COST ESTIMATES OF OPTIONS FOR COVERAGE OF FEDERAL EMPLOYEES UNDER THE SOCIAL SECURITY SYSTEM

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP89-00066R000900110031-0
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 81
• Document Creation Date: December 22, 2016
• Document Release Date: January 11, 2011
• Sequence Number: 31
• Publication Date: October 23, 1979
• Content Type: MISC

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COST ESTIMATES OF OPTIONS FOR
COVERAGE OF FEDERAL EMPLOYEES UNDER THE
SOCIAL SECURITY SYSTEM
The Compensation Group
Office of Personnel Management
October 23, 1979
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Benefit and Cost Illustrations for Methods of Extending
Special Security Coverage to Federal Employees
Preface
This paper is the third of three prepared by the Office of the Actuary of the
Office of Personnel Management for the Universal Social Security Study Group.
The first paper discussed various methods of integrating the federal fringe
benefit system with Social Security if the latter were extended to federal
employees. The second paper presented options if Social Security coverage is
not extended to-federal employees. This paper presents detailed analysis of
the impact on the federal systems, the general economy, and individual employees
of the packages presented in the first paper.
This paper begins with a discussion of the assumptions used in determining the
costs and projections. This is followed by presentation of the actuarial
costs - normal cost and change in unfunded liability - and the economic impact
projected over 76 years. Finally, there is a presentation of the impact on
individual benefits for a wide range of employees.
Benefit Packages
The first paper contains extensive discussion of the details of new systems
that could be put in place if Social Security coverage were extended to federal
employees. Readers are referred to that paper for complete details on those
packages. A brief description of the packages follows.
The minimum change model is the current system changed as little as needed to
integrate with Social Security. The retirement formula is 1.4 percent a year
for the first five years service; 1.5 percent for the next five years; and 1.75
percent for years over ten with a maximum of 80 percent of high three pay. The
benefit is offset by 1.25 percent times service times the PIA after age 62 with
an equal supplement before age 62. Contributions are 7 percent over the FICA
base but nothing below that base. There is no forfeiture for refund of contri-
butions but only a reduction in the benefit value. The eligibility conditions
are the same as in the current system. There is a separate disability benefit
with eligibility conditions and benefit amounts the same as in the current
system but with the benefit fully offset by Social Security before age 62. The
offset after age 62 is 1.25 percent times the Social Security benefit times
service before disablement. There is no change in the sick leave system. The
survivor benefits are paid under current conditions. The benefit is the accrued
normal retirement benefit after the Social Security offset. For employees with
less than 25 years' service at death the benefit is based on the smaller of 25
years or service projected to age 60. There are no children's benefits. All
benefits would be increased once a year to keep pace with inflation. The health
benefits system would be amended to provide a separate option for those covered
by Medicare fully paid for by the government.
The offset, step rate and add-on benefit models differ from each other only in
the basic retirement formula. The current voluntary and involuntary eligibility
conditions would be continued with addition of a reduced early retirement
benefit for employees between ages 55 and 62 with more than five but less than
29 years of service. The systems would be non-contributory with full vesting
after five years of service. The retirement formulae are as follows:
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--Offset - The formula is 1.65 percent times service up to 40 years times the
high three years' average earnings. The pension would be reduced by 1.25
percent times the employees' estimated Social Security benefit at age 62 for
each year of service up to 40 years.
--Add-on - The formula is 1.35 percent times service up to 40 years times
the high three years earnings average.
--Step Rate - The pension payable at or after age 62 is 1.15 percent times that
part of the high three years' average earnings below $10,000 and 1.65 percent
times that part of the high three earnings above $10,000, all times service up
to 40 years. For employees retiring before age 62 a supplement will be payable
to age 62. The supplement will be equal to .5 percent times that part of the
high three year earnings below $10,000 times years of service up to 40 years.
The break point of $10,000 would be increased each year to the maximum level
permitted by regulations of the Internal Revenue Service.
These three benefit models would have a separate disability and sick leave system
which would provide full pay for up to ten days each year, 75 percent of pay
after that up to five months and 60 percent thereafter. Employees would qualify
under the current definition for two years with benefits .after two years only
if they met the Social Security definition. Benefits would be fully offset by
Social Security before age 62. After age 62 the benefit would be recomputed
counting service while disabled plus any salary increases, but would not be less
than the benefit received prior to age 62.
There would also be a, separate survivor system which would pay benefits to widows
or widowers for two years at 20 percent of final pay. For death after age 65
a benefit of 50 percent of the earned annuity would be paid for life. There
would be smaller benefits for spouses of those who would die between ages 50
and 55 and there would be no children's benefit.
The health benefits system would be the same as for the minimum change formula.
Population
Data on employees was obtained from the Central Personnel Data File maintained
by OPM. Data for the September 30, 1978 file was blown-up to include employees
covered by federal retirement but not in CPDF and to include the October 1, 1978
federal pay raise. Table one shows the age and service distribution of the
2,690,000 employees included in the valuation. Total covered payroll was $47.8
billion.
The liability for retirees was the corresponding value included in the 1977
Board of Actuaries report projected one year. Since these new models do not
affect current retirees we only needed an estimate of the retired life liability
to use in determining the incremental cost.
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C _
l._
Distribution of Employees by Age, Service and Salary
as of September 30, 1978
CSF TOTAL
EMPLCYEES BY AGE ANL SER~'1CE GROW
15-19 2C-24 25-29
15-19 721r. C'. G. V. 6?
2O-24 86677. 46904. 0. 0. C. C.
_3Q 3'__-4751b. 145b19. 177023. 17456, C.
35-39 26933. 6J46r. 107b12. 92652. 1372'J. G.
30.UVER TOTAL
Co 7'114.
0. 133587.
0. 322655.
0. 3b7b19,
0. 301640.
40-44 25452. 4596. 5Ebo5. 74713. 80379. 13521. C. 298637.
t --45.45+ - 15355. 4462>. 57166. 58545. 77060. 81411. 10456. 344b42.
50-54 8926. 272,1:. 455167. 581-12. 62610. 70381. 94d579 372029,
4sCz). 1724. . 3-.19. 47470. 55841, 51027. 110,164. 321165.
d 60-6' 151:. 7715. 165:4. 243033. 27b54. 23064. 52563, 155577.
65-69 32o. 177C. 5226. 5914. 6667. 5514. 14742. 40183,
_.70-7' 51. 340. %t7. 59b. 36t.6 366. 1099. 3801.
75-79 2. It. 53. 28. 7. 2. 30 112.
h6EkAGE SALAJ.Y OF EM'3LLEES BY AG'- AAO.SERVICE. GROUP
5-, 10-14 . 15-19 20-24 25-24 3L.OVER
35-19 6551. G. 0. 0. V. Co 0.
20-24 109":9. 11697. C. 0. C. C. 0.
- 25-29 1290:. 14250. 15014. 0. V. G. G.
t 30-34 14350. 16506. 17335. 17922. 0. G. 0.
;;---35--2V---147j7&_ _17001. .. _192Q69_ _19994_.__ 19943. Cr .-0.
!-0-9~ _. 14075. 14318. .J81C6. - 21030. 21519. 21136. 0.
45-49 13866. 15727. 17318. 196e5. 21827. 21310. 2126C.
__ _-13796. _ ..15666. 17047. _ _ 18545. 19644. 20961. 21322,
f 55-59 14132. 15463. 16703. 18046. 18927. 19547? 21256.
-601.64L- _ 15962.--.-- 1033'-. _ 169: 3. 17942. 18660. 16876. 20d80,
~; _ 65e 9 -20049. 19700. 17959. 18688, 18916. 18742. 20810.
70-74 27955. 24516. 19639. 20610. 18926, 19935. 21194.
. 730810,_26127. 23039. 20330, 14594, 17326. _ 15642.
TOTAL OF 269;,62. EMPLOYEES WITH AVERAGE SALARY OF 177699
-__..__..AVERAGE AGE OF- 420-AND AVERAGE SERVICE OF 14.3
0
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Actuarial and Economic Analysis
The program used to value the benefit packages was the valuation program de-
veloped for the Board of Actuaries of the Civil Service Retirement system for
use in their 1977 valuation. Most of the demographic rates used in the program;
death, disability, retirement rates etc; were the same as those used by the
Board. The economic assumptions were also those used by the Board in their
dynamic valuations. All (f these rates, and the basis for them, can be found
in the 1977 Board of Actuaries report and supplement.
Some methodology changes and new assumptions were needed. These include the
need to evaluate benefits by salary level and the potential impact of changes
in eligibility and benefit levels on the rate of retirement. Major changes in
methodology and additional assumptions are discussed below.
Disability Rates
The new systems include a change in the definition of disability to a more
liberal definition for the first two years and the less liberal Social Security
definition after two years. Related changes in the cost of sick leave coverage
also had to be determined.
Rates of incidence of and termination for disabilities meeting the Social
Security definition are from the Social Security Administration Study No. 75.
Rates of incidence are a simple interpolation of the SSA table 4 held to a
maximum of the 1977 Board rates. Rates of termination are a three year select
period reduction of the SSA five year select periods in tables 9 through 12.
