WITHDRAWAL OF VOLUNTARY CONTRIBUTIONS TO THE RETIREMENT FUND

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP78-04724A000200040024-4
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 2
• Document Creation Date: November 11, 2016
• Document Release Date: June 16, 1999
• Sequence Number: 24
• Publication Date: December 17, 1958
• Content Type: REPORT

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Approved For Release 1999/09/20 : CIA-RDP78-04724A000200040024-4
DEC iFj58
Of Voluntary Cont ions
to the
Retireemmt Fund
Retirement Act persits employees to
voluntary contributions in addition to the
ed from their pr. Them contributions must be mede in
total nay not *mead 10 perceet of the total basic
t 1 1920.
ly Ioyees 1er. not rmitted to withdrew their voluntary
on accounts unless they left 'smarmiest service or transferred to
by the Civil Service retirement system. A new lav
Congrese removed this prohibition. The new law
employee's muds may ahange after be has made voluuterY
00 it now permits him to elect to take lump-sum efund of
any contributions he has made. An emplopeilidaimmmileme this
option must thdrow his total voluntary contribution -- Dot Just'. part 0
it. Re my request the payment at any time, and interest OD
voluntary contributions 'mill be paid at the rate of 3 pima
aenually to the date that the Civil Service Commission authomiammilevemat
date of separation from apvermsent service, whichever is earlier.
An employee who elects to take a refund may not make further volnetery
coetributions etile be continues in goverment service. Nowever, If he becomes
absolutely separated from sorwrimneat service sad is later reemployed, he re-
gains eligibility to make voluntagy coetributions.
toluntary contributions should not be confused with (1) deposits made
to over period* of service for which retirement deductions were not made,
(2) redeposits to cover periods for which deductions were made and later re-
funded, or (3) regular contributiona deducted from salaries of employees.
The money held in the Retirement ltni for an employee under Ley one of these
three categories is refUndable only ithen an employes leases government service
end, geelles for a refund at least 31 days before the earliest commencing data
of any annultypsommt to 'which he is eetitled.
Distribution:
0&1 -
3--
1 - D Pers Subj. File
1 - D/Pers Reader/Chrono
OD/Persillillillimp (17 Dec 58)
This document is inrt et ae it,tegretA
file it seem...tall Evani tie Me it must be
plbjacted to individual systematic review,.
Approved For Release 1999/69/20 : CIA-RDP78-04724A000200040024-4
4, I
Approv
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Approve
?It; 1.,A.0?-' '.; '? ",. ; ; ;
UNCLASSIFIED i FIDE ' - 1
CENTRAL INTELLIGENCE AGENCY
OFFICIAL ROUTING SLIP
TO
NAME AND ADDRESS
INITIALS
DATE
122 East
.
ACTION
DIRECT REPLY
PREPARE REPLY
APPROVAL
DISPATCH
RECOMMENDATION
COMMENT
FILE
RETURN
CONCURRENCE
INFORMATION
SIGNATURE
Remarks: .
FRO1
DATE
A For. Releas
DEC 1953
1 UNCLA
FORM NO. ryl7 R.2places Form 30-4
U.S. GOVERNMENT PRINTING OFFICE ; 155-0-342531
0040024-4
040024-4