PAYROLL DEDUCTIONS FOR RETIREMENT AND TAKE STOCK PLANS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP78-03089R000100030001-1
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 4
• Document Creation Date: December 12, 2016
• Document Release Date: March 11, 2002
• Sequence Number: 1
• Publication Date: June 1, 1968
• Content Type: MAGAZINE

Approved For Release 2002/03/20 : CIA-RDP78-03089R000100030001-1
Payroll Deductions for Retirement and TAKE STOCK Plans
Retirement plan
Payroll deductions for the retirement plan (vari-
able annuity, fixed annuity, or both) are expressed
as a percentage rate of your salary :
? The STANDARD rate is 6% of salary.
? The MINIMUM rate is 6% of salary reduced by
317o on salary up to the current Social Security
base (now $7,800).
? The MAXIMUM rate is different for each in-
dividual member; the Retirement System will
figure it for you on request.
TAKE STOCK plan
Participation in the Voluntary Retirement Sav-
ings and Investment (TAKE STOCK) Plan is
optional. It lets a member acquire an equity in
mutual fund shares through payroll deductions.
If a member of the Retirement System is regu-
larly buying U. S. Savings Bonds through payroll
deductions, he is eligible to TAKE STOCK in the
Fidelity Trend Fund, which seeks capital growth,
or the Puritan Fund, which primarily emphasizes
investment income; or he can save in both funds.
Payroll deductions for the TAKE STOCK plan
are expressed in whole dollars :
? The minimum is $5 if you invest in only one
mutual fund ; or $10 if you put money in both
Fidelity Trend and Puritan funds.
? The maximum depends on how much you con-
tribute for your annuity in the retirement
plan. You can have total deductions - in both
the retirement and TAKE STOCK plans - of
no more than 16% of salary.
Form RS-132, TAKE STOCK Deductions
and Retirement Contributions
Use this form
? to put money in either one of the mutual funds
or both of them
? to continue your present retirement percentage
or change it.
Discuss it with your family and decide how much
you want to invest in the TAKE STOCK plan.
Then fill out form RS-132 (or first send a note
to the Retirement System if you need help about
your retirement percentage before you decide).
? Insert the number of dollars you want to put
in one or both funds.
? Check any change you want to make in your
present retirement percentage.
? Sign form RS-132, enter the date and your
home address, and send the form to the TVA
Retirement System through interoffice mail.
Your payroll deductions will start as soon as
possible after your form RS-132 is received. You
can stop the TAKE STOCK deductions or change
the amount at any time. You'll get a quarterly
statement showing the dollars you've put in and
your equity expressed in mutual fund shares
credited to your account.
You'll also get quarterly reports from both funds
if you authorize deductions in either fund.
If you decide not to save through the TAKE
STOCK_plan right now, hold the form for possible
use later.
Beneficiary
The beneficiary you have named to receive your
retirement plan contributions will be the bene-
ficiary for your TAKE STOCK plan equity unless
you designate another one.. If you want to
designate a different beneficiary for your TAKE
STOCK plan equity, check the last box under
TAKE STOCK plan on form RS-132; the Retire-
ment System will send you form RS-2B, Bene-
ficiary Designation for Voluntary Retirement
Savings and Investment Plan.
NEWTON B. DICKS
Executive Secretary
Approved For Release 2002/03/20 : CIA-RDP78-03089R000100030001-1
 Approved For Release 2002/03/20 : CIA-RDP78-03089R000100030001-1
To: TVA Retirement System, 104 OPO, Knoxville
Payroll No. Man No. Retirement No.
TAKE STOCK Deductions and Retirement Contributions
TAKE STOCK PLAN
[:]--Start deductions El--Change my deductions
[:]--Fidelity Trend--$ .00 (minimum $5.00)
[--Puritan--$ .00 (minimum $5.00)
[l--Stop my TAKE STOCK deductions
[]--I want the beneficiary for my TAKE STOCK equity to be
different from the one for my retirement contributions.
Send me a form.
RETIREMENT CONTRIBUTIONS
Q--Change my % to % (not less than 6).
[--Change my % to % (not less than 6) reduced by 3% on salary
up to Social Security base.
^--Reduce my contributions by 3% on salary up to Social Security
base (check only if your % is 6% or more).
[]---Cancel my previous reduction of contributions by 3% on salary up
to Social Security base.
Home Address:
Street
City State Zip
RS-132 (2-67)
Signature
Copy to member and payroll office
'Effective
pay period
Approved For Release 2002/03/20 : CIA-RDP78-03089R000100030001-1
 Approved For Release 2002/0 / 0 RO 030 01-1
1 LI Y TREND FUND
FOR PERIOD June 16 193* - July,,, 31, 1966
INVESTMENT PER
DOLLARS
VALUE
PAY PERIOD
PUT IN
JULY 31, 1966
$5
$ 1,061.00
$ 3,700.00
10
2,124.00
7,403.00
25
5,309.00
18,509.00
50
10,617.00
37,015.00
ILLUSTRATIONS OF
ASSUMED INVESTMENTS
IN THE
TAKESTOCK
INVESTMENT PER
DOLLARS
VALUE
PAY PERIOD
PUT IN
JULY 31, 1966
$ 5
$ 1,375.00
$ 2,672.00
10
2,752.00
5,345.00
25
6,879.00
13,363.00
50
13,758.00
26,724.00
BASED ON 1% SALES CHARGES
All dividends reinvested and capital
gains accepted in shares.
