A BILL

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP78-03721A000500070001-7
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 3
• Document Creation Date: December 12, 2016
• Document Release Date: May 6, 2002
• Sequence Number: 1
• Content Type: REGULATION

Approved.
89th CONGRESS
1st SESSION
Release 2002/06/26 :CIA-RDP78-03~1A000500070001-7
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IN THE HOUSE OF REPRESENTATIVES
A BILL
To provide certain increases in annuities payable from the
Central Intelligence Agency Retirement and Disability Fund, and
for other purposes.
Be it enacted by the Senate and House of Representatives of
the United States of America in Congress assembled, That Section 291
of the Central Intelligence Agency Retirement Act of 1964 for Certain
Employees (50 U. S. C. 403 note) is amended to read as follows:
"SEC. 291. (a) On the basis of determinations made by the
Civil Service Commission pursuant to Section 18 of the Civil Service
Retirement Act, as amended, pertaining to per centum change in the
price index, the following adjustments shall be made:
"(1) Effective December 1, 195 each annuity payable
fron.x the fund which has a commencing date not later than
December 1, -1965 shall be increased by (a) the per centum
rise in the price index, adjusted to the nearest one-tenth of
1 per centum, determined by the Commission on the basis
of the annual average price index for calendar year 1962 and
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the price index for the month of July of calendar year 1965,
plus (b) 1-1 / 2 per centum. The month of July of calendar
year 1965 shall be the base month for determining the per
centum change in the price index until the next succeeding
increase occurs.
"(2) Effective the first day of the third month which
begins after the price index shall have equaled a rise of at
least 3 per centum for three consecutive months aver the
price index for the base month, each annuity payable from
the fund which has a commencing date not later than such
effective date shall be increased by the per centum rise in
the price index (calculated on the highest level of the price
index during the three consecutive months) adjusted to the
nearest one-tenth of 1 per centum.
"(b) Eligibility for an annuity increase under this section shall
be governed by the commencing date of each annuity payable from the
fund as of the effective date of an increase, except as follows:
"(1) Effective from its commencing date, an annuity
payable from the fund to an annuitant's survivor (other than a
child entitled under Section 221(c) ), which annuity commences
the day after annuitant's death and after December 1, 1965,
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 Approved~o.r Release 2002/06/26 :CIA-RDP78-0~721A000500070001-7
shall be increased by the total per centum increase the annuitant
was receiving under this section at death.
"(2) For purposes of computing an annuity which com-
mences after December 1, 1965 to a child under Section 221(c),
the items $600, $720, $1, 800, and $2, 160 appearing in Section
221(c) shall be increased by the total per centum increase al-
lowed and in force under this section and, in case of a deceased
annuitant, the items 40 per centum and 50 per centum appearing
in Section 221(c) shall be increased by the total per centum in-
crease allowed and in force under this section to the annuitant
at death.
"(c) The term 'price index' shall mean the Consumer Price Index
(all items--United States city average) published monthly by the Bureau
of Labor Statistics. The_.term 'base month' shall mean the month for
which the price index showed a per centum rise farming the basis for a
cost-of-living annuity increase.
"(d} No increase in annuity provided by this section shall be
computed on any additional annuity purchased at retirement by voluntary
contributions.
"(e) The monthly installment of annuity after adjustment under
this section shall be fixed at the nearest dollar, except that such install-
ment shall after adjustment reflect an increase of at least $1. "
Approved For Release 2002/06/26 :CIA-RDP78-03721A000500070001-7