The incidence of disabilities not meeting the Social Security definition are the
1977 CSR disability rates less the above mentioned Social Security disability
rates.
The 1977 reports of the Society of Actuaries show that about 40% of the three
month elimination period disabilities recover in nine months and 20% more in
the next twelve months. Since the Boards' incidence rates are substantially
higher than general experience we assumed the recovery rate was 40% in the
first six months followed by 20% in each of the next half year periods. To
calculate the term cost of sick leave we constructed a table of total usage
of days by 10,000 employees with the criteria that 92% would use some leave
and the average for all, including non-users, would be 9.4 days per year.
These are from the overall results of OPM's recent sick leave study for all
groups combined.
We assumed that many of those who used 11 to 16 days would return to work
after 10 days if there were a ten day limit on full sick leave. The average
cost for the new model sick leave was based on full pay for adjusted days
under ten plus 75 percent of pay for days over ten. We also added an allowance
for temporary disabilities who run out of sick leave under the current system
with no further benefit but who would be eligible for up to two years of
benefit in the new system.
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Retirement Rates
The benefits for early retirement are somewhat less under the new models than
under the current system because Social Security benefits are not paid until
age 62. The fact that benefits are smaller would result in fewer retirements
at these ages which would tend to reduce the cost of the model. Also, under
the offset, step rate, and add-on options, a reduced early retirement benefit
is available at age 55 after 5-years service and before 29 years service. The
retirement rates for these age and service combinations would be significantly
lower than for the unreduced benefit.
The election to retire is a result of many different considerations by each
different individual and we know of no way to predict the exact impact that a
change in benefit or eligibility will have. It is clear, however, that changes
in benefits will affect the retirement rate. In 1966, for instance,'when a
relatively small reduction was removed from federal retirement benefits payable
before age 60, the rate of retirement doubled. We developed a specific formula
that considers the present value of an employees' benefit at each retirement
age.
We based the retirement rates on a ratio which can be referred to as the "in-
centive to retire". It is equal to the present value of the projected benefits
which employees would receive over the next ten years if they retired immediately
divided by the present value of salary and benefits which they would receive
over the same ten years if the retirement was deferred to age 62 or for three
years, whichever is greater.
The benefits used in computing this ratio include the CSR benefits and any
supplements plus the full PIA. All benefits and salaries are projected and
discounted using the valuation economic assumptions. The Social Security
benefit is for an average salary. The incentive to retire would generally
be less than one, and the higher the ratio the greater the financial incentive
to retire.
We assumed that the retirement rate for a given age and service combination
would be proportional to the corresponding incentive to retire ratio. To get
the constant of proportionality we first calculated these ratios for the
current benefit structure. Denoting the incentive to retire by IR, we found
by trial and error that if the retirement rate was set equal to .75 x (IR - .35)
it gave the same average age and service at retirement as the current retirement
rates for the new entrant model. These rates also resulted in very nearly the
same normal cost.
The retirement rates determined from this formula w-ere subject to a minimum
value of .02. Also, at ages 55 to 59 and 30 years of service or age 60 to
61 and 20 years of service, which are the combinations at which employees are
first eligible for unreduced benefits, the retirement rates were set equal to
150% of the value obtained from the formula. Both of these modifications were
in effect when the constants of proportionality were determined.
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Although the average age and service at retirement was used in determining the
relationship between the incentive to retire and the retirement rates, it would
not be meaningful to compare the average age and service at retirement for the
current system with the corresponding values under the new options. Under the
offset, step rate, and add-on options, the employees can retire with a reduced
benefit after 5 years service, and this would have a significant effect on the
results.
The retirement rates calculated according to this method are presented below in
Table 2 for the minimum change and offset options at 5 year age and service
intervals. The reduced benefit after 5 years service is not available under
the minimum change option.
Table 2
Retirement Rates for the Minimum Change Option
Service
5
10
15 20
25
30
35
40
Age
55
0
0
0 0
0
.1866
.1762
.2306
60
0
0
0 .3195
.2546
.2904
.3223
.3739
65
.1164
.1677
.2215 .2667
.3049
.3379
.3675
.4183
70
.1564
.2014
.2502 .2914
.3265
.3573
.3851
.4346
Retirement Rates for the Offset Option
Service
5
10
15 20
25
30
35
40
Age
55
.02
.02
.02 .02
.02
.1379
.1356
.1815
60
.0524
.1153
.1671 .3160
.2477
.2798
.3086
.3560
65
.1255
.1836
.2321. .2733
.3086
.3394
.3672
.4153
70
.1645
.2164
.2603 .2978
.3301
.3588
.3849
.4316
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Calculation of Social Security Benefits and Offsets
In the current CSR valuation program the data on the employee population is
grouped into cells by age, sex, and years of service. Thus information on
the distribution of salaries is lost, and only the number of employees and
their total salary is available for each of these cells. When benefits are
a straight percentage of salary as in the current CSR system, this aggregate
data is sufficient. However in order to compute Social Security benefits,
data on the distribution of salaries is also needed.
In order to permit sufficiently rapid calculation of Social Security benefits
in the program while taking the salary distribution into account, a table of
"overall replacement ratios" was first constructed. These are the ratios of
the total PIA for all members of a cell to the total salary for that cell. The
distribution of individual salaries within each cell used in constructing this
table was based on a 1 percent sample of all employees in 1977.
In specifying the distribution for a cell, the individual salaries were expressed
relative to the average salary for the cell. This way the distribution can be
used for different years, and in fact this same relative distribution was used
for all future years.
Since the table of overall replacement ratios was determined in advance, and the
exact level of the average salary for each cell was not known, values were cal-
culated for several possible levels of average salary. Then when a cell is
actually being processed and the average salary is known, the overall replacement
ratio can be obtained through interpolation.
The overall replacement ratio for a cell was computed as follows:
First the data on the distribution by salary level was used to separate employees
into six salary groupings. The first grouping was for employees with a salary
of less than 50% of the average salary for the cell. The last grouping was
for employees with a salary over 150% of the average salary for the cell. Then
the average salary within each of the six groupings was found. The average
salaries were then used to determine an AIME and a PIA. These PIA's were then
multiplied by the number in the groupings and totaled to get the total PIA for
the cell.
The PIA's were based on lifetime earnings, and the covered earnings for current
federal employees were assumed to start in 1975 to take into account existing
coverage from non-federal employment.
The wage history for each of the six groupings was based on actual or assumed
General Schedule wage increases and on a scale of hypothetical merit increases.
The salaries of the lowest paid were assumed to increase 70 percent over their
career due to merit increases only, while the salaries of the highest paid
increased 270 percent. These merit increases were divided proportionately
between federal and non-federal service, and the federal portion was assumed
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to be concentrated primarily in the early years of federal service. The salaries
of employees who will retire prior to age 62 was assumed to remain constant un-
til age 62, at the same level as their final salaries. In determining the AIME,
these assumed post-retirement salaries were indexed the same as for salaries
prior to retirement.
A similar table of overall replacement ratios was constructed for disability
retirement. Here, of course, the PIA is paid immediately upon disability rather
than at age 62 or actual retirement if later.
For purposes of the valuation, the offset for deferred retirement was based on
the disability replacement ratio. The disability PIA at termination was multi-
plied by the number of years of federal service times .0125 to get the offset.
This offset was then held constant until age 62, when the benefits commence. This
method was used because the PIA for regular retirement is increased due to the
indexing of the salaries although the deferred benefit is not increased.
Social Security/Medicare Contribution
To obtain the Social Security/Medicare contribution the projected salary was
distributed between salary above and below the FICA base. This gives a long
term equivalent rate of 5.8 percent of total salary for Social Security and
1.4 percent for Medicare compared to ultimate rates below the FICA base of 6.2
percent and 1.45 percent respectively. This means that over 90 percent of
total federal pay would be under the ultimate FICA base. The present value of
the contribution is 5.5 percent for Social Security and 1.3 percent for Medicare.
These amounts are lower than the ultimate rates because the current contribution
rates and relative FICA base are lower than they are scheduled to become.
The new Medicare contribution by the government and enrollees would be somewhat
offset by reduced FEHB costs since Medicare would pick up a large part of the
bill for all annuitants. Most annuitants are now covered by Medicare but a
significant number who would not have Medicare would obtain coverage. We
estimate additional federal savings of $150 per annuitant who would be covered
by Medicare.
Projections of Funding
The projections show the development of the CSR fund and the unfunded liability
in relation to the total payroll. A single fund is used to accumulate contri-
butions and pay benefits under both the new and old systems. If a separate fund
were established for the new system, the benefits for the old system would have
to be financed over the remaining working career of the current employees covered
under this system. This relatively short amortization period would result in a
level of contributions that would be excessively large in early years even in
relation to the total payroll for all employees.
The funding method used in the projection is the one recommended by the Board of
Actuaries in their report on the 1977 valuation for the current system, modified
to take into account the new benefit structure. It involves payment of the
dynamic normal cost under the new system for all employees, with additional
contributions necessary to amortize the unfunded liability associated with
current employees and annuitants over 75 years as a level percent of pay.
