ADMINISTRATION'S POSITION ON RETIREMENT LEGISLATION

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP89-00066R000300030003-6
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 22, 2016
• Document Release Date: February 28, 2011
• Sequence Number: 3
• Content Type: MISC

Approved For Release 2011/02/28: CIA-RDP89-00066ROO0300030003-6
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ADMINISTRATION'S POSITION ON RETIREMENT LEGISLATION
(BASED UPON CONSTANCE HORNER'S TESTIMONY BEFORE FORD'S COMMITTEE)
? No early retirement (age 55 CSRS) without reductions up to age 62
? No annuity supplement from age 55 (CSRS) until age 62
? Favors high-5 over high-3 average salary computation
? No full indexing for COLA. Instead favors CPI minus 2%
? No 401k type Thrift Plan. Could support another type thrift plan.
? No sick leave accrual for retirement purposes
? No survivor annuity for adult students from age 19 to 22
? Maximum cost of payroll 20%
NOTE: No comments were made in testimony regarding special categories
(firefighters, law enforcement, air traffic controllers)
Approved For Release 2011/02/28: CIA-RDP89-00066ROO0300030003-6