PROPOSED SECRET SERVICE AND FBI RETIREMENT BENEFITS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP83B00823R000100120002-2
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 3
• Document Creation Date: December 9, 2016
• Document Release Date: August 24, 2000
• Sequence Number: 2
• Publication Date: June 14, 1971
• Content Type: MFR

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14 June 1971
MEMORANDUM FOR THE RECORD
SUBJECT: Proposed Secret Service and FBI Retirement Benefits
REFERENCE: Memorandum to DCI dated 14 January 1971,
Secret Service Retirement Benefits
1. The new liberalized retirement benefits for Secret Service
and FBI personnel mentioned in referent memorandum were intro-
duced in bill form on 2 June 1971 (H. R. 8836) by Representative David
Henderson (D., N.C. ).
2. The benefits are similar to the sweeteners added to the
District of Columbia Policemen and Firemen's Retirement Act in
October 1970:
a. retirement after 20 years of service regard-
less of age (compared to age 50 in our Act);
b. pensions of 50% of average pay after 20 years,
increased by 3% for each additional year or 80% after
30 years (compared to 40 and 60% at the 20 and 30
year service mark under our Act);
c. inclusion in average pay, for pension com-
putation purposes, of premium pay on an annual basis
for irregular, unscheduled overtime, night and holiday
duty (5 U.S.C. 5545 (c)(2));
d. lump sum payment of $50, 000. 00 to survivors
in performance of duty death cases if elected in lieu,
of FECA compensation.
INTERNAL USE ONLY
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The contribution rate for eligible employees would increase from
7% to 10% effective 30 June 1971.
3. In checking with a responsible professional staff member
of the Subcommittee which would consider this measure, we were
informed that the prospects for favorable action were not bright. On
the other hand, it had been earlier reported to us that the Director
of the FBI had been assured that the President would support an FBI
move to acquire the above benefits.
4. We will continue to monitor the, status of this i slation.
Assibtant Legislative Counsel
Distribution:
Orig. - Subj. File
1 - DDS (SSA)
1 - D/Pers
1 - Security
1 - OGC
1 OLC Chrono
OLC: LLM: rcr
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15~ 9U77
FORM NO. 237 Use previous editions 4 O
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