TENTATIVE DETAILED DESCRIPTION OF PROPOSED CIA RETIREMENT SYSTEM

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP78-04718A002600170016-0
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 1
• Document Creation Date: December 9, 2016
• Document Release Date: June 13, 2001
• Sequence Number: 16
• Publication Date: July 11, 1958
• Content Type: MF

Approved For Release 2001/
JOB No. BOX NO FLD N ..__-__)OC. O NO CHANGE
IN CLASS/ IDECLA I ICLASS CHANGE!) TO: ` S ( BI ' . j UST. _AZ
NEXT D T` e~1 aybr~ , 621
July 1958
. PG Bs - :A IO DA r -._,._ogG COT 2- OPI & ? ORG CLASS-LL
REV CLASS-4i-REV coOfiD. ?^ AJTH.- HR 70-3
MEMORANDUM FOR: Messrs. White, Stewart,
SUBJECT: Tentative Detailed Description of Proposed
CIA Retirement System
The attached detailed description of a proposed CIA Retirement System
follows the format of the Kaplan Report of 1954. Comparison can be made with
the 26 then-extant Federal Retirement Systems. The salient features of the
proposal are:
(a) Restriction of coverage to true Career Emplo ees of the Agency.
rsee paragraph I A, page 1 of the attached
(b) Extension of coverage to certain contract employees, for
operational reasons of a long range nature. LSee paragraph I B 5(b),
page iJ
(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 CIA to accept employment
elsewhere in the Government with suspension of only part, rather
than all of his already earned annuity. [See paragraph I B 6,
page 2j
(d) The adoption of the "Ellsworth Formula" - early retirement at age 50
after 20 years creditable service, 10 of which have been spent over-
seas, with com utation of annuity at straight 2%. See paragraph
II A, page 3j
(e) Involuntary retirement, at the discretion of the DCI, at any time
after age 55. [See paragraph II A 2(a), page 7
(f) Compulsory retirement at age 60 except in special cases. [See
paragraph II A 3(a), page 4.7
(g) Involuntary retirement at age 15, if selected out, with limited
annuity. [See paragraph II A 2(b), page 3j
(h) Involuntary retirement at less than age 1+5, if selected out, with
one year severance pay in lieu of annuity. /-See paragraph
II A 2(c), page 4
Deputy Dir'ctor of Personnel
for Planning and Development
UqMN1UT_ -,
DIA .
Approved For Release 2001/08/10 : CIA-RDP78-04718AO02600170016-0