note) is amended by deleting the
11 last two sentences of paragraph (f), and adding the following new
12 paragraphs (i), (j), and (k):
13 "(i) Except as otherwise provided, the annuity of a participant
14 shall commence on the day after separation from the service, or
15 on the day after salary ceases and the participant meets the service
16 and the age or disability requirements for title thereto. The annuity
17 of a participant under section 234 shall commence on the day after
18 the occurrence of the event on which payment thereof is based. An
19 annuity otherwise payable from the fund allowed on or after date of
20 enactment of this provision shall commence on the day after the
21 occurrence of the event on which payment thereof is based.
22 "(j) An annuity payable from the fund on or after date of
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1 enactment of this provision shall terminate (1) in the case of a
2 retired participant, on the day death or any other terminating
3 event occurs, or (2) in the case of a survivor, on the last day of
4 the month before death or any other. terminating event occurs.
5 "' (k) The annuity computed under this section is reduced by
6 10 percent of a special contribution described by section 252(b)
7 remaining unpaid for civilian service for which retirement
deductions have not been made, unless the participant elects to
eliminate the service involved for the purpose of annuity
10 computation. ".
11 Section 4. Section 236 of the Central Intelligence Agency
12 Retirement Act (50 U. S. C. 403 note) is amended by deleting the
13 words "nor a total of four hundred" and substituting the words
14 "nor a total of eight hundred".
15 Section 5. Section 252 of the Central Intelligence Agency,
16 Retirement Act (50 U. S. C. 403 note) is amended by deleting
17. paragraph (c) (1); reni mbering paragraphs (c) (2) and (c) (3) to read
18 (c)(3) and (c)(4); and inserting tho following new paragraphs (c)(1)
19 ? and (c) (2):
20 "(c)(1) If an officer or employee under some other Government
21 retirement system becomes a participant in the system by direct
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5
1 transfer, the Government's contributions (including interest accrued
2 thereon computed at the rate of 3 percent a year compounded annually)
3 under such retirement system on behalf of the officer or employee
4 shall be transferred to the fund and such officer or employee's total
5 contributions and deposits (including interest accrued thereon),
6 except voluntary contributions, shall be transferred to his credit in
7 the fund effective as of the date such officer or employee becomes a
8 participant in the system. Each such officer or employee shall be
9 deemed to consent to the transfer of such funds and such transfer
10 shall be a complete discharge and acquittance of all claims and demands
11 against the other Government retirement fund on account of service
12 rendered prior to becoming a participant in the system.
13 "(c)(2) If a participant in the system becomes an employee under
14 another Government retirement system by direct transfer to employ-
15 ment covered by such system, the Government's contributions
16 (including interest accrued thereon computed at the rate of 3 percent
17 a year compounded annually) to the fund on his behalf shall be trans-
18 ferred to the fund of the other system and his total contributions and
19 deposits, including interest accrued thereon, except voluntary
20 contributions, shall be transferred to his credit in the fund of such
21 other retirement system effective as of the date he becomes eligible
22 to participate in such other retirement system. Each such officer
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6
1 or employee shall be deemed to consent to the transfer of such
2 funds and such transfer shall be a complete discharge and acquittance
3 of all claims and demands against the fund on account of service
4 rendered prior to his becoming eligible for participation in such
5 other system. ".
6 Section 6. Section 252 of the Central Intelligence Agency
7 Retirement Act (50 U. S. C. 403 note) is amended by adding the
8 following new paragraph (g):
9 "(g) For the purpose of survivor annuity, special contributions
10 authorized by paragraph (b) of this section may also be made by the
11 survivor of a participant. ".
12 Section 7. Section 273 of the Central Intelligence Agency
13 Retirement Act (50 U. S. C. 403 note) is amended by deleting
14 paragraph (a); renumbering paragraph (b) to read (c); and inserting
15 the following new paragraphs (a) and (b):
16 "(a) Notwithstanding any other provision of law, any annuitant
17 who has retired under this Act and who is reemployed in the Federal
18 Government service in any appointive position either on a part-time
19 or full-time basis shall be entitled to receive the salary of the position
20 in which he is serving plus so much of his annuity payable under this
21 Act which when combined with such salary does not exceed during any
22 calendar year the basic salary such officer or employee was entitled
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7
1 to receive on the date of his retirement or separation from the
2 Agency. Any such reemployed officer or employee who receives
3 salary during any calendar year in excess of the maximum amount
4 which he may be entitled to receive under this paragraph shall be
5 entitled to such salary in lieu of benefits hereunder.
