ANNUAL REPORT FISCAL YEAR 1966, RETIREMENT BRANCH
Document Type:
Collection:
Document Number (FOIA) /ESDN (CREST):
CIA-RDP80-01826R000200100011-1
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RIPPUB
Original Classification:
S
Document Page Count:
5
Document Creation Date:
December 9, 2016
Document Release Date:
December 4, 2000
Sequence Number:
11
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MF
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MEMORANDUM FOR: CHIEF, BENEFITS AND SERVICES DIVISION
SUBJECT : ANNUAL REPORT FISCAL YEAR 1966,
RETIREMENT BRANCH
1. In Fiscal Year 1966 the Retirement Branch of the Benefits
and Services Division was created. The Branch was established to
pull together, into one group, retirement functions that were being
performed by various components of the Office of Personnel.
Basically, the functions assigned to the new Retirement Branch are
as follows:
a. Pre-retirement planning and counseling for employees
covered by the Civil Service Retirement System and for
employees covered by the C. I. A. Retirement and
Disability System.
b. To provide staff guidance and administrative support in
processing applications in connection with Civil Service
retirement for Agency personnel, including applications
requiring secure processing with the Civil Service
Commission.
c. To provide staff guidance and administrative support in
processing applications in connection with the C.I.A.
Retirement for Agency personnel.
d. Administrative support for retirees and survivors under
the C.I.A. Retirement System.
e. Executive Secretariat functions in support of the Agency
Retirement Board.
2. At the present time there are seven employees assigned to
the Retirement Branch: Chief of the Branch, four professional
processing officers, and two in the clerical field.
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HIGHLIGHTS
1. Establishment of the Retirement Branch
Since September 1965 practically the whole 9 months could be
considered as one big "highlight. " With the beginning of a new
branch, many new procedures were established, new recordkeeping
systems were initiated, new personnel were trained, and many
other incidental things were done in order to get everything running
smoothly, not to mention the many smaller details such as acquiring
space, furniture, phones, and supplies. There are certain other
items that should be listed as "highlights" if for no other reason than
for historical purposes.
In the later months of 1965 Congress passed a law granting all
retirees a cost of living increase plus a little extra bonus amounting
to 6. 1 percent of their annuity. This would not have created too much
of a problem except that the law read that anyone retiring prior to
31 December 1965 would also get the above increase. This caused a
mass exodus, and the month of December 1965 showed an alltime high
of those retiring under the Civil Service Retirement System. There
were 69 Agency employees who retired in December 1965.
3. Daniels' Bill
The Daniels' Bill created another workload. It was necessary
to request from the Civil Service Commission the new annuity rates
of all the reemployed annuitants on the rolls.
4. Secure Method of Correspondence
When an individual retires under the Civil Service Retirement
System, the processing by the Retirement Branch usually stops
shortly after the date of retirement because the Civil Service
Commission takes over the case and any inquiry concerning retire-
ment matters is answered by the Commission. However, the
Retirement Branch is responsible for all the continuing adminis-
trative matters for those who retire under the C.I.A. System. This
means that as more and more individuals retire under the C.I.A.
System the workload increases proportionally. For example, when
there was a change in the cost of hospitalization at the first of the
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year, it was fairly easy to notify each annuitant of the rate change.
Now, however, it will be more difficult because we have many more
retirees. Next year the problem will be that much greater. In
5. Retirement Medallions
The Agency decided to award a medallion to those retirees who
have at least 15 years of service with C.I.A. Because the decision
was made to award these medallions retroactively, it was necessary
to review all former employees who had retired to ascertain if they
had 15 or more years of service with C.I.A. before retirement and
whether they were on duty 18 September 1947. Those who were on
duty 18 September 1947 will receive a silver medallion. All others
will get a bronze one. The Branch personnel have completed the
initial screening and are now checking with Central Cover Staff, the
Office of Security, and the Office of Personnel tb determine who
should not get a medallion whatever the reason might be for denial.
6. Agency Retirement Board
The function of the Executive Secretary of the Agency Retirement
Board increased in one respect. More 5-year letters were sent to
those eligible in 197.1 than had been sent in previous years. This
means that more interviewing and counseling will be done by the
Executive Secretary. About the same number of cases of extension
requests was processed by the Board in Fiscal Year 1966. However,
most of the cases were processed in the first half of the Fiscal Year
with only two cases going to the Board in the last half of the Fiscal
Year. This probably can be explained by the Daniels Bill bonus.
Some individuals retired in 1965 to receive the extra bonus who might
otherwise have asked for a deferment by the Board. This next Fiscal
Year may show that the number of Board cases returns to the normal
pattern.
7. Military Retired Pay
It was discovered that if an individual dies in service and he is
in receipt of military retired pay his widow cannot use the husbandrs
military time in the computation of service for Civil Service annuity
purposes. Steps are being taken to insure that this will not occur in
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the future. One method being used at the present is to have the
retired officer or enlisted man write a letter to the Military
Retired Pay Section indicating his intent to waive his retired pay
prior to his death or retirement.
PROJECTION: FISCAL YEARS 1967 AND 1968
1. Fiscal Year 1967 will show a significant increase in the
workload of the Retirement Branch. At the end of Fiscal Year 1966,
there were 62 annuitants under the C. I. A. Retirement System. It
is estimated that 92 persons will retire in Fiscal Year 1967, and
89 will retire in Fiscal Year 1968. These total to 243 annuitants that
will be on the rolls by the end of FY 1968. Although the number of
retirees per year is not too significant, the overall workload will
increase tremendously, as the more retirees we have under the
system, the more persons there are with whom we must maintain
contact. (See Chart No. 1 attached. )
2. It is difficult to predict the extra workload that might be
created if Congress passes the law to allow employees to retire at
age 60 with 20 years of service or at age 55 with 30 years of service
without a reduction in the annuity for age. Chart No. 2 shows the
number of those employees who could elect to retire prior to their
normally scheduled date.
Other statistics are attached. See Chart No. 3.
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