DCI CONCERNS RE PAYMENT OF RANK STIPEND AND PERFORMANCE AWARD MONIES IN JANUARY 1981

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP95-00535R000300020002-0
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 4
• Document Creation Date: December 27, 2016
• Document Release Date: September 4, 2013
• Sequence Number: 2
• Publication Date: September 24, 1980
• Content Type: MEMO

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Declassified in Part - Sanitized Copy Approved for Release 2013/09/04: CIA-RDP95-00535R000300020002-0
STAT
STAT
24 September 1980
MEMORANDUM FOR: Deputy Director of Central Intelligence
FROM:
Harry E. Fitzwater
Director of Personnel
Policy, Planning, and Management
SUBJECT: DCI Concerns re Payment of Rank Stipend and
Performance Award Monies in January 1981
Issue #1
By delaying payment of Rank Stipend and Performance Award monies, will
the Agency be subject to criticism regarding the integrity of the SIS Rank
Stipend and Performance Award Program?
We have discussed this matter with the Office of Personnel
Management (OPM) and found no cause for concern if CIA permits
stipend and award recipients to choose between receiving their
bonus payments in January 1981 rather than in December 1980.
OPM is aware of the Department of State's published procedures
permitting their Senior Executive Service (SES) members to so
choose and has no objections. OPM's only caveat is that stipend/
award payments be made in the same fiscal year for which pro-
grammed, budgeted, and approved. This has always been our intent.
Issue #2
Would payment of Rank Stipend and Performance Award monies in January 1981
provide an incentive to the SIS recipient to retire?
CIA's experience with pension cost-of-living increases and
anticipated changes in the Federal retirement systems has been
that relatively few senior officers have decided to retire
based on short-run financial considerations. While there are
tax advantages in receiving stipend or award payment in one's
first year of retirement while the annuity is not taxed, we
doubt that this will prove to be a significant factor in a
senior officer's decision to retire or to continue working.
In any case, the following breakdown of the number and
amounts of stipends/awards which may be approved indicates
that only IS officers can receive payments of $9,000
or more:
-- A potential
CIA SIS officers are affected.
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Dollar Amounts Payable for Stipends and Awards
SIS-6
SIS-1 through SIS-5
($52,750)
($50,112,50)
RANK STIPENDS
Distinguished Officer
$16,880*
$19,517.50*
Meritorious Officer
$10,000
$10,000
PERFORMANCE AWARDS
20%
$10,550
$10,022.50
18.96
$ 9,495
$ 9,020.25
15%
$ 7,912.50
$ 7,516.87
11%
$ 5,802.50
$ 5,512.37
7%
$ 3,692.50
$ 3,507.87
*Reduced to comply with statutory limitation on total remuneration ($69,630).
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ST
ROUTING AND RECORD SHEET P

SUBJECT: (Optional)
r-
SIS Stipend/Performance Awards HAND CARR?
FROM:
Harry E. Fitzwater
Director of Personnel
EXTENSION
NO.
tA4.- CP' 3Y .%1
Cr Policy, Planning, and Management
DATE
24 September 1980
TO: (Officer designation, room number, and
building)
DATE
OFFICER'S
COMMENTS (Number each comment to show from whom
RECEIVED
FORWARDED
INITIALS
to whom. Draw a line across column after each comment.)
1.
Deputy Director of
Central Intelligence
2
5 SEP 1
STAT
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