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The normal cost is the level percentage of pay which must be contributed for
a typical group of new employees over their working lifetime in order to pro-
vide sufficient funds by the time they retire to fund all of their benefits.
At the end of the 75 years the total contribution rate drops to the normal
cost rate.
Table 2 shows the total of the normal cost and the incremental cost of the
other parts of the fringe benefit package that will be changed. The total,
therefore, represents relative cost of a particular benefit package. Since
these are relative values the absolute figures should not be used as the
full cost of a particular system.
The relative cost of the new models, compared to the current system,-is ob-
tained by adding the incremental costs of changes in other parts of the package
to the normal cost of the retirement, disability and survivor benefits. The
normal cost for disability and survivor benefits includes the cost of benefits
to be paid from the separate disability and survivor systems.
The largest incremental cost is the federal contribution for Social/Security
Medicare. This is partially offset by the savings to the federal health benefits
system resulting from 100 percent Medicare participation. The net result of
these factors is to increase costs by 6.4 percent of payroll. Finally, for the
three models which include changes in the sick leave program, there is a savings
of .6 percent of payroll attributable to reduced sick leave costs.
The total cost of the new models is 1.8 to 2.8 percent of payroll greater than
the current system. We assume that this increase will be less than savings
that will result from covering new federal employees under Social Security so
that the models would cost the taxpayer no more than the current system.
The net change in government cost as shown in table 2 was based on the Board
of Actuaries economic assumptions. The Social Security/Medicare contribution
is based on assumptions used by the Social Security Administration of 6.6
percent interest; 5.75 percent salary; and 4 percent inflation. Even with
mixed actuarial assumptions, the comparison does show the real immediate impact
of the integration models. It could be argued, however, that the long term
cost is best shown by calculating all factors on the same set of economic
assumptions. Table 3 shows the comparison if the federal systems are priced
using the Social Security actuarial assumptions. On this basis, the cost
will be 2.0 to 4.7 percent higher for the new models than for the current
system.
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Table 2
Government Contribution Needed to Fund Benefits
of Average New Employee Group
Board-of Actuaries Assumptions
(as percent of career payroll)
Current
Program
Minimum
Change -
Offset
Step Rate
Add
A.
Retirement Benefits
-on
1. Voluntary retirement 20.7%
2
I
14.1%
14.77.
13.3%
13.9%
.
nvoluntary retirement 3.2
D
3
2.8
2.7
2.5
2.4
.
isability retirement 5.1
D
4
3.2
4.0
4.3
4.2
.
eferred retirement .4
1.0
1.1
1.0
1.2
5. Contribution refund 1.0
.0
-
6. Subtotal benefits 30.4
7. Employee contribution 7
0
21.1
22.5
21.1
21.7
.
8. Benefits less contrib. 23.4
0.5
20.6.
-
22.5
-
21.1
21.7
B.
Survivor Benefits
1.
2
Widow(er) of employee
W
d
1.1
0.7
.4
.3
.4
.
i
ow (s) of retirees
4.3
3.1
3.1
2.9
3
1
3.
Children
0.2
-
-
.
4.
Total
5.6
3.8
3.5
3.2
3.5
C.
Social Security Contrib.
1. Old Age -
2
M
d
5.5
5.5
5.5
5.5
.
e
icare -
1.3
1.3
1.3
1
3
3. Offsetting Medicare
Savings -
.4
4
4
.
4
N
C
.
.
.4
.
et
ontribution -
6.4
6.4
6.4
6.4
D.
Sick Leave Net Savings -
-
.6
.6
29.0
30.8
31.8
30.1
31.0
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.Government Contribution Needed to Fund Benefits
of Average New Employee Group
Social Security Administration Assumptions
(percent of career payroll)
Current Minimum
Program Change . Offset Step Rate Add-on
A.
Retirement and Survivor
Benefits
1. Total cost
29.47.
20.67.
2. Employee Contribution
7.0
.5
3. Net Cost
22.4
20.1
B.
Social Security Contribution
Offset by Medicare
Savings
6.4
C. Sick Leave Net Savings
22.4%
26.5%
21.3% 18.67. 20.3%
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Table 4 is an actuarial balance sheet showing the amount that is needed to
fund the current retirement system as a level percentage of total payroll
for the next 75 years. The unfunded liability is the present value of the
benefits payable to current employees and annuitants less the present value
of the dynamic normal cost less the current fund. This is a total of $366
billion or 12.57. of the total payroll for all employees for the next 75 years.
When added to the normal cost the total current program can be funded by 41.5%
of payroll over the next 75 years. After 75 years the cost will drop to 29.0%
of payroll.
Table 5 shows the development of the unfunded liability cost for the combination
of the model plan for new employees and the current plan for current employees
and annuitants. In this case the normal cost will be contributed for all employ-
ees so this is deducted as a percent of payroll. In addition, current employees
will continue to contribute on the old system so 7% of current employees' payroll
is an asset. This leads to level 75 year funding of the liability which, when
added to the normal cost, equals the total contribution over the next 75 years.
After 75 years the total cost will be the normal cost.
Table 6 shows the development of the unfunded liability for the model and the
current plan if the latter applies only to current employees over age 45 and
all current annuitants. Here, the normal cost is paid on total payroll but
the 7 percent employee contribution is only on the payroll of employees now
over age 45.
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
- 13 -
Table 4
Added Liability for Current System
A.
Present value of benefits
1.
2.
3.
Annuitants
Current employees
Total
$191 billion
450
641'
B.
Present value of assets
1.
Normal cost on current employee payroll less 7%
$176 billion
2.
Contribution of employees at 7%
43
3.
Current fund
56
4.
Total
275
C.
Payment on liability
1.
Added liability A.3. - B.4.
$366
2.
Present value of all salary for 75 years
$2,928
3.
Payment (1) ; (2)
12.5%
D.
Total government cost
1.
Normal cost less 7%
29.0%
2.
Payment on liability
12.5%
3.
Total
41.5%
Approved For Release 2011/01/11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
Added Liability for Model Package
Current Employees Excluded
Minimum
Change
Offset
Step Rate
Add-on
A. Present value of benefit
1.
Annuitants
$191
$191
$191
$191
2.
Current employees
450
450
450
450
3.
Total
641
641
641
641
B. Present value of assets
1.
Normal cost on current employee payroll
$151
$158
$148
$153
2.
Contributions by employees at 7%
43
43
43
43
3.
Current fund
56
56
56
56
4.
Total
250
257
247
252
C. Payment on liability
1.
Added liability A.3 - B.4.
$391
$384
$394
$389
2.
Present value of all salary
for 75 years
'2900
2910
2920
2925
3.
Payment (1) = (2)
13.5%
13.2%
13.5%
13.3%
D. Total federal payment as percent of payroll
1.
Federal share of normal cost
24.8%
26.0%
24.3%
25.2%
2.
Payment on liability
13.5
13.2
13.5
13.3
3.
Total
38.3
39.2
37.8
38.5
11 Approved For Release 2011 /01 /11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
Added Liability for Model Packages
Current Employees Over Age 45 Excluded
(Amounts in billions)
Minimum
Change
Offset
Step Rate
Add-on
A.
Present value of benefits
1.
Annuitants
$191
$191
$191
$191
2.
Employees over 45
216
216
216
216
3.
Employees under 45
164
170
158
174
4.
Total
571
577
565
581
B.
Present values of assets
1.
Normal cost on current employee payroll
$152
$161
$151
$155
2.
Contribution by employees at 7%
12
12
12
12
3.
Current fund
56
56
56
56
4.
Total
220
229
219
223
C.
Payment on liability
1.
Added liability A.4 - B.4.
$351
$348
$346
$358
2.
Present value of all salary
for 75 years
2900
2900
2930
2910
3.
Payment (1) . (2)
12.17
12.0%
11.8%
12.3%
D.
Total federal payment as percent of payroll
1.
Federal share of normal cost
24.8%
26.0%
24.3%
25.2%
2.
Payment on liability
12.1
12.0
11.8
12.3
3.
Total
36.9
38.0
36.1
37.5
Approved For Release 2011 /01 /11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
- i6
Projections
The current retirement system and each of the four options were projected over
the next 75 years based on the dynamic economic assumptions recommended by the
Board of Actuaries. These projections appear in the following section. The
projections all start in 1979. Although Social Security coverage would not
start until 1981 or later, the workforce should not change significantly over
this period in a manner that would affect the comparisons.
The projections are for an open group and include current employees and annuit-
ants as well as future employees. New employees are added each year so the
total employee polulation remains constant at the current level of 2,690,000.
The age and prior military service characteristics of the new entrants are based
on the model of typical new employees used in the 1977 valuation. This new
entrant model is also used as a basis for calculating the normal cost.
Each of the options is presented under two alternative methods of extending
Social Security coverage to federal employees. The first alternative is that
the new benefits apply only to future employees, and current employees and
annuitants receive current benefits. The second is that current employees under
age 45 earn the new benefits with respect to future service but keep the benefit
earned under the current option while current annuitants and current employees
age 45 or older receive the current benefits.
