RETIREMENT LEGISLATION

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP78-03721A000500080037-7
• Release Decision: RIPPUB
• Original Classification: U
• Document Page Count: 2
• Document Creation Date: December 16, 2016
• Document Release Date: May 25, 2005
• Sequence Number: 37
• Publication Date: October 8, 1969
• Content Type: MFR

f Approved For Release 2005/06/13 CIA-RDP78-03721A000500080037-7
CIA INTERNAL USE ONLY'
8 October 1969
STATINTL
SUBJECT: Retirement Legislation
1. This date a meeting was held to identify the amendments to the
CIA Retirement Act to be proposed to our legislative committees and to
review for recommendation to Colonel White the various courses of action
available to us in connection therewith. Attending were Messrs. Maury,
Coffey, Warner,
2. The attached package was distributed to the attendees prior to
the meeting.
3. It was, agreed that:
a. The five Daniels /McGee bill benefits were of overriding
importance and that no other substantive provisions should be proposed
lest they "muddy up the waters. "
b. The procedural administrative authority proposal should be
broached informally with the committees because:
(1) the Daniels/McGee bill development offers a unique
opportunity to illustrate that it would be an efficient and effective
method for picking up the five Daniels /McGee bill benefits and
the five specific liberalizations to the Civil Service system
enacted subsequently to the CIA Retirement Act,
(2) it would facilitate for the Agency and the committee
the updating of the CIA Act to future liberalizing amendments
to the Civil Service Act by avoiding the lengthy delays associated
with the processing of legislation, and
,
Approved For Release 2666/d&TiRb -Rb~i8Q
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 Approved For Release 2005/06/13 : CIA-RDP78-03721A000500080037-7
CIA INTERNAL USE ONLY,
(3) it would reduce, if not eliminate, the foreseeable need
for bringing CIA legislation to the floor with the attendant risks
of generating ungermane controversy.
STATINTL
c. It would not be counterproductive to the Agency's interests,
however, to review with senior staff members on our legislative committees
those specific changes in the CIA Act not covered under "a" and "b" above
but which we may like to see adopted some time in the future (item "c" of
attachment). In this connection said that in three years we
would probably exhaust the 400 statutory limit on retirements which expires
30 June 1974.
d. It would be premature to contact BOB at this time since we
do not know what their recommendation to the President will be on the
Daniels /McGee bill.
4. Funding. The question of whether the funding provisions of the
Daniels/McGee bill should apply to the CIA retirement fund was discussed
with inconclusive results. Generally, it was felt that the funds were not
comparable in view of the differences in the magnitude of the funding problem
and in normal costs (the required five year acturarial study of the CIA fund
will not be completed before the end of the month). It was tentatively
concluded that, aside from political considerations, it was possibly pre-
mature to determine the type of funding needed to assure that the fund has
a sound financial basis. Mr. Coffey agreed to look into this area further.
5. Summary. It was agreed that Mr. Maury would seek a meeting
STATINTL with Colonel White, with Messrs. Bannerman, Warner, and Dattending,
to review the outcome of the meeting and to obtain his views on the courses
of action outlined in paragraph 3.
STATINTL
Assistant Legislative Counsel
CIA INTE yNAL USE ONLY
Approved For Release 2005/06/13 : Cl -RDP78-03721A000500080037-7