POLICY DECISIONS - CIVIL SERVICE RETIREMENT

Document Type: 
Collection: 
Document Number (FOIA) /ESDN (CREST): 
CIA-RDP89-00066R000900080008-0
Release Decision: 
RIPPUB
Original Classification: 
K
Document Page Count: 
3
Document Creation Date: 
December 22, 2016
Document Release Date: 
January 14, 2011
Sequence Number: 
8
Case Number: 
Publication Date: 
January 24, 1985
Content Type: 
MISC
File: 
AttachmentSize
PDF icon CIA-RDP89-00066R000900080008-0.pdf122.86 KB
Body: 
Sanitized Copy Approved for Release 2011/01/14: CIA-RDP89-00066R000900080008-0 ' ?DDA 85-0197/1?-- '= Date ROUTING AND TRANSMITTAL SUP 24 January 1985 M. (Name. oMce symbol, room number, wilding, Agency/Post) irector of Personnel Initials . ~, eo -. l 1985 4. e /o 00 on File Note and Return proval for Clearance Per Conversation S Requested For Correction Prepare Reply irculate For Your Information See Me mment Investigate Signature coo Justify CIA, on 24 January 1985. Comptroller, y_ Russ Neely OM .xaminec at The Attached Policy Decisions -?Civil' Service Retirement was given to Danny Childs, DO NOT use this form as a RECORD of approvals. concurrences, disposals. clearances, and similar actions FROM: (Name, org. symbol, Agency/Post) E0/DDA 6041-102 GPO : 1983 0 - 381-529 (301) Room No.-Bldg. 7D 24 Hqs OPTIONAL FORM 41 (Rev. 7-76) Prrscribsd GSA F-MR (41 CFW 101-11.206 Sanitized Copy Approved for Release 2011/01/14: CIA-RDP89-00066R000900080008-0 Sanitized Copy Approved for Release 2011/01/14: CIA-RDP89-00066R000900080008-0 Policy.Decisions - Civil Service Retirement. 1. Nakao COLA adjustment in 1986. 2. Penalise early retirement b S percent Per Year under age 65w th s 10 year phase-in. 3. Change salary base for annuity calculation from high-three to nigh five average sa ary. 4. COLA, lower of CPI or General Schedule pay increase. 5. COIA SS ercent over the base limitation of $10 000 in 1985. The base would be increased by each-CO-MA adjustment, 6. Conform with Social Security: eliminate adult student benefits, eliminate minimum annuity, change eligibility rules for survivors of active workers to parallel treatment in the private sector--Social Security is paid to widow(er)s (1) with children, *(2) disabled, or (3).age 60 or over. 7. Phase out credit for unused sick leave at 20 percent per year, For retirements in 1986, 80 percent of an employee's sick- leave balance would be creditable for retirement, in 1987 60 percent, etc. 8. Phase-in increased Postal Service contributions for retirement to cover the dynamic normal cost. Details on the- phase-in will be provided later. Sanitized Copy Approved for Release 2011/01/14: CIA-RDP89-00066R000900080008-0 ILLEGIB Sanitized Copy Approved for Release 2011/01/14: CIA-RDP89-00066R000900080008-0 Policy Decisions - Civil Service Retirement. 1. Make no COLA adiustment in 1986. 2. Penalise early retirement by 5 percent per year under age 65, with a 10 year phase 3. Change salary base for annuity calculation from high-three to high five average salary. v-4. COLA lower of CPY or General Schedule pay increase. fi5. COLA 55 percent over the base limitation of $10#000 in 1985. The base would a increased by each COLA adjustment. 6. Conform with Social Security: eliminate adult student benefits, eliminate minimum annuity, ch li ange e gibility rules for survivors of active workers to parallel treatment in the private sector--Social Security is paid to widow(er)s (1) with children, (2) disabled, or (3).age 60 or over. Phase out credit for unused sick leave at 20 percent per year. For retirements in 1986, 80 percent of an employees s ck leave balance would ho creditable for retirem 198 t i en 7 60 n 'h ~,, ?.(.?.-'G.-G.2.t+..W~: i -