COMPARISON OF PRINCIPAL PROVISIONS OF THE CIVIL SERVICE AND CIA RETIREMENT SYSTEMS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP68-00140R000200230003-2
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 5
• Document Creation Date: November 11, 2016
• Document Release Date: November 12, 1998
• Sequence Number: 3
• Content Type: CHART

Approved For Release : CIA-RDP68-0014OR000200230003-2
OC RISOg OF FRUMM PROVISIONS OF TAB
G"Iv1Z 3ERPI(S AM CIA FATLWM SISTE 4
NOMs This chart has been prepared to give only feral information about these two retirement systaneo
presentation is necessarily simplified and sexy tsahnic al points are not covered.)
Civil Servioe Retirement
_(C
CIA Retirement
Contributions to
Retirement Fwyi
CoAmpetation of Annuity
Formula
Cost-of-living
Ad juetnen-t
Bye alayse : 6 % of basic pay
By Agency : of basic pay
Based on average salary for highest
paid consecutive five years of ser--
vi?e ("high-5") and years of credi-
table service.
l i% of hi time let 5 years of
service + 1/34% of high-5 time 2nd
5 yea"' of service + 2% of high-5
times remaining years of service,
80% of high-5
(attained at 40 years 31 Mntha
of service)
Effective 1 April of arv year upon
a pries index rise of at least A.
annuities m ii ch began earlier than
2 January of preceding year will be
increased by an equivalent per*~
2% of high-5 times years of
service.
70% of high-S
(attained at 35 years of
service)
CILR annnf ty is 3.75%
of high4 ~r+a than an
annuity cowmited i r
the CSR formula.
Although CSR's nex1am
is higher, because of
difference is an city
foMLIa, it would take
about 36 Tears 10 n nths
of service under C to
earn the LIAR max1mum
annuity. A CZAR partial-
pent eligible for a
Mgr annuity =U%r CSR
may request transfer to
that system.
Approved For Release : CIA-R )P68-0014OR000200230003-2
 COMPq4tion Of
coat d
Reduction for age
optional (oo bmt cry )
Retirement
Involuntary Retirement
(Discontinued
Servive)
Approved For Release : CIA-RDP68-0014OR000200230003-2
Civil Servios Ret3rem nt CSR) CIA Retirement (CIARj
Annuity is reduced by 1% for each
year under age 60 to age 55, and
2% for each year below age 55. This
reduction does not apply In the
own at 4LOOMi Wit.
no ftd rl Mary Ref e As% of
3SQ provided special ParOMANSO
increases in Civil Service annuities
on a decreasing scale over a 5 year
period. Adjustment for 1965 retire-
ments is 2%, for 1966, 1%. Bone
after 1966.
Available at:
Age 60 with 30 years service;
Age 62 with 5 years service]
Age 55 with 30 years service, btit
earned annuity reduced bry, 5%.
I dusts annuity available if
involuntarily separated, not for
cwnse, if :
Any age with 25 years service;
Age 50 with 20 years service.
Earned annuity reduced pz xw-
tionatel?y for years under age 60.
No reduction for age for any
type of retirement.
Available at ague 50 with 20
years service, iruclaaing 10
years Agena service of
which 5 yew are quality--
ing, Upo1 application and
with consent of DCI.
Involuntary retirement at
the discretion of the DCI
if:
Any age with 25 years ser-
vice; or Age 50 with 20 years
service. In either case,
must have 10 years of Agea
service including 5 years of
qualifying service.
A substantial reduction
any occur under CSR,
for exampis, 15% at
age 50.
As i e cste4, t W
a apsew tae of
the 1962 Pay Act for
Civil Service amaitiss
only.
CIAR permits voluntary
rotirsaem With full
earned anuui iW 10 yearn
earlier than CSR.
CZAR discontinued ser-
vice ar r .ty- has no
reduction for age.
Approved For Release : CIA-RDP68-0014OR000200230003-2
 Approved For Release : CIA-RDP68-0014OR000200230003-2
Item Civil Service Retirement CSB CIA Retirement (CIA$ Coats
Disability Rstireamt Available at arW age with 5 years of Sar
service,
Guaranteed Minimum annuity is the Seas
Laser of s
(1) 40$ of high; or
(2) annuity coi ted by extending
service to age 60.