6 "(b) When any such annuitant is reemployed, the employer shall
7 notify the Director of Central Intelligence of such reemployment and
8 shall provide all pertinent information relating thereto. ".
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Changes in existing law made by the draft bill are shown
as follows: existing law in which no change is proposed is
shown in roman; existing law proposed to be omitted is enclosed
in brackets; new matter is underscored.
Central Intelligence Agency Retirement Act of 1964 for
Certain Employees, as amended (78 Stat. 1043; 50 U. S. C.
403 note).
TITLE II -- THE CENTRAL INTELLIGENCE AGENCY
RETIREMENT AND DISABILITY SYSTEM
Part A--Establishment of System
Rules and Regulations
SEC. 204. (a) Annuitants shall be participants who are
receiving annuities from the fund and all persons, including
surviving wives and husbands, widows, dependent widowers,
children, and beneficiaries of participants or annuitants who
shall become entitled to receive annuities in accordance with
the provisions of this Act.
(b) When used in this Act the term- -
(1) "Widow" means the surviving wife of a participant
who was married to such participant for at least two years
immediately preceding his death or is the mother of is sue
by marriage to the participant.
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(2) "Dependent widower" means the surviving husband of a
participant who was married to such participant for at least two
years immediately preceding her death or is the father of issue by
marriage to the participant, and who is incapable of self-support
by reason of mental or physical disability, and who received more
than one-half of his support from such participant.
(3) "Child", for the purposes of sections 221 and 232 of this
Act, means an unmarried child, including (i) an adopted child, and
(ii) a stepchild or recognized natural child who received more than
one-half of his support from and I lived with the participant in a
regular parent-child relationship, under the age of eighteen years,
or such unmarried child regardless of age who because of physical or
mental disability incurred before age eighteen is incapable of self-
support, or such unmarried child between eighteen and {twenty-oneI]
twenty-two years of age who is a student regularly pursuing a full-time
course of study or training in residence in a high school, trade school,
technical or vocational institute, junior college, college, university, or
comparable recognized educational institution. A child whose {twenty-
first] twenty-second birthday occurs prior to July 1 or after August 31
of any calendar year, and while he is regularly pursuing such a course
of study or training, shall be deemed for the purposes of this paragraph
and section 221(e) of this Act to have attained the age of {twenty-oneJ
twenty-two on the first day of July following such birthday. A child who
is a student shall not be deemed to have ceased to be a student during any
interim between school years if the interim does not exceed {four] five
months and if he shows to the satisfaction of the Director that he has a
bona fide intention of continuing to pursue a course of study or training in
the same or different school during the school semester (or other period
into which the school year is divided) immediately following the interim.
The term "child", for purposes of section 241, shall include an adopted
child and a natural child, but shall not include a stepchild.
Part C--Computation of Annuities
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(e) [[The annuity payable to a child under paragraph (c) or (d) of
this section shall begin on the day after the participant dies, and such
annuity or any right thereto shall terminate on the last day of the month
before (1) his attaining age eighteen unless incapable of self-support,
(2) his becoming capable of self-support after age eighteen, (3) his
marriage, or (4) his death, except that the annuity of a child who is a
student as described in section 204(b)(3) of this Act shall terminate on
the last day of the month before (1) his marriage, (2) his death, (3) his
ceasing to be such a student, or (4) his attaining age twenty-one.
The commencing date of an annuity payable to a child under
paragraph (c) or (d) of this section, or (c) or (d) of section 232, shall be
deemed to be the day after the annuitant or participant dies, with pay-
ment beginning on that day or beginning or resuming on the first day of
the month in which the child later becomes or again becomes a student
as described in section 204(b)(3), provided the lump-sum credit, if paid,
is returned to the fund. Such annuity shall terminate on the last day of
the month before (1) the child's attaining age eighteen unless he is then
a student as described or incapable of self-support, (2) his becoming
capable of self-support after attaining age eighteen unless he is then such
a student, (3) his attaining e twenty-two if he is then such a student and
not incapable of self-support, (4) his ceasing to be such a student after
attaining age eighteen unless he is then incapable of self-support, (5) his
marriage, or (6) his death, whichever first occurs.