The results of each projection are presented in three-tables. The first shows
the number of age annuitants, disability annuitants, and spouse survivors each
year. It also shows the number with a Social Security offset. The second
table shows the benefits for each of these groups as a percent of total payroll.
The third table shows the development of the Civil Service Retirement fund and
the unfunded liability, also in relation to the total payroll. For ease of
interpretation results are presented at 5 year intervals. The 76th year is
included to show relative contributions after the current liability is amortized.
The number of age annuitants is significantly higher under the new options than
under the current system because a greater number of terminated vested employees
will receive a deferred benefit. Under ERISA these employees must receive the
full actuarial value of their vested benefits. Currently, few CSR covered
employees receive a deferred benefit since thay can, and most do, divest them-
selves of benefit rights by withdrawing their contribution if they leave before
retirement. These new deferred benefits are often quite small however because
of the fewer number of years of service involved, and because the benefits are
not adjusted for inflation between termination of employment and age 62 when
the benefits begin.
Another reason for the greater number of age annuitants is that under offset,
step rate, and add-on options, employees can retire with a reduced benefit at
age 55 after 5 years of service which would mean fewer withdrawals and additional
age retirements. The benefits for unreduced early retirement, at age 55 with
30 years service, are somewhat less under the options than under the current
system. This would normally result in a somewhat smaller number of early
retirements and, in fact, retirements were adjusted to take this into account.
Although fewer early retirements would tend to reduce the number of age
annuitants, this reduction was more than offset by the number of people receiving
the reduced early retirement benefits and the improved vested benefits.
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
Finally, under the offset, step rate, and add-on options there are a smaller
number of disability retirements but most of those who do not receive disability
benefits because of the stricter definition will eventually retire normally
and increase the number of age annuitants. The disability annuitants shown in
the projections include both those qualifying and those not qualifying for
Social Security. They also include annuitants over age 62 who had been dis-
abled and never recovered.
The number of survivors eventually is greater under the new options than under
the current system because the number of annuitants is so much larger even though
the benefit period is limited to two years for survivors of employees and annuit-
ants under age 50.
Table 7 shows the projected incremental cost of items that are not included in
the main body of projections. This includes two relatively minor reductions in
cost - sick leave and health care covered by Medicare - and one increase in
cost - federal contributions for Medicare.
Approved For Release 2011/01/11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
- 18 -
Table 7
Projection of Changes in
Sick Leave Usage, Medicare Contribution & Medicare Savings
as Percentage of Payroll
For Future Employees Only
Reduction in Federal Expenses for Increases in Federal Expenses
Year Sick Leave Health Care for Medicare Contribution
1988 .3 * 6
2003 .5 .1 1.1
2008 .6 .1 1.3
2013 .6 .2 1.3
2088 and on .6 .4 1.4
For Current Employees under 45 and Future Employees
1983 .4 .1% .8
1989 .5 .1 1.1
1993 .6
1998 .6
2003 and on .6
.2 1.3
.3 1.3
.4 1.4
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
CURRENT BENEFITS
. NUMBE!. OF ANNUITANTS ON. ROLL
(IN THOUSANDS)
NUMBER OF..-AGE ANNUITANTS
NUMBER DISABILITY ANNUITANTS
_. WITH.__..W.ITHQU.T--
YEAR
SULIAL
SELURI.TY
OhtSET
SOCIAL
SECURITY
01FSET
-TOTAL
NUMBER
SOCIAL
-SECURITY
OFFSET
SOCIAL
SECURITY
OFFSET
NUMBER
SURVIVORS
1979
0.
893,
893.
0.
336.
336.
365.
- 1983----------._.._0~ ------1074. 1074.
----..__00
410.
1988
0?
1227,
0.
370.
370.
1993
0.
1297.
1297.
0.
375.
375.
517.
1998
0.
1299.
11 1299,
0.
378,
378.
558.
-_-
--~
2003
00
1280,
1280.
383.
383.
2009
0.
1273.
1273.
0.
386.
386.
578.
---
2013
0.
1290,
1290.
0.
389.
389.
560.
2018
392.
541.
2023
0.
1348.
1348,
394.
394.
534.
2028
0.
1363,
1363.
396.
396.
540.
2033
0.
1367.
13679
397.
397.
550.
2038
0.
1363.
1363.
397.
397.
558.
2043
0.
1358.
1358.
0.
396,
396.
558.
0.
1355.
1355.
396.
396.
555.
2053
0.
1354.
1354.
00
396.
396.
552.
2054
0.
1354.
1354.
0.
396.
396.
552.
Approved For Release 2011/01/11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
CUkRENT bENEFITS
****************
UENkf ITS AS A PEKCENT OF PAYROLL
A{L
DISNbIL1TY
TO1AL
YEAR
Ar'iUIT ANTS
AN i:U'ITANTS
SURVIVOFS
cLNEFIT5
1979
18.0
5.0
3.1
27.2
1983
2112
5.2
3.7
31.3
198b
23.r
5.3
4.4
34.7
1993
25.o
5.2
5.0
36.5
1998
25..'
5.3
5.5
37.0
2003
25.U
5.4
5.9
37.5
200b
25.b
5.5
69,0
38.5
2013
26.
5.6
6.C
39.6
2018
27.h
5.7
5.9
40'.6
2023
28.5
5.7
6.0
41.4
2028
28. 1
5.7
6.1-
41.7
2033
28.5
517
6.2
41.6
2036
20.3
5.7
6,2
41.4
2043
28.1
5.7
6.2
w1.1
2048
28.0
5.7
6.1
X41.0
2053
28.V
5.7
6.1
40.9
2054
28.0
5.7
6.1
40.9
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
CURRENT BENEFITS
?N~s~~r~~N~~rr+~r
PROJECTION OF 50ARP OF ACTUARIES . DYNAMIC. FUNDING METHOD.
WITH UNFUNDED LIABILITY AMORTIZED OVER 75 YEARS
(CONTKIBUTIONS AND BENEFITS AS A PERCENT OF PAYROLL)
FEDERAL- . - TOTAL-
CUnTRI89 CONIRIB9 PEDERAL
-TO SS-.-. LONTR I B ? _
_-..19T.~___ __..._41.?S____ O. 419.5
__.1981..-.--~. 41?.5. _.___~_ .0. .
41.?5-
-----1.99....-_.__ ---
---?19AL_-_- ---
_ 0._ ___
----2443.._-__--..4L.5...- . _.-.. 0?.
-2401 --41??5- -- 0.?-_..
2023 - _.4.1..5... 0.
0...
2033 _.______...91.5 __ 0?..__ .
...
2058 - 41.5 as
2441 --- 41.5._ . 0..
2053 . _ _ -- _ 41.5 . at
_.2454.-._ _,___.28x9 .-?--_.._ . _ . _ 0.-
-41.5..
41.5
..._ 41.5.
41.5
41.5 .
41.5
.41.5
41.5
4195-...
_ _ .. 41.5..._
41.5
41.5
41.5
41.5
28.9...
RATIO OF
TOTAL ...RATIO OF.._. __ _UNFUNDED
BENEFITS FUND TO LIABILITY
FROM -CSR .... .PAYROLL... TO. PAYROLL.
27.2
31.3 .
340, 36.5
3.7.4_ .... _ ..
37.5
38.5. .
39.6
40.6
41.4
41.7
41.6 _..--
41.4
41.1
41.0
40.9
40.9 .
- - 1.51 1.47
2926.
3.02.
3.67
4.92 ..
5.58
. 6.21
.._.6.79.
7.32 .
7.83.
8.34
8.87
9.44 ..._.
10.03
10.64
10.64_- _.
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
MINIMVM CHAN4E. BENEFITS FOR FUTURE ..EMPLOYEES.-.
aE':~EPITS FOR CURRENT EMPLOYEES
N##NA#N#ff#NN##!#!#f###~A#f##lfNf#f#!###fNR _..__.__....
?UMBEN OF ANNUITANTS ON ROLL
NUMBER OF AGE ANNUITANTS
NUMBER DISABILITY ANNUITANTS
._._?_.---WITH
Wt L1L.
SEtUKITY
_YLAR_-_..oil -SET _-
WITHOUT
. SOCIAL ..
SECURITY
OFFSET
TOTAL
NUMBER
WITH
SOCIAL
SECURITY
OFFSET
WITHOUT
SOCIAL-.
SECURITY
OFFSET
TOTAL
NUMBER
NU-MBER
SURVIVORS
1179 ---- - .0a
- 99.3.0
89.3._ _
-.3369.-
365...
00
1074.
1074.
0.
358.
3589
410.
4. .
1220.
1224..
50
365.
370.
_ 466.
1267.
12880
21.
... 353.
. 3749
-5180. -
1996 _..-..__.._.. 57.
- 1232.
1289.
48,
328.
376,
561.
2003, . . 124.
1153.
1277,
84,
2940
3780
5870
126.
2013
961.
1343.
170.
210.
380,
580.
2018
911.
1452.
213.
1700
383.
574.
623.
1604.
2500
_1360
3860
582.-
2028 1283.
