RETIREMENT LEGISLATION

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP74B00415R000600030014-4
• Release Decision: RIPPUB
• Original Classification: U
• Document Page Count: 2
• Document Creation Date: December 12, 2016
• Document Release Date: January 3, 2002
• Sequence Number: 14
• Publication Date: January 23, 1972
• Content Type: MFR

Approved For Release 2002/01/23 : CIA-RDP74B00415R000600030014-4
F..
23 January 1972
SUBJECT: Retirement Legislation
1. Called Hilda Schreiber, Legislative Reference Service, Office
of Management and Budget, and explained that by the middle of the year
we will be facing a major problem in our retirement system because of
the inadequacy of the retirement ceiling. I explained that although we
had had an increase in the ceiling in 1970, it was proving to be inadequate
because of the increased number of retirements brought about by two
factors which could not be anticipated in 1970--first, voluntary retire-
ments as a result of several cost-of-living adjustments of annuities and
second, the ever-increasing reduction in work force. Miss Schreiber
was sympathetic to our position and said she would obtain a copy of the
legislative program we had submitted on 17 October 1972 which covers
this ceiling problem.
2. She said she was not giving us an OMB clearance to proceed
with legislation, but suggested that we might be thinking of suitable
vehicles for remedial language in other legislation to be reported out by
our congressional committees. I told her we were thinking of doing just
that.
3. In connection with the remainder of our retirement legislation,
Miss Schreiber was somewhat chggrined that our financing proposal has
been held up since 1970, explaining that it was our interpretation of the
law as reflected in our draft which lead Treasury to its view that the
existing Civil Service and Foreign Service financing legislation be revised.
She explained that OMB was still waiting for language from State, but agreed
that the issue may not be resolved by the middle of the year. (See Memo-
randum for the Record dated 7 July 1972, Subj: Conversation with Robert
Hull on Retirement Financing. ) I reminded Miss Schreiber that the delay in
resolving the financing problem was also delaying a number of other important
amendments which are based on benefits already being provided by other staff
Approved For Release 2002/01/23 : CIA-RDP74B00415R000600030014-4
 Approved For Release 2002/01/23 : CIA-RDP74B00415R000600030014-4
retirement systems and our failure to keep pace is creating inequities.
I told her we were still proposing these amendments and that we planned STATINTL
shortly to submit a formal legislative proposal,f r OMB clearance and
that we were hoping for early favorable actio
Distribution:
Orig - Subj file
1 - DDS
1 -OP
1-OF
1 - OP-PB (Mr. Briggs)
OLC / LLM: smg (24 Jan 73 )
Uftr ONLY
Approved For Release 2002/01/23 : CIA-RDP74B00415R000600030014-4