WITHDRAWAL OF VOLUNTARY CONTRIBUTIONS TO THE RETIREMENT FUND

Document Type: 
Collection: 
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
Case Number: 
Publication Date: 
December 17, 1958
Content Type: 
REPORT
File: 
AttachmentSize
PDF icon CIA-RDP78-04724A000200040024-4.pdf127.58 KB
Body: 
25X1A 25X1A 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 25X1A 25X1A 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