459.
1742.
277,
111.
3689..
607.-
2033 1506.
335.
1841.
296.
940
3890
639.
2038_.._-_ 4655.
_ 150,
1905.
307.
83..
390 a.
667.
2043..__._ 1746.
198.
1944.
313.
76.
3899
..683.
2048 1796.
170.
1966.
316.
73.
389._.
689...
2053 18.16.
159.
1976.
316.
72.
.389.._
689..
2054 1819._
158.
1977.
317.
_ 72.
_ 389._.
. 689.
- 1 Approved For Release 2011 /01 /11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
MINIMUM CHAN'JE BENEFITS FOR FUTURE EMPLOYEES
CuRRtNT bEIEPITS FOR CURRENT EMPLOYEES
BENEFITS AS A PEKCENT OF PAYROLL
AGE
Y
AR
DISABILITY
TOTAL
.-___.-
E.
._...-.ANNUITANTS -_
ANNUITANTS
SURVIVORS
1979
18,1
5.0
3,2
BENEFITS__..
27,2
1983
21.6
5.3
3.7.
31.6
1988
23.9
5.2
4,4
34.2
1993
24.9
5.0.
5.0
35.4
1998
24*8
408
5.5
35.4
2003
24.8
5.8
35.3
2008
25.3
5.8
35.6
25*6
,.?
2.1
35.5
250
4.0
2,0
35.1
2023
24,8
309,
5.4
34,1
2028
23.6
3.8
5.3
32.'.. -
2033
2295
j?7
5.2
31.4
2038
21.7
3.6
499
3093
2043
21.2
3.6'
4.7
29.5
2048
2190
1.6
4.5
29.1
2053
20.9
4.6
4.4
28.9
~~54 __...... 7n o
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
MINI-MUM CHANjE BENEFITS FOR FUTURE.EMPLQYEES
LURRtNT BENEFITS FOR CURRENT EMPLOYEES
+-~-~*w~~x*~~+r+r~**rrr**~**~~-+t***~*~tr~w~xtt*w~~*A
PROJECTION OF BOARt1 OF ACTUARIES DYNAMIC FUNDING METHOD
- WITH UNFUNDED LIABILITY AMORTIZED OVER 75 YEARS
_RATIO OF _
YEAR
FEUERAL
__CUNTRIB..
TU CSR
FEDERAL
CONTRIB*
TU 55
TOTAL
rEUERAL
LONTRIB.
TOTAL
BENEFITS
FROM CSR
RATIO OF
FUND TO
PAYROLL
UNFUNDtD
LIABILITY_
TO PAYROLL
1979
38.3
0.1
38,4
27.2
1.47
8005
1983
38.3
1.1
39,4
31.6
2.07
8.46
1988
38.3
2.3
40.6
34.2
2.52
79!0
1993
38.3
3.5
41.8
35.4
2.84
7.U4
1998
3893
493
42.6
35.4
3,11
6.42
2003
38.3
499
43.2
35.3
3,38
5017
2008
38.3
5.4
43.7
35.6
3.64
5.36
2013
38.3
5.7
44.0
35.5
3.88
4,04
2018
38.3
5.8
44,1
35.1
4.14
4, 1
2023
38.3
5.8
4401
34.1
4,43
3.(5
2028
38.3
5.8
44,1
32.7
4.77
3.16
2033
38.3
5.8
44.1
31.4
5919
206
2038
38.3
5.8
44.1
30.3
5.69
1.V4
2043
3893
5.8
44.1
2995
6.25
1.31
2048
38.3
5.8
44.1
29.1
6.85
0,e6
2053
38.3
5.8
44.1
28.9
7,48
0.VO
2054
Z4.8
5.8
30.7
28,9
7.48
0.U0
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
.---.--MINIMUM CHANGE BENEUITS FOR CURRENT EMPLOYEES UNDERAGE 45
ANU FUTURE EMPLOYEES
CURRENT BENtFITS FOK CURRENT EMPLOYEES AGE 45 AND OVER
NUMBER OF. ANNUITANTS ON ROLL
(IN THOUSANDS)
_... WITH__ .
SOCIAL
____..SE_GUHITY
WITHOUT,-.
SOCIAL
SECURITY
rOTAL
WITH
SOCIAL
SECURITY
WITHOUT
SOCIAL
SECURITY
TOTAL
NUMBER
YEAR
Q !SET OFFSET
NUMBER
OFFSET
OFFSET
NUMBER
SURVA.VORS
----
--
1979
0.
893.
0.
336.
336.
365.
1983
1073,
1073.
Be
343,
351?
410.
1988
1119.
1224,
30.
333,
363.
4679
21.
1263,
1284,
67.
299,
366,
523.
127.
1176.
1303.
116.
253.
369.
571.
2003
374.
949.
1322.
169,
203.
3729
602.
2008
652.
724,
1377.
2169
159,
3759
612.
2013
1004.
492,
1497.
2569
1210
378.
609.
2016
1303,
331,
1634.
285,
96.
381.
611.
2023
1533,
130.
1763.
302,
82.
364.
627.
2028
1683,
179,
1863,
312.
75.
387.
654.
2033
1762.
161,
1923.
316.
73,
389.
682.
2038
1795.
158,
1952.
317,
73.
389.
698,
2043
1809.
158.
1967.
317.
72,
389.
702.
2048
1817,
157,
1975.
317,
72,
389.
697.
2053
1822.
156.
1978,
317.
72,
389.
692.
2054
1823.
156,
1978.
317.
72.
389.
691.
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
-M~ N_LMUM .4r?Ant6~._ E~Er ITS- F.OR- -CURRENT _ EMPLQ.YEES _ UNDER..AQE_ 4.5_.
ANU FUTURE EMPLOYEES
--.CURRENT bENE.FITS_.FOK_CURRENT EMPLOYEES AGE 45 ANDOVER
-BENEFITS _A5--A .P_EKCENT__0F .P.AYR04L..___-_
DI
SABILLTY
TQTAL
.
YEAR ANNUITANTS ANNUITANTS SURV
IVORS
BENEFITS
24
7
1983
._
..
..__._..._--
1993
--194
24a5
3a4
.------
5a4
_ 33.2.
9
3
--- -
--
-
-
~
-
2003------- 23a-.- - ~?Z -
5.6_ -
------32.Z
21 .6- __._
_5.2-_..
---_30.4..---
201@
Z1
a
3,55
4.8
29
6
-- __-
_
.._
_
.
- -- -
3.6
4,4
------ 29*1
----2033- - - -- 20.9. -- - 3.6
4.4
29.0
3.6
4..5
20.8 3.6
..4.5
- 2.809
_Z048, 2099 3.6
4.4
- 28.9
2Q.9 . 3.6
4.4 _
. _- _28.9. . -_- --
-..2054_- z0~9 3,6
4,4
_28.9_ --- ---
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
.M.INIMUM.C-?ANGE BENErI.T5 FOR CURWENT EMPLOYEES UNDERAGE 45
AND FUTURE EMPLOYEES
CURRENT.BENEFIT5 FOK CURRENT EMPLOYEES AGE 45 AND OVER
PROJECTION OF bOARU_OF ACTUARIES DYNAMIC FUNDING METHOD
_
-.
.
WITH UNFUNDED LIABILITY AMORTIZED OVER 75 YEARS
(CONTKIBUTIONS AND BENEFITS AS A PERCENT OF PAYROLL)
RATIO YF
FEDERAL FEDERAL
CONTRIB. CONTRIB.
TOTAL -
rEDERAL
TOTAL
BENEFITS
RATIO OF
FUND TO
UNFUNDED
LIABI
YEAR ___ TO -CSR. TU 5S
LONTRIB.
FROM CSR
PAYROLL
LITY
TO PAYROL.L
295
39.4
. 26.7
1.43-_.
704
3,5
40,4
30.7
1.86
79:18
1980- .
36.9_
4,6
41.5
33.2
2.14
6.tl9
-.1993
36.2
5.5.
42.4..
34.0
2.31
6946
1998
36.9
5.7
42,7
33.9
2.49
5.!8
.2003
36.9
5.8
42.7
32.7
2.73
5.?1
.50
42.7
.. 31.7 -
3.04
406
2013- .
36.9
5.8
42.7
30.4
3.42
4939
2018 -
36.9
5.8
42.8
29.6
3,86
3.n9
2024....... _
36.9
5.8
42.8
29.2
4.33
3.38
2028.
36.9
548
42.8
29.1
4.82
2.a5
2033
3699
5.8
42.8
29.0
5.32
2010
2038._._
36,9.
5.8
42,7
28.9
5.84
1.!4
2043
16.9
508
42.7
28.9
6.39
1.18
2048
36.9
5,8
42.8
28.9
6.94
M o
2053
36.9
5.8
42.8
28.9
7.52
0.00
2054
14.8
5.8
3097
28.9
7.51
00u0
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 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
OFFBET_BENEFITS FOR FUTURE EMPLOYEES
CURRENT BENEFITS FOR CURRENT EMPLOYEES
NUMBEN OF ANNUITANTS ON ROLL
(IN_ THOUSAND51_ _ _.
