COMPARISON OF PRINCIPAL PROVISIONS OF THE U.S. CIVIL SERVICE AND CIA RETIREMENT SYSTEMS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP78-03092A000100060003-9
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 5
• Document Creation Date: December 9, 2016
• Document Release Date: March 6, 2001
• Sequence Number: 3
• Publication Date: April 15, 1965
• Content Type: MISC

Approved For Release 2001107/12 : CIA-RDP78-03092A000100060003-9
CGW.RISON OF PRINCIPAL PROVISIONS OF THE
U. S. CIVIL SERVICE AND CIA RErIRF7ENT SYSTE24SS
ITEM
CIVIL SERVICE RETIREMENT
CIA RETIREAM
CCl EI9TS
(CSR)
(LIAR)
Contributions
Employee 6 of basic pay
Same
Agency - 6 of basic pay
Annuity Formula
Based on average salary for
Based on average salary for
CIAR annuity is
highest paid consecutive
highest paid consecutive
3.75% of the high-
five years,("high-5") and
five years ("high-5") and
5 average salary
years of creditable service:
years of creditable service:
more than annuity
computed under the
1 1/2% of high-5 x lst 5 years
2% high-5 x total service
CSR formula.
+1 3/1+% of high-5 x 2nd 5 years
+2% of high-5 x remaining years
Reduction for Age
1% of annuity for each year
None
A substantial
under age 60 to age 55, and
reduction in CSR,
2% of annuity for each year
e . g . , 156 at age
below age 55. No reduction
50. No reduction
for disability retirement.
in CZAR.
Approved For Release 2001/07/12 : CIA-RDP78-03092A000100060003-9 15 APR 1965
 Approved ForRelease 2001/07/1.2: CIA-RDP78-03092A000100060003-9
Ca PARISON OF PRINCIPAL PROVISIONS OF THE
U. S. CIVIL SERVICE AND CIA RETIRE2tENT SYSTEMS
ITEM
CIVIL SERVICE RETIREMENT
CIA RETIREMENT
CCt4M TS
(CSR)
(LIAR)
Optional Retirement
Age 60 with 30 years service.
Age 50, upon application
CIAR permits volun-
Age 62 with 5 years service.
and with consent of DCI,
tary retirement
Age 55 with 30 years service,
with 20 years service,
without reduction
but earned annuity reduced
including 10 years CIA
in annu y 10 yearn
by 5%?
service of which 5 years
earlier than CSR.
are qualifying
Involuntary Retirement
Any age with 25 years service.
Same except with no
CIAR has no penalty
Age 50 with 20 years service.
reduction for years
reduction for age.
Earned annuity reduced pro-
of age under 60.
portionately for years under
age 60.
Disability Retirement
Any age with 5 years service.
Same
Minimum annuity guaranteed:
Lesser of 4.0% of high-5
or (2) annuity computed by
extending service to age 60.
Approved For Release 2001/07/12 : CIA-RDP78-03092A000100060003-9
 Approved For Release 2001/07/12 : CIA-RDP78-03092A0001000600.03-9
COMIARISON OF PRINCIPAL PROVISIONS OF THE
U. S. CIVIL SERVICE AND CIA RETIREMENT SYSTEMS
Iii
CIVIL SERVICE RETIREMENT
(CSR)
CIA RETIREMENT
(CIAg)
CC4MEI1TS
Mandatory Retirement
Age 70 vith 15 years service.
GS-18 and above: Age 65.
The DCI may extend
(Not generally applicable to
GS-17 and below: Age 60.
a participant's
CIA employees under current
Either group must have 5
service for a period
Agency retirement policy).
years of Agency service.
not to exceed 5
years under CIAR.
Survivor Annuity
Reduction to provide annuity
Same
Larger annuity
to Spouse
for surviving spouse: If
provided for spouse
retiring employee elects such
under CIAR than CSR
survivor annuity, his basic
for same number of
annuity (or lesser base if he
years service.
chooses) is reduced 2 of
first $3,600 plus 10% of
balance.
Amount of spouse's annuity:
Same
55% of all or whatever part
of retiring employee's earned
annuity he specifies as the
base.
Termination of spouse's
Same
annuity: Death or remarriage.
Approved For Release 2001/07/12 : CIA-RDP78-03092A000100060003-9
 Survivor Annuity
to ld
Death Service
Approved For Release 2001/07/12 CIA-RDP78-03092A000100060003-9
COMPARISON OF PRINCIPAL PROVISIONS OF THE
U. S. CIVIL SERVICE AND CIA RETIRE EIn' SYSTEMS
CIVIL SERVICE s
(CSR)
CIA RETIRE ENT
(LIAR)
Annuity provided for each
um arr ed child up to age
18, or over age 18 if in-
capable of self support, or
to age 21 if full-time stu-
dent. No reduction in
retiring employee's annuity.
Widow or dependent widower
receives 55% of deceased
employee's earned annuity.
Terminates upon death or
remarriage or when widower
becomes capable of self
support.
Each surviving child is pro-
vided with same type of
annuity as that afforded
child of deceased annuitant.
Approved For Release 2001/07/12 : CIA-RDP78-03092A000100060003-9
larger annuity pro-
vided for spouse
under CIAR than CSR
for same number of
years service.
 Approved For Release 2001/07/12 : CIA-RDP78-03092A000100060003-9
CC(PARISON OF PRINCIPAL PROVISIONS OF THE
U. S. CIVIL SERVICE AND CIA RETIREMENT SYSTEMS
Disposition of
Contributions
Cost-of-Living
Adjustments
CIVIL SERVICE RETIREMENT
(CSR)
If an employee or retiree dies,
any contributions to the fluid
(plus any interest) not returned
in annuity are paid in lump sum
to his beneficiary. Likewise
if a separated employee dies,
his contributions (plus any
interest) are payable to his
beneficiary.
Effective 1 April of any year,
upon price index rise of at
least 3A, annuities which began
earlier than 2 January of pre-
ceding year will be increased by
an equivalent percentage.
CIA RETIREMENT
(LIAR)
Approved For Release 2001/07/12 : CIA-RDP78-03092A000100060003-9