CIA ADMINISTRATION OF THE THRIFT SAVINGS PLAN

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP89-00066R000800190008-9
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 4
• Document Creation Date: December 27, 2016
• Document Release Date: December 12, 2012
• Sequence Number: 8
• Publication Date: May 25, 1988
• Content Type: MISC

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Declassified and Approved For Release 2012/12/12 :CIA-RDP89-000668000800190008-9
D RAFT - 5/25/88
SUBJECT: CIA ADMINISTRATION OF THE THRIFT SAVINGS PLAN
MEMORANDUM OF UNDERSTANDING
I. ~gose
A. This memorandum reflects the understandings
between the Executive Director, Federal Retirement
Thrift Investment Board (FRTIB), and the Director of
the Central Intelligence Agency (CIA), regarding the
administration of the Thrift Savings Plan (TSP).
Pursuant to 5 U.S.C. 8461(k); the Director of the CIA
is authorized to assume authority over those
operations of the Thrift Savings Plan which he deems
appropriate, except for the investment of funds in
the Thrift Savings Fund.
B. The Director of the CIA has properly delegated
his or her responsibility under 5 U.S.C. 8461(k) to
the undersigned Director of Personnel, CIA.
C. This Memorandum covers all employees of the CIA.
D. For purposes of 5 U.S.C. 8461(k), the CIA has
determined that the term "employees of the CIA"
includes certain civilian employees of an
intelligence element of the Department of Defense
jointly assigned with CIA employees to a specific
intelligence activity of such national security
sensitivity that the identities of such assignees
must be protected from unauthorized disclosure. Such
term does not include any other persons in similar
circumstances. Should the CIA determine in the
future that other persons in similar circumstances
should be designated as employees of the CIA for
purposes of 5 U.S.C. 8461(k), separate and
independent agreements and memoranda of understanding
will be executed in each instance.
II. Functions of the Parties
A. Functions to be Performed by the CIA
1) Under. the authority granted in 5~U.S.C.
8461(k), the Director of the CIA has
elected to exercise his authority,
effective January 1, 1987, to administer
all TSP functions not specifically excluded
by law with respect to CIA employees
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identified in paragraphs I.C. and I.D. As
part of such authority, the CIA has decided
to conform, where it deems desirable, to ~~
the rules, regulations, and procedures of
the FRTIB. The functions assumed by the
_CIA include, but are not limited to, the
following:
a) Maintenance of individual
employee TSP account records;
b) Transmission of employee and
agency contributions to FRTIB;
c) Maintenance of a control
system for employee TSP account
I' ~ ~~ I balances reconcilable with
din controls at FRTIB?
n
correspo
g
d) Accounting for disbursements
from, and allocations of
earnings, losses, and charges to,
individual employee TSP accou~n
e) Processing and pays'' ng'~~~'rrith= N
wals from TSP
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f) Processing and paying loans. ~ LI~~ ~
and processing loan repayments. ~w~w~s~ ~ (~"
2) The CIA will comply with all applicable ~ ~?~~
provisions o~ law; including the Federal v ~' .~ ~~!~~,~
Employees' Retirement System Act of-1886,
as amended, and such fiduciary responsi-
bilities as may be imposed on the CIA by
such Act.
3) With respect to persons identified in
paragraph I.D., the CIA will:
a) enter into a Memorandum of
Understanding with the employing
agency of such persons which will
permit the employing agency to
conform to the rules,
regulations, and procedures of
the FRTIB;
b) in the event that the CIA no
longer desires to administer
certain TSP functions with
respect to such employees, give
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 Declassified and Approved For Release 2012/12/12 :CIA-RDP89-000668000800190008-9
the employing agency and FRTIB
such time as FRTIB requests to
assume responsibility for
administering such functions.
4) Prior to implementation, the CIA?will ~1,~~
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materially affect FRTIB's operation of TSP. ~-~ ~ ~ ~,=n-S
CIA will conduct
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t annuall
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y,
as
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~`'~ ~ internal inspections and audits of TSP ,~~ ~~
accounts and ~~i~~urs~ements under its ~ ~~~pQ
jurisdiction. hesQe inspections and ~''~~~ ~C~ 1~,~~
~ 3 a?rlit~c mill b made available for review by .- ~ a~.~~.~aa ~.._'E~f` ._
fiYViYVLYi v.ujr~vj ..~... rj ~..~~~ ~.. ~. ___~ ~~r~'_ -~'.---- \i'- ^ v
~of Labor,~`in a manner consistent with CIA's ~~~
responsibility to protect identities, intelligence
sources, methods, activities, and sensitive
intelligence data.
B. Functions to be performed by FRTIB
1) FRTIB will continue to hold and invest
TSP contributions on behalf of CIA
employees.
2) FRTIB will furnish CIA with such
information and, on a reimbursable basis,
provide such services as the CIA determines
~ ~ 1, to be necessary to carry out the functions
j~ and duties the CIA has assumed with respect
to TSP, after consultation with the
Executive Director of the FRTIB.
III. ~p_lementation Procedures
Operating procedures to implement this
Memorandum will be developed through consultation
between appropriate representatives of the FRTIB and
the CIA. Procedures already in place will continue
until modified or superceded by new procedures.
IV. Supplemental Memoranda of Understanding
Separate supplemental memoranda of understanding
consistent with this basic Memorandum may be
developed to address specific procedures and
responsibilities relating to the administration of
TSP which are not addressed in this Memorandum.
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V. Duration
This Memorandum will continue in effect until
terminated by either signatory. Termination will~be
accomplished by written notice to the other signatory
2 at least 90 days in advance of the effective date of
such termination.
Approved for the Federal Retirement Thrift Investment Board
this day of , 1988?
Executive Director
Federal Retirement Thrift Investment Board
Approved for the Central Intelligence Agency this day
of , 1988.
Director of Personnel
Central Intelligence Agency
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