- - - ----- W I T H
WITHOUT
WITH
WITHOUT
_ -_ SU~IAL
SECURITY
YEAR ___ UPSET
SOCIAL
SECURITY
OFFSET
TOTAL
NUMBER .
SOCIAL
SECURITY
OFFSET
SOCIAL.
SECURITY
OFFSET
TOTAL
NUMBER
NUMBER
SURVIVORS
1979 0.._
8930_
8930
-08
336.._
- _.. .336. --
- -3658-
1983- - 0.
1074.
1074.
49
3600-
- 364.
410.
1988 be
12220
1227.
17.
367.
384.
466.
1-993___.._ -- 27....
1275?
1302..
39.
349.
388.
_- 515...
1998. _ 72.
1248.
1321.
68.
314.
- 3820
553.
2003_ 151.
1178,
1329.
102.
268.
371.
570.
2.008_ ---_264.
1100.._
1364
140.
214.
---354.
563.
2013 437.
1001.
1438,
177.
161.
337.
542.
2018 717,
851.
1568,
209.
1160
325.
526.
2023.. 1079,
661.
1740.
233.
82.
316.
526.
2028 1395.
496.
1891.
2510
57.
3Q84
543.
2033 1624.
373.
1997.
263.
40.
3039
569.
2038 1775. -
289.
2064,
27.1.
29.
2994
5920
2043 1868.
237.
2105.
275.
22.
297.
604.
2048 1919,
209.
2128,
277,
19.
2960
608.
2053 1941.
198,
2139.
277.
18.
_ 2950
607..
2054 1944.
1969
2140.
277.
18.
295.
607.
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 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
QtFSET.BENEFIT5 FOR FUTURE EMPLOYEES
CURRENT BtNEFITS FOR CURRENT EMPLOYEES
BENEFITS AS A PENCENT OF PAYROLL
AGE DISABILITY
TOTAL
YEAK_._-_._ ANNUITANTS ANNUITANTS
SURVIVORS
BENEFITS
1979
18.0
5.0
3.1
27.2
1983
21.4
5.3
397
31.3
1988
5.4
4.3
34.1
1993
24.9
5.0
35.7
1998
25.0
5.5
36.1
25.1
5.2
5.7
36.2
2008
25.7
5.0
5.7
36.6
2013
2509
497
5.5
36.2
2018
25.7
4.5
5.3
35.6
2023
25.1
4.5
5.1
34.6
2028
24.1
4.4
4.9
33.4
2033
23.1
32.2
2038
22.3
31.1
2043
21.9
30.4
2048
21.7
4.2
4.1
30.0
2053
21.6
4.0
29.9
2054
21.6
4.0
29.8
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 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
QFFSET EENEFITS FOR FUTURE EMPLOYEES _ -
CURRENT BENEFITS FOR CURRENT EMPLOYEES
PROJECTION OF 8OARO OF ACTUARIES DYNAMIC FUNDING METHOD
WITH VNFUNDED LIABILITY AMORTIZED OVER 75 YEARS
_
LCONTNIBUTIONS AND BENEFITS AS A PERCENT OF PAYROLLI-.
FEDERAL FEDERAL
-__-___CUNiRIB. -CON1RIE6_
TOTAL
rEDERAL.
TOTAL
.BENEFITS
RATIO OF
FUND
TO
UNFUNDtD
?LLABILI I
Y
YEAR
TV CSR
TO 55
c,ONTRIB.
FROM CSR
.
-.
PAYROLL
.
.
TO PAYROLL
1979
39.2
0.1
39.3
27.2
1.48
8.07
1983
39.2
1.2
40.4
31.3
2.11
8.~1
1988
3902
2.4
41.6
34.1
2.62
- 7.48
1993
39.2
3.5
42.7
35.7
2.99
6967
1998
39.2
4.3
430
36.1
3.30
6.'O
2003
39.2
4.9
44.1
36.2
3.59
5.18
2008
39.2
5.4
44.6
36.6
3.85
5.S7
2013
39.2
597
44.9
36.2
4.09
4915
2018
39.2
5.8
45.0
35.6
407
- 4.93
2023
39,2
5.8
45,0
34.6
4968
3.08
2028
39.2
5.8
4590
33.4
5.04
3.10
2033
39.2
5.8
45.0
32.2
5.47
2.:10
2038
39.2
5.8
45.0
31.1
5.98
1.`-p
2043
39.2
5.8
45.0
30.4
6.55
1.28
2048
39.2
5.8
45.0
30.0
7.16
0005
2053
39.2
5.8
45.0
29.9
7.80
0.')0
2054
26.0
5.8
31.9
29.9
7.80
0.U0
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 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
OFFSET BENEFITS FUR CURRENT EMPLOYEES UNDER AGE.45_ ...
AND IUTURE EMPLOYEES
_CURRENT.BLNEFITS ',OR CURRENT EMPLOYEES AGE 45 AND OVER
+-wwe~w~**s-*www+~~**w~-*ww*w*~~+-~~*ww*ww~r*ww~w*+r*+~~~wr+-*
NUMBEN OF. ANNUITANTS ON ROLL_
(IN THOUSANDS)
WITH
SUC.IAL
.__ SECuKITY
WITHOUT...__
SOCIAL
SECURITY
TOTAL
WITH
SOCIAL
SECURITY
WITHOUT
SOCIAL
SECURITY
TOTAL
NUMBER
YEAR
UP SET
OFFSET
NUMBER
OFFSET
OFFSET
NUMBER
SURVIVORS
1979
0.
893.
893.
0.
338.
338.
367.
1983
0.
1074.
1074.
1988
6.
1222.
1227.
48.
324,
3719
457.
1993
27,
1277.
1304.
90.
272,
362.
503.
1998
151.
1209,
1360,
136,
209.
345.
539.
2003
419.
985,
1404.
178.
152.
3290
5589
2008
716.
167.
1483,
2139
103.
316.
558.
2013
1091,
535,
1626.
239.
66.
3059
547.
2018
1411.
371,
1782.
258.
42.
299.
541.
2023
1658.
168.
1926,
269,
28.
297.
5520
2028
1815.
216.
2031.
274,
22.
296.
5769
2033
1893,
198,
2091.
276.
19,
296.
6010
2038
1922.
196,
2118.
277.
18.
296.
617.
2043
1933,
197,
2130,
277,
18.
296.
620.
2048
1941.
196.
2137.
277,
18.
295.
615.
2053
1947.
195.
2141.
277.
18.
295.
6099
2054
1948.
194,
2142,
277.
18,
295.
608.
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 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
_ OFFSET. BENEFITS FUR__ URRENT EMPLOYEES UNDER...AGE 45
AND FUTURE EMPLOYEES
- CURRENT_.dtNEFI-TS...fQR-CURRENT EMPLOYEES AGE 45 ANDOVER
_ --BEN EF_IT5_A$A_PENCEKLOE__P_AYROLL -
AGE DISABILITY.... TOTAL
YEAR ANNUITANT5 ANNUITANTS SURVIVORS BENEFITS
1972 _ .._3..2 --- - 26 *1-.
- 1993 3.T---...-- -------- 30.7
- __ __ 2.3..4-----.. - - -- - ---5.1- - -- -- 4' 3- - -- - 3 3 s 2. - -
1993 11
4,_~i __5.2 34._4__
5.4 33.2-
___104.8. ~Z?9._----.-_.___..__4,3_~__.___..._---5.2._. __ _. 32.4-...__-
_._2013_ 22..3 - - - ~-.2 .. - 4.9
_-2QL5- --_-_22_`4 !!.2 4.5 30.2
4.2
4.2------
29.43 4.2
- 204.8-_
-- ZD53.-
20 -4 ------ -.21.6
4.2 -
4.0
3.9
3.9
30.2_._
30.1
29.9-.
29.8
- .29.8.
29.8.
- Approved For Release 2011 /01 /11 : CIA-RDP89-00066R000900110031-0 -
 it
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
(CONTRIBUTIONS AND BENEFITS AS A
__-.f.VERAL_.. -FEDERAL
CONTRIB. CONTRIBe tEDERAL
__2.5 40.5 ___
3.5 41..5
OFFSET _IENEFITS FUR. CURRENT__EMP_LOYEES UNDERAGE 45_
AND FUTURE EMPLOYEES
4URRL! T_BLNEFITS POR CURRENT .EMPLOYEES .AGE 45 AND OVER
rrirr~rrrrrrrrrrr*rrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
PROJECTION QE.. BOARU OF. ACTUARIES DYNAMIC. FUNDING ME
38.0 __ ._ _ 4.6 42.5
1943_Also . 5.5 .. _ . 43.5_
1991_ __ __ .38.0 S..8 43.7-
2.003-------- 38..0 5.8 43.8
__.209.8 5.L.
2013. - ... _- 38.0 . _ - 5.8 .
2018 38.0
5.8
5.8
2.028.-..-- 38.0. 5,8
2031.__- 38.0 5.8
20.3.L--- _.38a0 500.. 2043._ ____ 38,0 . 5.8
2048_ 38.0 S.8
2053.-....__ 38.0 _ _ ._ . 5.8..