(f) Any unmarried participant retiring under the provisions of this
Act and found by the Director to be in good health may at the time of
retirement elect a reduced annuity, in lieu of the annuity as hereinbefore
provided, and designate in writing a person having an insurable interest
(as that term is used in section 9(h) of the Civil Service Retirement Act
(5 U. S. C. 2259(h))) in the participant to receive an annuity after the
participant's death. The annuity payable to the participant making, such
election shall be reduced by 10 percentum of an annuity computed as provided
in paragraph (a) of this section, and by 5 percentum of an annuity so
computed for each full five years the person designated is younger than the
participant, but such total reduction shall not exceed 40 percentum, The
annuity of a survivor designated under this paragraph shall be 55 percentum
of the reduced annuity computed as prescribed above. QThe annuity payable
to a beneficiary under the provisions of this paragraph shall begin on the
first day of the next month after the participant dies. Upon the death of the
surviving beneficiary all payments shall cease and no further annuity pay-
ments authorized under this paragraph shall be due or payable. D
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(i) Except as otherwise provided, the annuity of a participant shall
commence on the day after separation from the service, or on the day
after salary ceases and the participant meets the service and the age or
disability requirements for title thereto. The annuity of a participant
under section 234 shall commence on the day after the occurrence of the
event on which p yment thereof is based. An annuity otherwise payable
from the fund allowed on or after date of enactment of this provision shall
commence on the day after the occurrence of the event on which payment
thereof is based.
(j) An annuity payable from the fund on or after date of enactment
of this provision shall terminate (1) in the case of a retired participant,
on the day death or any other terminating event occurs, or (2) in the case
of a survivor, on the last day of the month before death or any other
terminating event occurs.
(k) The annuity computed under this section is reduced by 10 per-
cent of a special contribution described by section 252(b) remaining unpaid
for civilian service for which retirement deductions have not been made,
unless the participant elects to eliminate the service involved for the purpose
of annuity computation.
Part D--Benefits Accruing to Certain Participants
Limitation on Number of Retirements
SEC. 236. The number of participants retiring on an annuity
pursuant to sections 233, 234, and 235 of this Act shall not exceed a total
of four hundred during the period ending on June 30, 1969, nor a total of
Qfour hundred]] eight hundred during the period beginning on July 1, 1969,
and ending on June 30, 1974.
Part F--Period of Service for Annuities
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Prior Service Credit
(b) A participant may obtain prior civilian service credit in accord-
ance with the provisions of paragraph (a) (1) of this section by making a
special contribution to the fund equal to the percentage of his basic annual
salary for each year of service for which credit is sought specified with
respect to such year in the table relating to employees contained in section
4(c) of the Civil Service Retirement Act (5 U. S. C. 2254(c)), together with
interest computed as provided in section 4 (e) of such Act (5 U. S. C. 2254
(e) ). Any such participant may, under such conditions 'as may be deter- ,
mined in each instance by the Director, pay such special contributions in
installments.
(c)(1) If an officer or employee under some other Government retire-
ment system becomes a participant in the system by direct transfer, the
Government's contributions (including interest accrued thereon computed
at the rate of 3 percent a year compounded annually) under such retirement
system on behalf of the officer or employee shall be transferred to the fund
and such officer or employee's total contributions and deposits (j, ]] -Cincluding
interest accrued thereon), except voluntary contributions, shall be trans-
ferred to his credit in the fund effective as of the date such officer or
employee becomes a participant in the system. Each such officer or
employee shall be deemed to consent to the transfer of such funds and such
transfer shall be a complete discharge and acquittance of all claims and
demands against the other Government retirement fund on account of service
rendered prior to becoming a participant in the system.
If an officer or employee under some other Government retirement
system becomes a participant in the system by direct transfer, the
Government's contributions (including interest accrued thereon computed
at the rate of 3 percent a year compounded annually) under such retirement
system on behalf of the officer or employee shall be transferred to the fund
and such officer or employee's total contributions and deposits (including
interest accrued thereon), except voluntary contributions, shall be trans-
ferred to his credit in the fund effective as of the date such officer or employee
becomes a participant in the system. Each such officer or employee shall be
deemed to consent to the transfer of such funds and such transfer shall be a
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complete discharge and acquittance of all claims and demands against the
other Government retirement fund on account of service rendered prior to
becoming a participant in the system.
