MINUTES CIA RETIREMENT BOARD MEETING 2:00 P.M., 9 MAY 1968

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP78-03092A000500080001-5
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 3
• Document Creation Date: November 17, 2016
• Document Release Date: September 4, 2000
• Sequence Number: 1
• Publication Date: May 9, 1968
• Content Type: MIN

Approved For Release 2000/09/11: CIA-RDP78-03092A000500080001-5
S E C R E T
MINUTES
CIA RETIREMENT BOARD MEETING
2:00 p.m., 9 May 1968
PRESENT:
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- Acting Chairman
- DDP Member
- DDP Member
- DDI Member
- DDS&T Member
- DDS Member
- Legal Adviser
- Technical Adviser
- Recording Secretary
- Executive Secretary
1. The minutes of the eighty-seventh meeting of the Board were reviewed
and approved.
2. The Board reviewed 5 cases of employees who had been nominated for
designation as participants in the System, and 2 requests from participants
for disability retirement. The Board took action as follows:
a. Recommended designation as participants of the following
named employees who have completed 15 years of Agency service:
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b. Recommended designation as a participant of the following
employee who will complete 15 years of Agency service on the date
indicated:
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1 September 1968
c. Recommended approval of the requests for disability retirement
received from the following named participants:
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Upon expiration of sick leave
Upon expiration of sick leave
3. The Chairman informed the Board that the Director of Personnel was
forwarding the case of to the Director with his concurrence in
the Board's recommendation for extension until 31 July 1969 and he was further
recommending that there should be no further extension in this case.
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S E C R E T
4. The Board next considered the case of a par- 25X1A9a
ticipant in the CIA Retirement System, who had requested that her currently
scheduled retirement date, 30 June 1968, be deferred until 26 July 1968. The
basis for this request was to allow her accrued annual leave to be paid at the
increased rate scheduled to be effective 14 July 1968. After discussion of
this case and the realization that there were 13 other employees scheduled to
retire prior to the pay increase who would also benefit from a similar exten-
sion, the Board unanimously recommended that the Director of Personnel present
this problem to the Director for his decision. The Board further recommended
that this memorandum not deal with this particular case but should deal with 25X1A9a
the total number of employees that would be retiring before the pay increase.
Therefore, the Board deferred the case of pending the Director's 25X1A9a
decision on the above memorandum.
recommended that extension beyond January 1970 not be approved. ne boar
mously recommended that retirement be deferred until 10 January
1970 and that extension beyond that date should not be approved. The Board noted
that will complete 60 months of qualifying service in August 1969
and at that time would meet the criteria for designation as a participant in the
CIA Retirement System. The Board stated that the record should reflect that her
age at that date should not disbar her from acceptance in the System.
6. The Board next considered a request from the Director of Communications
25X1A9a that currently scheduled retirement date, 31 October 1968,
be deferred until 31 December 1968. The basis for this request was
desire to have her accrued annual leave payment paid in calendar year 1969 in
order to reduce the income tax which she must pay on her 1968 income. The Board
unanimously recommended that in view of the small amount of annuity
that the requested extension be approved based on grounds of financial hardship.
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7. The final case considered by the Board was a request from
- requesting that his currently scheduled retirement date, 31 December
1968, be further deferred until 11 April 1969. The bases for this request were:
(a) a statement that this postponement would assist in a more orderly transfer
of duties and training of replacement; (b) considerable reduction in taxes on
his accrued annual leave payment. The Director of Scientific Intelligence and
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the Deputy Director for Science and Technology stated that while they have no
25X1A9a basis for recommending approval of this request, if the extension is approved
they would not object. The Board noted that would not gain any
tax advantage by the extension since retirement on either date would mean
25X1A9a payment for accrued leave in calendar year 1969. The Board unanimously recom-
mended that request for deferment of retirement be disapproved.
8. The meeting adjourned at 3:20 p.m.
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Approved For Release 2000/09/11: CIA-RDP78-03092A000500080001-5