Z054 Z6.0. 5.8
43.8- _
43.8
43.8 __ . ._
43.8
43.8
..43.8
43.8
43.8
43.8.. .
31.9
PERCENT OF PAYROLL)
TOTAL
BENEFITS
FROM CSR ..
.--_..
RATIO VF
RATIO OF UNFUNDILD___._.
FUND TO LIAOILIIY
... PAYROLL .. _ T.Q. PAY*L
26._7. ._ ._.
30.7.
33.2
34.1..
34.4
33.2
31.4.
30.7.
30.2.
30.1
29.9
29.9
29.8
29.8
29.8
2.23
2.46. _......_
2.96
3.70
4.15
4.62
5.10 ___--
5.60
6013-
6066
7.25
7.83
7.83
60!4-, .
4.03-
3.14
3..14
2.11.._.
2.47
1.W
0.:9
o.vo
08YO
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 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
_-__._-_-S.IEP_.RATE-I$ENEFIT_8_FOR_FUTURE EMPLOYEES
CURR
ENT BENEFITS FOR CURRENT EMPLOYEES
NUMUEK OF ANNUITANTS ON ROLL
(IN THOUSANDS)
NUMBER OF AGE ANNUITANTS
NUMBER DISABILITY ANNUITANTS
WITH WITHOUT
WITH
WITHOU
-- -.---SU~1 AL/_ . -. SOCIAL. .
SOCIAL
T
SOCIAL
YEAR
SECURITY SECURITY
- QFtSEZ OFFSET
TOTAL
NUMBER
.
SECURITY
F
.
SECURITY
TOTAL
NUMBER
.
-..O
FSET
-OFFSET
NUMBER
SURV VORS
.
.-
_1QZ4--- --8!93,
---- 8434-
? "
-L983
~.
1074,
1074.- - - -
_
_
4.
361.__
_
364. .
_-_
_ 410.
1228
,--
- -
16..
368.
385.. _
...
- 466.
354.
8
- 1
49
0
L 29
13
_
.
.
--
a -
29.
.
a - ---
58.
326,
384,
_. 2003-
--_--- 0.-. _
_ 1346,
1346.
292
,
..
372. __
- 571,
.251.
- _-
.-
_ 565..._
0.
14880
1488,
122.
Z16,
337. -
546.
2010 .
0.
1632,
1632.
129,
195,
323.
531.
.1810,_._ .
18106.__
128.
184.
. .
313.
533x_.
2028._
0..
1964,
1964,
128.
177.
305
5
.
51.
2034
0.
2071.
2071,
129.
170,
299.
578.
0.
.2140o_
2140. -
130.
100 _
295._.
601.
204.3
0.
2183.
2183,
1300
162.
292?
614.
2044
of
2207,
2207.
129,
161,
291,
617.
2053.-
-Co.
2218,,.- .
2218.
12.9.
161.
290,
61.6,.
2.054 _
0.
2220,
22209.
129.
161.
290.
616.
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 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
STEP RATE.dENEFITS FOR FUTURE EMPLOYEES--.---
CURRENT BENEFITS FOR CURRENT EMPLOYEES
BENEFITS AS A PERCENT OF PAYROLL
AGE
DISABILITY
TOTAL
----YEAR-.--- ANNUITANTS
ANNUITANTS
SURVIVORS.
BENEFITS
1979
18.0
5.0
3.1
27.1
1983
5.3
3.7
31.2
1988
23.6
5.3
4.3
34.0
1993
24.6
5.3
35.4
1998
24.8
5.2
5.4
35.8
2003
-----
25.0
5.2
5.7
36.0
2008
25.8
5.0
5.7
36.5
2013
26.3
4*7
5.5
36.6
2018
26,1
4.6
5.3
36.0
2023
25.0
4.5
5.0
34.6
2028
23,6
4,5
4.8
32.9
2033
22.3
4.6
31.3
2038
21.4
4.3
30.1
2043
2008
4.3
29.2
20.6
4,3
28.8
2053
20.5
3.7
28.6
2054
20.5
3,7
28.5
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 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
STEP RATE. BENEFITS FOR FUTURE .EMPLOYEES
CURRENT BENEFITS FOR CURRENT EMPLOYEES
_ - _ - - - - -_. ?ARRRRRRRRRRRR1lRIfA#~11FRA1FAiFAAIiRiIRAARRAA
PROJECTION OF DOARU OF ACTUARIES DYNAMIC FUNDING METHOD
WITH UNFUNDED LIABILITY AMORTIZED OVER 75 YEARS.
(CONTKIBUTIONS AND BENEFITS AS A PERCENT-OF PAYROLLI
FEUIRAL FEDtRAL
CONiRIt!? .CONTRIB.
TOTAL
CEDERAL -
TOTAL
BENEFITS-__.
RATIO OF
FUND TO-
RAT I O--UF
UNFUNDED
LIABILITY
YEAR
ru CSR TU 55
CONTRIB.
FROM CSR
PAYROLL
TO PAYROLL
1979
37.8 0.2
38.0
27.1
1.46
8.d8
1983
37.8 1.2
39.0
31.2
2.04
e._1
1988
37.8 2.4
4092
34.0
2.48
7,64
1993
37.8 3.6
'----_.----
-
41.4
35.4
2,78
6.V8
1998
37.8
4.3
--
---42?i
35.8
3.03
609
2003
37.8 4.9
42.8
36.0
3.26
5066
2008
37:8 594
43,3
3605 -
3045
5.~6
2013
37.8 5.7
43,5
36.6
3.62
4.65
2018
37.8 5.8
43.6
36.0
3081
4944
2023
37.8 5.8
43.7
34.6
4003
30!8
2028
37.8 5.8
43.7
32.9
4.31
3.18
2033
37.8 5.8
4397
31.3
4.69
2017
2038
37.8 5.8
43.7
30.1
5.16
1.V5
2343
37.8 508
43.7
29.2
5.70
1.31
2048
37.8 - 5.8
43,7
2808
6928
0967
2053
37.8
28.6
6.89
2054
28.6
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 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
_STEP HALE BENEFITS FOR CURRENTEMPLOYEES UNDER AGE 45
AND FUTURE EMPLOYEES
-CURRENT BENEFITS OR CURRENT EMPLOYEES AGE 45 AND OVER
.NUMBEK OF-.ANNUITANT;) ON ROLL
(IN THOUSANDS)
WUMIIER.OF AGE. ANNUITANTS _._
NUMBER DISABI-LITY
-- -"TH.
SOCIAL
WITHOUT.-.
SOCIAL
-. WITH
SOCIAL
-WITHOUT
SOCIAL
_
YEAR
SEWKITY_
OrPSET
SECURITY
OFFSET
TOTAL
NUMBER
SECURITY
OFFSET
SECURITY
OFFSET
TOTAL-
NUMBER
NUMBER
SURVIVORS
1979
0.
893,
893,
09
338.
338,
367.
1983
0.
1074.
1074.
17.
346.
363.
409.
1988
G.
1128,
1228,
47,
325,
372.
458.
1993
0.
13040
1304,
86.
277_
364.
5039
1998
0.
1461,
1361.
116.
232.
3489
540.
2003
0.
1411.
1411.
128.
204,
332.
560,
2008
0.
1503,
1503.
1369
183,
319.
560.
2013
C.
1669,
1669.
132,
175,
307.
550,
2018
- -~
0,
1843,
1843,
130,
169,
299.
547.
2023
G,
1994,
1994,
128.
166,
295.
5590
2028
G.
2103,
2103,
128,
1650
292.
584,
2033
00
2164,
2164.
1290
163.
292.
611.
2038
0.
2194,
2194.
130,
1619
291.
627,
2043
0.
2108,
2208,
130,
161,
291.
630.
2048
0.
2117,
2217,
129,
161.
290.
624,
2053
0,
2121.
2221.
129.
161,
290,
6199
2054
0.
2221.
22210
1290
161.
290.
618.
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 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
-__STEP RATE BENEFITS FOR CURRENT EMPLOYEES UNDER AGE 45
AND PUTQRE EMPLOYEES
CURRENT-BENEFITS POR CURRENT EMPLOYEES AGE 45 AND OVER
_BENEF.IT5 AS_A PERCENT OF PAYROLL-
AGE .
DISABILITY
TOTAL
YEAR ANNUITANTS
ANNUITANTS
SURVIVORS
BENEFITS
_1979___---.
_ 18.0
5.0 ..
