TENTATIVE DETAILED DESCRIPTION OF PROPOSED AGENCY RETIREMENT SYSTEM

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP91-00965R000400220016-6
• Release Decision: RIFPUB
• Original Classification: U
• Document Page Count: 1
• Document Creation Date: December 15, 2016
• Document Release Date: December 18, 2003
• Sequence Number: 16
• Publication Date: July 14, 1958
• Content Type: REQ

I-N-T-E-R-N-A-L U-S-E O-N-L-Y
Approved For Release 2004/05/13: CIA-RDP91-00961IRO
, X-C
SUBJECT: Tentative Detailed. Description of Proposed Agency Retirement System
1. The attached detailed description of a proposed Agency Retirement System
follows the format of the Kaplan Report of 1954. Comparison can be made with the
26 then-extant Federal Retirement Systems described in that report. The salient
features of the present proposal are:
(a) Restriction of coverage to true Career Employees of the Agency. [See
paragraph I A, page 1 of the attached description.]
(b) Extension of coverage to certain contract employees, for operational
reasons of a long range nature. [See paragraph I B 5(b), page 1.2
(c) The adoption of a proposal similar to one made by the Department of State
(which has been cleared by the Bureau of the Budget) which would permit
a retired Career Employee of the Agency to accept employment elsewhere
in the Government with suspension of only part, rather than all, of his
already earned annuity. L See paragraph I B 6(a), page 2.2
(d) The application of the same principle as in (e) above to certain special
contract employees who have retired after age 50 so that they may be
utilized in certain operational situations of a long-range nature.
(See paragraph I B 6(b), page 2.J
(e) The adoption of the "Ellsworth Formula" - early retirement with full
immediate annuity with permission of the Director at age 50 after 20
years creditable service, (military and civilian), 10 of which shall have
been spent overseas, 5 of the 10 having been spent as an Career
Employee, with computation of annuity at straight 2$. ee paragraph
II A 1, page 3.J
(f)cw Involuntary retirement at any time after age 55 at the discretion of the
Director with full immediate annuity. [See paragraph II A 2(a),
page 3.2
(g) Involuntary retirement at age 45 or more, with Immediate limited annuity,
if selected out. [See paragraph II A 2(b), PILO 3.J
(h) Involuntary retirement at less than age 45 with one year severance pay
in lieu of annuity, if selected out. [See paragraph II A 2(c), page 4.2
(i) Compulsory retirement at age 60 except in special cases with full
immediate annuity. [See paragraph II A 3(a), page 4.2
2. A determination will have to be made whether the Agency Retirement System
should be within the Civil Service Retirement System, controlled and administered
by the Civil Service Commission or thether it should be separate from the Civil
Service Retirement System and administered by the Agency in the way the Depart-
ment of State handles the Foreign Service Retirement System. Each method has
certain advantages and disadvantages. It is also a matter of legislative
strategy.
Approved] R 2AQg/O,V4?-ECI4-.FA]Q9$}-00965R000400220016-6