MEMORANDUM OF UNDERSTANDING

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP89-00066R000800190001-6
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 4
• Document Creation Date: December 27, 2016
• Document Release Date: December 12, 2012
• Sequence Number: 1
• Publication Date: November 13, 1987
• Content Type: MISC

Declassified in Part - Sanitized Copy Approved for Release 2012/12/12 : CIA-RDP89-00066R000800190001-6
ROUTING AND RECORD SHEET
SUBJECT: (optional)
Memorandum of Understanding with FRTIB
FROM:
EXTENSION
NO.
DATE
i-e -RP
Chief, Retirement Investments Branch, OP/RD
TO: (Officer designation, room number, and
building)
DATE
OFFICER'S
COMMENTS (Number each comment to show from whom
to whom. Draw a line across column after each comment.)
At the 28 December 1987 meeting,
the Federal Retirement Thrift
Investment Board returned our
draft Memorandum of Understanding
(MOU). They have suggested a
couple of changes. Once these are
they will discuss the MOU
with MY. Frank Cavanaugh, the
Executive Director. They have
asked us to get a security clearance
for him so they can answer any
questions he might raise. According
Office of Security we should
have something by mid - January.
RECEIVED
INITIALS
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FORM 61 0 USE PREVIOUS tr U.S. Government Printing office: 19115-494-134/49156
1-79 EDITIONS
Declassified in Part - Sanitized Copy Approved for Release 2012/12/12 : CIA-RDP89-00066R000800190001-6
TAT
STAT
STAT
Declassified in Part- Sanitized Copy Approved forRelease2012/12/12 : CIA-RDP89-00066R000800190001-6
DRAFT 10 NOV 1987
MEMORANDUM OF UNDERSTANDING .
I. Purpose
A. This memorandum formalizes existing understandings between the
Executive Director, Federal Retirement Thrift Investment Board (FRTIB),
and the Director of Personnel, Central Intelligence Agency (CIA),
regarding administration of responsibilities and functions of the
Thrift Savings Plan (TSP) with respect to:
1) employees of the CIA; and,
B. It is understood that application of this memorandum to non-CIA
employees is limited solely to that group of employees of the specific
element of the Department of Defense as identified in discussions
between FRTIB and CIA.
Should it be determined in the future that similar circumstances
apply to other non-CIA employees involved in
activities with the CIA, separate and independent agreements and
memoranda of understanding must be executed for each such case.
II. Scope of Arrangement between CIA and the FRTIB
A. General Functions and Duties to be Assumed by the CIA
1) This memorandum reaffirms that the DCI has elected to exercise
his authority, effective 1 January 1987, to administer all TSP
functions, not specifically excluded by law, as applicable to CIA
employees and their beneficiaries. In carrying out such functions,
CIA wilaimply with all applicable provisions of
Employ-- 'etirement stem (FERS) Act of 1986 ortthf.n and
such fi?'1'iary responsibilities as may be imposed on uch
Act or law.
2) By delegation of authority from the Executive Director of the
FRTIB under provisions of the FERS Act of 1986, and consistent with
that Act and the authorities and responsibilities of the DCI under
Title 50 USC to protect intelligence sources and methods from
unauthorized disclosure and to protect the identities of certain
United States intelligence personnel, CIA will administer,
according to the same processes and procedures applicable to CIA
employees, TSP functions not excluded by law relative to those
specific non-CIA employees referred to in paragraph I A (2) above.
JIAr
3) The CIA will -formieze - ' Memoranda of Understanding with the
employing agency of such non-CIA employees relative to
administration of TSP functions.
STAT
STAT
Declassified in Part - Sanitized Copy Approved for Release 2012/12/12 : CIA-RDP89-00066R000800190001-6
Declassified in Part- Sanitized Copy Approved for Release 2012/12/12 ? CIA-RDP89-00066R000800190001-6
4) j_e wiii consuir wirn r-Krits snouia circumbuances require
substantial revision of the 's CIARDs, CSRS, and FERS retirement
regulations and/or procedure involving TSP matters.
5) In the event that the DCI determines that it is no longer
appropriate to internally administer specific TSP functions, the
employing agency of affected non-CIA employees and the FRTIB will
be provided sufficient advance notice of such action so asto
provide adequate time for such agency and the FRTIB to assume
responsibility for administering such functions and
responsibilities.
B. General Functions and Services to be Performed by FRTIB
1) The FRTIB shall furnish such information and, on a reimbursable
basis, such services as CIA requests to carry out those functions
and duties determined by the DCI following consultation with the
Executive Director of the FRTIB, as appro rfo
the CIA.
:$14/:1/(1-1/e1-
2) The CIA will conduct periodic inte al in ions-and audits
of-the TSP accounts and disbursements In a manner consistent with
the Director of Central Intelligence's responsibility to protect
identities, intelligence sources, methods, activities, and
sensitive intelligence data, internal inspection and audit reports
concerning TSP accounts and disbursements will be subject to review
by FRTIB personnel who have appropriate program responsibilities
and security clearances.
3) Subject to such security requirements, including the
requirement for certification of clearances, CIA will permit
appropriately delimited review within the. FRTIB of a specified TSP
procedure being used by CIA to the extent necessary for the FRTIB
to satisfy any fiduciary duty retained by the FRTIB and not 8psymed/
or shared by CIA with respect to that specified procedure.
III. Establishment of Inter-Agency Implementation Procedures
A. Operating agreements and procedures developed jointly between CIA
and FRTIB officials currently in effect to implement the DCI's
administration of TSP functions will continue under this Memorandum of
Understanding.
B. The establishment of new procedures, and the modification or
revision of existing operating procedures, will be jointly developed by
appropriate officials of CIA and FRTIB as requirements dictate.
The functions which may be involved include, but are not limited to:
1) Maintenance of individual employee TSP account records.
2) Transmission of employee and Agency contributions to the FRTIB.
3) Maintenance of a control system for employee TSP account
balances reconcilable with corresponding controls at FRTIB.
4) Accounting for disbursements from, and allocations of earnings,
losses, and charges to, individual employee TSP accounts.
Declassified in Part - Sanitized Copy Approved for Release 2012/12/12 : CIA-RDP89-00066R000800190001-6
Declassified in Part - Sanitized Copy Approved for Release 2012/12/12 : CIA-RDP89-00066R000800190001-6
IV. Supplemental Memoranda of Understanding
Ati,000,0
Separate Supplemental Memoranda of Underst ding consistent with
the contact and scope of this basic Memorand 0 ay be esablished to
address specific, joint operating procedures 17d responsibilities
relative to administration of the TSP and other topics of particular
significance where re elaboration or clarification is required.
V. Duration of Memorandum of Understanding
This memorandum will continue in effect until terminated by either
signatory giving written notice to the other Agency or through mutual
agreement that a formal Memorandum of Understanding is no longer
necessary.
Approved for the Federal Retirement Thrift Investment Board this day
of 1987.
Executive Director
Federal Retirement Thrift Investment Board
Approved for the Central Intelligence Agency this day of 1987.
Director of Personnel
Central Intelligence Agency
Declassified in Part - Sanitized Copy Approved for Release 2012/12/12 : CIA-RDP89-00066R000800190001-6