COMPARISON OF PRINCIPAL PROVISIONS OF THE CIVIL SERVICE, FOREIGN SERVICE, AND PROPOSED CIA RETIREMENT SYSTEMS
Document Type:
Collection:
Document Number (FOIA) /ESDN (CREST):
CIA-RDP78-03721A000200020008-8
Release Decision:
RIFPUB
Original Classification:
K
Document Page Count:
4
Document Creation Date:
November 11, 2016
Document Release Date:
March 5, 1999
Sequence Number:
8
Case Number:
Content Type:
CHART
File:
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Body:
Approved For Release 1999/09/10 : CIA-RDP78-03721A000200020008-8
TAB
Approved For Release 1999/09/10 : CIA-RDP78-03721A000200020008-8
Approved For Release 1999/09/10 CIA-RDP78-03721 A000200020008-8
[ Chart 1
COMPARISON OF PRINCIPAL PROVISIONS OF THE CIVIL SERVICE,
FOREIGN SERVICE, AND PROPOSED CIA RETIREMENT SYSTEMS
General
Employee Contribution
Basic Annuity Formula
Maximum Annuity
Mandatory Retirement
6 1/2% of basic pay
Based on high 5-year-average salary:
1 1 2 of high 5 -IX 1st 5 yrs service
+1 3/41 of hi 5 x 2nd 5 yrs service
+ 2% of high 5 x remaining yrs
service
80% of high-5 salary
Age 70 with 15 years service
Based on high-5-year average salary:
2% of high-5,x total years service
70% of high-5 salary
Career Ambassador and
Career Minister or
GS-18 and above: age 65
FSO Class 1 and below
or GS-17 and below: age 60
Approved For Release 1999/09/10 : CIA-RDP78-03721A000200020008-8
Approved For Release 1999/09/10
CIA-RDP78-03721A00020002000$~ '?rt 2
COMPARISON OF PRINCIPAL PROVISIONS OF THE CIVIL SERVICE,
FOREIGN SERVICE, AND PROPOSED CIA RETIREMENT SYSTEMS
PROVISIONS
CIVIL SERVICE
FOREIGN SERVICE & CIA
Optional Retirement
Age 60 - 30 years service
Age 50 - 20 years service
Age 62 - 5 years service
(full earned annuity -
(immediate annuity)
Age 55 - 30 years service-annuity
not reduced)
is reduced by 5%
Discontinued Service -
FSO Classes 1-3 or GS-14 and above:
Selection Out
Any age - 25 years service
Immediate annuity at any age
Age 50 - 20 years service
5 years service (annuity not reduced)
(immediate, but annuity is
FSO Classes 4-7 or GS-13 and below:
reduced by 15%)
Separation pay at rate of one month's
salary per year of service up to one
year's salary; plus deferred annuity
at age 60.
Age 50 - 20 years service (full earned
annuity - not reduced)
Disability Retirement
Age and Service
Any age - 5 years service
Same
Minimum Annuity
Lesser of: 40% high 5-year..
Same
average salary or annuity
computed by extending service
to age 60.
Taxability
Under Federal income tax "Sick
Fully tax exempt.
Pay" exclusion, first $100 per
week tax exempt until optional
retirement age.
Chart 2
Approved For Release 1999/09/10 : CIA-RDP78-03721A000200020008-8
Approved For Release 1999/09/10 CIA-RD P78-03721A000200020008 rt 3
COMPARISON OF PRINCIPAL PROVISIONS OF THE CIVIL SERVICE,
FOREIGN SERVICE, AND PROPOSED CIA RETIREMENT SYSTEMS
Survivor Annuity to Widow
Reduction of employee's
annuity
Amount of widow's annuity
Termination of widow's
annuity
Reemployment of Annuitant
2 1/2% of first $3,600 plus
10% of balance
55% of employee's basic annuity
Death or remarriage
Annuity offset against, salary
2 1/2% of first $2,400 plus
10% of balance
50% of employee's basic annuity
Death only
exceed basic pay at time of
retirement
Annuity plus salary cannot
Approved For Release 1999/09/10 : CIA-RDP78-03721A000200020008-8