Period covered by above studies was one of generally rising common stock
For Release 200~RI /2i~.'Eetn-vb p' mGc dbalb(o@366(yl ted above do not assume
INVESTMENT IN PURITAN FUND
FOR PERIOD January 1, 1956-July 31, 1966
 FIDELITY TR.RvEJ1'cr'dMPise 96o Y' IMTIPI~-Fgpf8=A8 00IIWTgCK PLAN
in terms of continuous investments of $5 each bi-weekly pay period with Dividends
Reinvested and Capital Gains Distributions Accepted in Shares. Based on 1% Sales
Charge.
The table below covers the period from June 16, 1958 to July 31, 1966, a period of generally rising common
stock prices. The results shown should not be considered as a representation of the dividend income or capi-
tal gain or loss which may be realized from an investment made in the Fund today. A program of the type
illustrated does not assure a profit or protect against depreciation in declining markets.
COST OF SHARES PURCHASED
VALUE OF SHARES
YEAR
ENDED
DEC. 31
AMOUNT OF
DIVIDENDS
REINVESTED
ANNUALLY
CUMULATIVE
DIVIDENDS
REINVESTED
TOTAL OF
INITIAL AND
PERIODIC
INVESTMENTS
TOTAL COST
INCLUDING
REINVESTED
DIVIDENDS
FROM
INITIAL AND
PERIODIC
INVESTMENTS
ACCEPTED
AS CAPITAL
GAINS
SUB-
TOTAL
FROM
DIVIDENDS
REINVESTED
TOTAL
VALUE OF
INVESTMENT
1958*
$ -
$ -
$ 76
$ 76
$ 94
$ -
$ 94
$ -
$ 94
1959
1
1
206
207
292
16
308
2
310
1960
4
5
336
341
535
42
577
7
584
1961
5
10
466
476
1,030
80
1,110
18
1,128
1962
15
25
596
621
944
64
1,008
29
1,037
1963
19
44
726
770
1,522
92
1,614
61
1,675
1964
27
71
856
927
1,859
104
1,963
96
2,059
1965
32
103
986
1,089
2,960
271
3,231
176
3,407
1966**
-
103
1,061
1,164
3,086
435
3,521
179
3,700
*June 16 to December 31 only. **January 1 to July 31 only.
Dollar amounts of capital gains distributions accepted in shares were: 1958-none; 1959-$15; 1960-$18; 1961-$7; 1962-none; 1963-none; 1964--none; 1965-$74; 1966-$150; Total-$264.
PURITAN FUND, INC. / ILLUSTRATION OF AN ASSUMED TAKE-STOCK PLAN
in terms of continuous investments of $5 each bi-weekly pay period with Dividends
Reinvested and Capital Gains Distributions Accepted in Shares. Based on 1% Sales
Charge.
The table below covers the period from January 1, 1956 to July 31, 1966, a period of generally rising common
stock prices. The results shown should not be considered as a representation of the dividend income or capi-
tal gain or loss which may be realized from an investment made in the Fund today. A program of the type
illustrated does not assure a profit or protect against depreciation in declining markets.
COST OF SHARES PURCHASED
VALUE OF SHARES
YEAR
ENDED
DEC. 31
AMOUNT OF
DIVIDENDS
REINVESTED
ANNUALLY
TOTAL OF TOTAL COST
CUMULATIVE INITIAL AND INCLUDING
DIVIDENDS PERIODIC REINVESTED
REINVESTED INVESTMENTS DIVIDENDS
FROM
INITIAL AND
PERIODIC
INVESTMENTS
ACCEPTED
AS CAPITAL
GAINS
SUB-
TOTAL
FROM
DIVIDENDS
REINVESTED
TOTAL
VALUE OF
INVESTMENT
1956
$ 3
$ 3
$ 130
$ 133
$ 128
$ 1
$ 129
$ 3
$ 132
1957
12
15
260
275
213
3
216
13
229
1958
20
35
390
425
455
4
459
42
501
1959
27
62
520
582
632
13
645
74
719
1960
36
98
650
748
712
34
746
104
850
1961
44
142
780
922
937
68
1,005
163
1,168
1962
53
195
910
1,105
978
88
1,066
201
1,267
1963
62
257
1,040
1,297
1,245
131
1,376
293
1,669
1964
76
333
1,170
1,503
1,482
207
1,689
394
2,083
1965
86
419
1,300
1,719
1,884
289
2,173
558
2,731
1966*
78
497
Approved'For Release 206872103/20: CIA-RI)P78-0308AR000100030001-12'085 587
2,672
*January 1 to July 31 only.
Dollar amounts of capital gains distributions accepted in shares were: 1956-$1; 1957-$2; 1958-none; 1959-$9; 1960-$21; 1961-$29; 1962-$24; 1963-$30; 1964-$63; 1965-$39; 1966-none; Total - $218.