Under federal income tax the "sick- Same
pair" exclusion (up to ;300 per
week) is applicable to disability
annuity up to optional retirement
lbnda y (Age)
Retirement
Deferred Annuity
Death in Service
Required at age 70 with 15 year. of
service, (However,, the Agency anti
locate eaployees to retire when eligi-
ble for optional retirement without
age reduction in annuity unless re-
quested to remain in service,)
An employee who is separated before
becoming eligible for an inasdiate
annuity but with 5 years or more of
service nMy elect to leave his c m-
tributions in the Retirement Fund and
receive an annuity at age 62.
Required atr
Age 65 if GS-18or ebmi
Age 6o if 08-17 or below,
The DCI ^ay extend a pares
oipent's service for not
more than 5 years.
soft* roept that partici-
P" not have 5 years of
Age service,
If .'ploy.. had five or more rears Same
of services
i.daw or dependent widower receive
55% of deceased employee's earned
a ty. This annuity terminates
?Peet OWW Or remarriage or when -do-
war becomes capable of
(cor*'4)
3
Approved For Release : CIA- DP68-00140R000200230003-
Although mandates re-
tirement ages are not
the sages, in moat oases
age 60 is the age when
meet eMloyees are ex-
pected to retire,
Because of difference
in annuity fa ila, sur-
vivor annuities are
larger under CIAR than
winder GM.
 Approved For Release : CIA-RDP68-0014OR000200230003-2
Item
Reed 1cyment of
anna tent in
federal service
child up to age 18, or ever age 18 if
inospable of aslf-support, or to age 21
if full-time student. Amount of annu-
ity depends on whether there is a sur-
viving spouse and number of children,
Annuity provided for each unmarried I Saris
At time of retirement, employee may
elect to reoeiwe a reduced amenity
to provide a sae'viv w bent t to
spouse. Anuuit- it cries on death
or remarriage of a vivirt apet e.
Surviving spouse sensiws of
employee' ff eaxord at tity 'Mr of
lesser base if employee eleetsl.
Satan as annuity for child of
employee who dies in service.
contributions to an employee who year requirement applies
is separated with less than 5 to Agency service,
There is an automatic refund of Same except that the 5
years of service. An employee with
mare than 5 years of service may
elect a retard or a deferred annuity
(see above).
Because of differerwe
in as lty foraorils, sur-
vivor annuities are
larger under CIAR than
under Q.
Anmzitant may be reemployed by the
federal government0 Generally, his
annnttl is offset against his salar7o
4
Approved For Release : CIA-RDP68-0014OR000200230003-2
 C. .t ARISON 0=' C?R AND CIAR 1'0:;''~:1Y
Approved For Release : CIA-RDP68-0014OR000200230003-2
A P.MTY RATES
AGE 50 WITh 20 YEARS SERVICE
HIGH - FIVE AVERAGE SALARY
$7, 000
Type 01
Annuity ! CSR C1AR
A
C
$9,000 $10,00 $11,000
-~----- _ - ____ {` r--- CSR CZAR
CSR I CIAR 1! SF .?IAR __ -.
180
t 233
'
1
' 231
300
P57
333
175
227
?6"
225
292 f
253
322
j
98
128
146
127
165
1
141
- 18 =
HIGH - FTVF AVFFA72 SAJJ HY
Type o r
Annuity
323 412
183 238
334 i 433
'' +1'00r
I; i IAR I' CSR C1Ax CSR ' LIAR
CSY, CIA R CS
i 53 j
00 41
3
t
O
.
5 5
360 4r 5 3
i
,
34F Ez42 3 X72 393 502
198 256 212 275 293
!... 1, 11 . 226
$12,000
CLAP
232
366
308
400
.
`75
352
300
38?
155
201
169
220
k18c
CZAR
CSR
CIA_R
' 1 37
566
463
600
4l6
532
439
562
240
311
254
330 _-J
A -- Annuity to a retired enployee if survivor benefit is not elected.
B _, Annuity to a retired employee wi.tb L xis: m benefit to curv-i vin , spouse .
C Maxi= benefit to surviving spouse of retired em-p]oyee, or benefit to widow or dependent
widower of enployee whose death occurs before retirenent.
Note: CSR figures tire based on Disconti. ued Service or Involuntary Retirement annuities and
do not include the percentage increases provided by PL 87-793 for individuals retiring
from January 1963 through December 1966, for example, 2% in 1965.
14, c-c
Approved For Release : CIA-RDP68-0014OR000200230003-2