RETIREMENT DEDUCTIONS - TEMPORARY INDEFINITE EMPLOYEES

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP78-04914A000200010003-2
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 1
• Document Creation Date: December 14, 2016
• Document Release Date: January 9, 2003
• Sequence Number: 3
• Publication Date: May 11, 1949
• Content Type: MEMO

M
SW(J 25X1
Approved For Release 2003/01/28 : CIA-RDP78-04914A000200010003-2 I
71 May 1949
MPMORANDUM
TO : Payroll Section,$CFB
FROM Chief, Confidential Funds Branch
CONFIDENTIAL
SUBJECT: Retirement Deductions - Temporary Indefinite Employees
1. Reference is made to the present procedure for processing re-
tirement deductions withheld from salaries of "non-security-cleared
pool" employees. To date, retirement deductions for such employees
have been held in "Excrow," pending security clearance, at which time
the funds held in ":escrow" were deposited in accordance with Civil
Service retirement procedure. In the event that security clearance was
not granted, resulting in separation, the funds so withheld have been
refunded to the employee.
2. The above procedure has been questioned by the CSR Commission
and, as a result, has been discussed in a meeting held in the office of
the Budget O fear on 10 Ilay 1948, attended by Mr. E. R. Saunders, Bud-
et Officer 25X1
3. It was the consensus of all concerned that the basis for estab-
lishing the procedure described in paragraph 1, above, has been altered:
(procedure established, on the promise that such employees were "tempo-
rary", whereas, for a considerable length of time, the actual classifi-
cation has been "temporary indefinite") therefore, the present procedure
should be amended to provide for processing of retirement deductions
from such employees in accordance with procedure established for all
other employees paid from Confidential Funds.
4. Accordingly, effective with the beginning of the pay period next
following this date, retirement deductions withheld from salaries of all
"pool employees" classified as "temporary indefinite" (or permanent) by
the Personnel Office will be deposited in accordance with existing pro-
cedure for all other employees. Henceforth, no refunds will be made directly
by this Branch. In the event that security clearance is not granted, re-
sulting in the separation of the employee concerned, the employee, if he
desires refund of retirement deductions, must apply therefor to the
CSR Commission.
5. Funds now held in "Escrow" will be deposited along with all other
retirement accounts at tho next regularly scheduled date.
lY $haggo, jr Class, Chief,
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