(2) if a participant in the system becomes an employee under another
Government retirement system by direct transfer to employment covered
by such system, the Government's contributions (including interest accrued
thereon computed at the rate of 3 percent a year compounded annually) to
the fund on his behalf shall be transferred to the fund of the other system
and his total contributions and deposits, including interest accrued thereon,
except voluntary contributions, shall be transferred to his credit in the
fund of such other retirement system effective as of the date he becomes
eligible to participate in such other retirement system. Each such officer
or employee shall be deemed to consent to the transfer of such funds and
such transfer shall be a complete discharge and acquittance of all claims
and demands against the fund on account of service rendered prior to his
becoming eligible for participation in such other system.
Q (2) 1 (3) No participant, whose contributions are transferred to
the fund in accordance with the provisions of paragraph (c)(1) of this
section, shall be required to make contributions in addition to those
transferred for periods of service for which full contributions were made
to the other Government retirement fund, nor shall any refund be made to
any such participant on account of contributions made during any period to
the other Government retirement fund at a higher rate than that fixed for
employees by section 4(c) of the Civil Service Retirement Act (5 U. S. C. 2254
(c)) for contributions to the fund.
Q (3) 1 (4) No participant, whose contributions are transferred to
the fund in accordance with the provisions of paragraph (c)(1) of this
section, shall receive credit for periods of service for which a refund of
contributions has been made, or for which no contributions were made to
the other Government retirement fund. A participant may, however, obtain
credit for such prior service by making a special contribution to the fund
in accordance with the provisions of paragraph (b) of this section.
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(g) For the purpose of survivor annuity, special contributions
authorized by paragraph (b) of this section may also be made by the
survivor of a participant.
Part H--Retired Participants Recalled, Reinstated, or
Reappointed in the Agency, or Reemployed in the
Government
Reemployment Compensation
SEC. 273. (a) Notwithstanding any other provision of law, any
annuitant who has retired under this Act and who is reemployed in the
Federal Government service in any appointive position either on a part-
time or full-time basis shall be entitled to receive the salary of the position
in which he is serving plus so much of his annuity payable under this Act
[, but there shall be deducted from his salary a sum equal to the annuity
allocable to the period of actual employment. ]] which when combined with
such salary does not exceed during any calendar year the basic salary
such officer or employee was entitled to receive on the date of his
retirement or separation from the Agency. Any such reemployed officer
or employee who receives salary during any calendar year in excess of
the maximum amount which he may be entitled to receive under this
paragraph shall be entitled to such salary in lieu of benefits hereunder.
(b) When any such annuitant is reemployed, the employer shall
notify the Director of Central Intelligence of such reemployment and
shall provide all pertinent information relating thereto.
Q (b) ~ (c) In the event of any overpayment under this section,
such overpayment shall be recovered by withholding the amount
involved from the salary payable to such reemployed annuitant, or from
any other moneys, including his annuity, payable in accordance with the
provisions of this Act.:
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SECTIONAL ANALYSIS AND EXPLANATION
Section 1 amends section 204(b)(3) of the Central Intelligence
Agency Retirement Act of 1964 for Certain Employees, as amended, to
eliminate the requirement that a child be dependent upon a parent partici-
pant in order to receive a survivor annuity, to raise from 21 to 22 the
maximum age for receiving survivor annuity payments as a student, to
increase from 4 to 5 the maximum months absence from school which
may be permitted without terminating such a survivor annuity, and to
permit a natural child of a deceased participant to share in the distribution
of any money or deposit in the CIA Retirement and Disability Fund which
belongs to the deceased participant. Similar changes in the administration
of the Civil Service retirement system were approved during the 89th
Congress by amendment to the Civil Service Act, P. L. 89-407, and the
"Civil Service Retirement Act Amendments of 1966" set forth in P. L.
89-504.
Section 2 amends section 221(e) of the Act to provide for the
commencement and termination date for a child survivor annuity and to
assure that the survivor annuity of a student may be granted even though
it had previously been terminated. A similar provision is contained in
the Civil Service Retirement Act Amendments of 1966, Section 506(d),
P. L. 89-504.
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2
Section 3 amends section 221 of the Act by adding new paragraphs
(i), (j), and (k) as follow:
New paragraph (i) authorizes the payment of annuities from the
fund as soon as a participant otherwise eligible for an annuity enters
nonpay status and incorporates specific provisions for commencement of
annuities to survivors, conforming to the Civil Service provision set
forth at 5 U. S. C. 8345(b).
New paragraph (j) incorporates specific provisions for the
termination of annuities to retirees and survivors, conforming to the
Civil Service provision set forth at 5 U. S. C. 8345(c).
