BRIEFING TO HPSCI STAFF ON AGENCY FINANCIAL SERVICES

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP90M00005R000100160007-2
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 2
• Document Creation Date: December 22, 2016
• Document Release Date: August 31, 2012
• Sequence Number: 7
• Publication Date: March 15, 1988
• Content Type: MEMO

Declassified in Part - Sanitized Copy Approved for Release 2012/08/31 : CIA-RDP90M00005R000100160007-2
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OCA 88-0774
15 March 1988
MEMORANDUM FOR THE RECORD
SUBJECT: Briefing to HPSCI Staff on Agency Financial Services
1. On 14 March Office of Personnel, Gary
25X1 Foster and Office of Medical Services, met with
Bernard Toon, Richard Giza and John Keliher from the HPSCI
staff to inform them of the financial services provided to
Agency employees. The inquiry arose as a result of recent
testimony provided by the DDCI to the Committee. During the
question and answer period, the DDCI discussed the kinds of
services the Agency provides to employees experiencing
financial difficultieS.
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2. described the services-provided-by the
Office of'Personnel and made the following key points:
--All new EOD_employees receive a one to.two.hour
briefing on basic financial_ management.
--OP is planning a 3 to 4 hour hands on workshop for
employees to assist them in better management of their
finances.
--OP has offered special runnings on financial
management to various Agency offices.
--The Public Service Aid Society (PSAS) was
established in the Agency 30 years ago and is
:supported by contdbUtions from Agency employees. -No,
interest- loans-or in some rare cases, grants are made
to employees who'are experiencing financial hardships.
The, standards and criteria for loans from. PSAS are
high but are applied in a manner Consiste-nt with need.
Last year, there were 3 to 4 applications per month,
? half of which were accepted. PSAS has about $200K in
its account. Contributions by Agency employees amount
to about $30K to $40K per year.
3. Foster then presented the financial counseling
services provided by the Office of Medical Serivices. He
covered how employees are identified as having financial
problems. Among the methods of Ldentification are self
_ Declassified in Part - Sanitized Copy Approved for Release 2012/08/31 : CIA-RDP90M00005R000100160007-2
Declassified in Part - Sanitized Copy Approved for Release 2012/08/31 : CIA-RDP90M00005R000100160007-2
CONFIDENTIAL
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referrals, management referrals, security background
investigations, credit union referrals, and security
reinvestigations. When asked how the Agency defined financial
difficulty, Foster indicated that there is usually an
identifiable pattern which clearly distinguishes those who have
legitimate debt from those who are financially unstable. Foster_
emphasized that the unit responsible for financial counseling
was placed in proximity to other OMS counseling services
because the Agency finds that some employees experiencing
financial difficulties are also experiencing other problems for
which OMS provides counseling.
4 covered the financial counseling
process, including some detail on how the counselors work with
employees to develop a financial plan and budget. She also.
indicated that counselors will work with creditors in some
cases to help employees out of severe debt prOblems.
5. During the briefing the following statistical data
was pr6dded:
? ... . ??.
--75% of OMS clients are GS-9 and below.
--50% have less than 5 years Agency service.
--50% are men.
--33% are married with equal percentage distributions
for single and divorced employees.
?6. There were no problems encountered during the
briefihg. The staffers were looking to se how the Agency has
postured itself to: assist those 'who, in extreme financial-
difficulty', might be tempted to sell classified information to
the opposition. They seemed quit satisfied and suggested that
other community agencies .should-.consider duplicating-Agency
practices.
Distribution:
Orig - OCA Registry
1 - DDA
1 - D/OMS
1 - D/OP
1 - JB
OCA/Senat
-r-Senate Division
Office of Congressional Affairs
(16 Match 88)
CONFIDENTIAL
Declassified in Part - Sanitized Copy Approved for Release 2012/08/31 : CIA-RDP90M00005R000100160007-2