New paragraph (k) provides an option to credit prior civilian
service for which no deductions have been made by reducing the resulting
annuity by 10 percent of the amount owed, conforming to the Civil Service
provision set forth at 5 U. S. C. 8339(h).
Section 4 amends section 236 of the Act to increase the number
of retirements authorized during the period 1 July 1969 through 30 June
1974. It is estimated that the present limit of 400, which applies to all
retirements except disability, will be reached in fiscal year 1973. Under
these circumstances orderly retirement planning cannot proceed. The
limit on number of retirements was established in the Act only for the
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first ten years of the operation of the retirement system and the numerical
limitations placed in the Act were based upon the best estimates that were
available at that time assuming a stable rather than a reducing work force.
Section 5 amends section 252 of the Act to permit the
transfer to the CIA Fund of the employer's contributions as well as
the contributions of the employee when an employee is transferred
from some other Government retirement system to the CIA Retire-
ment and Disability System. In addition, it authorizes the transfer
from the Agency retirement fund of the employee's and the employer's
contributions whenever a participant becomes eligible for participation
in any other Government retirement system. Thus the retirement
fund incurring the liability for the payment of benefits would also be
in receipt of all contributions made by or on behalf of the employee so
covered. It would also permit direct transfer of the employee contri-
bution from the CIA Fund to any other fund, eliminating the present
cumbersome and costly procedure which requires: refund, income
tax payment on any interest, and repurchase of service credit in new
system by deposit of refund and appropriate interest.
Section 6 amends section 252 of the Act by adding a new
paragraph to grant to survivors the same right afforded participants
to purchase prior civilian service. This change conforms to the
Civil Service provision as set forth in 5 U.S.C. 8334(h).
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 Approved For Release 2005/06/09 : CIA-RDP72-00337R000400020054-4
4
Section 7 amends section 273(a) of the Act to permit an annuitant
retired under the Act to receive his full salary upon reemployment in the
Federal Government service subject to a maximum limitation of combined
salary and annuity in the amount of his salary at the time of retirement.
Agency retirees, with few exceptions, need to seek a second career and
may well desire such a career elsewhere in Government. CIA employees
do not acquire status in the competitive service, however, and much of
their experience and competence cannot readily be related to normal
Government positions. The total offset of annuity upon reemployment in
Government service, as it is now required, tends to limit second career
employment opportunities for CIA retirees to the private sector. It thus
tends to deny to the Government the services of individuals who, even
though they have completed their CIA careers, are highly competent.
Retirees under the CIA Retirement and Disability System have earned
their annuities at the time when they retire. This principle appears to
have been established for the Reserve military officer, and more recently,
the retired Regular military officer, and for the retired Foreign Service
Officer. With respect to retired military officers a Reservist can retain
both his civilian salary and his entire annuity, and a Regular officer can
retain his salary plus the first $2, 359. 87 (presently) of his annuity and
50 percent of the balance thereof.
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 STAT
L
UNCLASS4JIIDved Fo3el ff
5/06/09: CIA-RDP72 bD33MPI8QNVZAQ54-4 ^ SECRET
ROUTING AND RECORD SHEET
SUBJECT: (Optional)
CIA Retirement Package
FROM: EXTENSION
NO.
Legislative Counsel
7D35 Hqs
DATE 16 October 1970
TO: (Officer designation, room number, and
DATE
building)
OFFICER'S
COMMENTS (Number each comment to show from whom
RECEIVED
FORWARDED
INITIALS
to whom. Draw a line across column after each comment.)
OGC
On 12 October, OMB
approved transmittal of our
2.
proposed retirement legislation,
OL
but only Title II. Title I, as you
3.
recall, dealt solely with the
OP
financing of the system and its
approval and/or modification
4.
must await the resolution of
OF
Gov't-wide differences on the
funding of all Federal retirement
S
systems.
In view of the Gov't wide
6
problem with Title I, OMB
selected one of the options we
urged on them in our effort to
7
get favorable action on at least
part of the legislation this
C
th
h
d
f
h
ongress ra
er t
an
e
er t
e
$
whole matter to the 92nd Congres .
Attached for your information
9.
is a copy of our transmittal to
.
1970
the Congress appropriately
revised pursuant to the advice of
lo.
OMB. S-
11.
12.
13.
14.
15.
FORM
0-62
610 "IDES U9 ^ SECRET ^ CONFIDENTIAL ^ U5 ONLY
^ UNCLASSIFIED
Approved For Release 2005/06/09 : CIA-RDP72-00337R000400020054-4