. 3.,2 -
_ 26.7
--19-83.-
.21,03
7.2
3.7
30.6
-23,4
5,1
4.2
33.0
_.19.93___
24.0
4,8
4.7
.33.6
199-8 - - -
2 3_. 8
4,5
5.1
33.5
2Q.Q3
22.5
4.4
5.3
32.2
4.4
5.1
31.4
21.5
4.5 _
4.8
30.8
2.01.8
21.4
4.5
4.3
30.2
4,4
4.0
.29.6
2028 - -
20,9
4.4
3,8
29.1
2033
2097
4,4
3.8
28.9
_203.8.__
20.6
4.3
3.8
28.7
2043
20.5
4.3
3.8
28.6
.2.048
20.5
4.3
3,7
28.5
2053
20,5
4.3
3.7
28.5
._205-4_....____ -
20.5
4.3
. 3.7
28,5
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
.STE!_'-KATE BENEFIT? FOR CURRENT-EMPLOYEES UNDERAGE 45._
AND FUTURE EMPLOYEES
CURKENT..BtNEFITS FOR CURRENT EMPLOYEES AGE 45.AND OVER
.-PROJECTION OF_BOARU-OF ACTUARIES DYNAMIC FUNDING. METHOD---
WITH UNFUNDED LIABILITY AMORTIZED OVER 75 YEARS
(CONTKIdUTIONS AND BENEFITS AS A PERCENT OF PAYROLL)
.EEPERAL._ _.._ .FEDERAL.-.-_ _. TOTAL
__ TOTAL .
RATIO OF
RATIO OF
... UNFUNDtp
CONTRIB. CONTRIB. FEDERAL
BENEFITS
FUND TO
LIABILI I Y
-YEAR TU_. 54 - -CONTRIB..
FROM CSR
PAYROLL
TO PAYROLL
38.7
26.7
. 1.42.
7918
_39.7
30.6
__..1.81
7* 16
4.6 .40.7. . .
33.0
2.05
1.493 ___-.--Abel. .--_._...__5.5.. 41..7..
._._.33.6
2.19
6.?3
-19-98.._ 5.8 41.9.
.. 33.5
2.35.
.2_QQ3 - -~ 36,1 _5.8 41.9
32.2
2.56
5?l0
-598 _ 41.9
3104
2.81. _
2.013 36.1. 5.8 42.0
30.8
3.23
491.6
2018 36.1 5.8 42.0
30.2
3.61
3.dO
202L__-.-..36.1.._..._. 5.9 .. .42.0
29.6
4.01
3..'0
2028 36.1 5.8 42.0
29.1
4.43
2. 18
2033 36.1 5.8 42.0
28.9
4.89
2.15
2036- 36.1 5.8 .42.0
2897
5.37
1.10
2043 36.1 5.8 42.0
28.6
5.87
1.15
2048 _ 36.1 5.8 42.0
28.5
6.39
0.:16
ZQ53. _.. j6.a1 - 5.8 42.0
28.5
6.92
0.u0
2Q54 - - -44.3 506 30.2
28.5
6.91
0.(J0
Approved For Release 2011 /01 /11 : CIA-RDP89-00066R000900110031-0 -
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
_APD-ON BENEFITS FOR FUTURE EMPLOYEES
CURRENT BtNEFITS FOR CURRENT EMPLOYEES
NUMBEW OF ANNUITANTS ON ROLL
(IN THOUSANDS)-
NUMBER OF AGE ANNUITANTS
NUMBER DISABILITY ANNUITANTS
WITH
SOCIAL
SECURITY
WITHOUT
SOCIAL
SECURITY
TOTAL
WITH
SOCIAL
SECURITY
OFFSET
WITHOUT
SOCIAL
SECURITY
OFFSET
TOTAL
NUMBER
NUMBER
SURVIVORS
893.
893..
.0.
336,
.336?
.365.
1983
1074,
1074,
0.
363,
363,
410,
1988
1227.
1227.
0.
382.
382.
465.
1993--
Q.-
1300,
1300.
0.
385.
385.
515.
1998
0.
1-416.
1316.
0.
379,
379.
552.
2003
- 0._
1321,
1321.
0.
366.
366,
569,
2D 0~ -
0.
1351._ _
1351,
0.
349.,.
349,
561.
2613._ _
-
1416.
1416.
0.
332.
332,
541.
2018
1538.
1538,
0.
321.
321.
523.
1107.
1707,
0.
312.
312.
522.
2028 - -
1857.
1857.
0.
306,
3Q6,
539.
2033
1962.
1962.
0.
301.
301.
565.
2036
2028.
2028,
0.
297,
297.
587,
2043
2068,
2068,
0.
295.
295?
599.
2048
2091,
2091.
0.
294.
294.
603.
2053
2101.
2101,
0.
293.
_ 293.
6029
2054
2103.
2103,
0,
293.
293.
6029
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
APD-ON BENEFITS FOR FUTURE EMPLOYEES .
CURRENT BENEFITS FOR CURRENT EMPLOYEES
BENEFITS AS A PEKCENT OF PAYROLL
AGE
DISABILITY
TOTAL
_--__YEAI3._-ANNUITANTS
.. ANNUITANTS
SURVIVORS
BENEFITS
1979 1800
5,0
3,1
2702
1983 21.5
5.3
3.7
31.5
1988 ._...._.....---- 23.8
--- -
-
-
5.4
4.4
34.4
-
~ -
--25.0
1993 -
5.5
5.0
36.0
1998_.__.___.._...- 25.1
5.4
5.5
36.3
2003
25.1
5.8
36.5
2008
25.5
5.2
5.8
36.6
1
2013
25.2
5.5
35.7
2018
--
24.6
5.3
34.8
-
2023
.----24.0
5.1
33.8
2028
23.0
4.6
4,9
32.6
2033
22.0
4.6
4.7
31.4
2038
21.2
4.5
4.5
30.3
r
2043
20.7
4.5
4.3
29.5
20.5
4.5
4.1
29.1
2053
20.5
4.5
4.0
29.0
2095
3.9
28.9
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
AUD-ON BENEFITS FOR FUTURE EMPLOYEES
CURRENT dtNEFITS FOR CURRENT EMPLOYEES
**************************************
PROJECTION OF BOARD OF ACTUARIES DYNAMIC FUNDING METHOD
-- ----WLTH...UNFUNUED LIABILITY AMORTIZED OVER -75 YEARS-
--.__(C0NTNIBUTIONS AND BENEFITS AS A PERCENT OF_ PAYROLL.)-
FEDERAL
FEDERAL
TOTAL
TOTAL
_ _----RATIO.-yE._
RATIO OF UNFUNDtD
YEAR
--(QNTRI6
TO C5R
.. ..GONTRIB_.__
TO 55
_P EVERAL
(-ONTRIB.
tfENEFIT5..._ __....-FUND. TQ__ L1A8ILILIL_-
FROM CSR PAYROLL TO PAYROLL
1979
38
.5
0.1
38.7
27.2
1.47
8.!9
1983
38.5
1.1
39.7
31.5
2.08
W6
1988
$8.5
2.4
34.4
2.55
7063
1993
38.5
3.5
42.1
36.0
2.87
7.u0
1998
38.5
4.3
4298
36.3
3.13
6.y2
2003
38.5
4.9
43.4
36.5
3.37
5.09
2008
38.5
5.4
44.0
36.6
3.57
5.08
2013
38.5
5.7
44.2
35.7
3.77
4, 3
2018
38.5
5.8
44.3
34.8
4.03
494dq
2023
3895
5.8
33.8
4.35
3? '3
2028
38.5
5.8
32.6
4.71
3914
2033
38.5
5.8
44.4
31.4
5.14
2,D4
2038
38.5
44,4
30.3
5.64
1993
2043
38,5
5.8
44,4
29.5
6.21
1.30
2048
38.5
5.8
44,4
29.1
6.83
O9b6
2053
38,5
5.8
44.4
29.0
7.47
000
2054
2592
5.8
31.0
29.0
7.47
0.u0
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
_--ADD-ON BENEFITS FUR CURRENT EMPLOYEES UNDER AGE 45
AND FUTURE EMPLOYEES
CURRENT BtNEFITS FOR CURRENT EMPLOYEES AGE 45 AND OVER
NUMBER OF ANNUITANTS ON ROLL
(IN THOUSANDS)
____..NVM-5ER_.QE..AGE_.ANNUI.TANTO--_ NUMBER DI5AOILLTY ANNUITANTS_._
YEAR
$ITH_
SULIAL
5ECyRITY
UthSET
WITHOUT
SOCIAL
SECURITY
OFFSET
.WITH
SOCIAL
TOTAL SECURITY
NUMBER OFFSET
WITHOUT
SOCIAL
SECURITY
OFFSET
TOTAL
NUMBER
NUMBER
SURVIVORS
--------
0.
893,
893,
0.
337.
3379
----367
-- --- --- -- -
.
1983
1074,
1074.
409.
1988
0
368
368
---- ----
.
,
.
457.
1993
0.
1304,
1304,
0,
358.
358.
502
----------- --------------
.
1998
--- -
0.
13609
1360,
0.
340,
340.
539.
2003
0.
1400,
1400,
0.
323.
323.
557
2008
0.
14740
1474,
0.
310.
310.
.
556.
------
-------
2013
----
00
1606,
1606,
0.
300,
300.
545.
tole
00
1753.
1753
0
2
.
.
95,
295.
539.
2023
0.
1894,
1894,
0.
293,
293.
549.
2028
0.
1998.
1998,
0.
293,
293.
572.
2033
0.
2057,
2057,
0.
293,
293.
597.
2038
0.
20829
2082,
0.
293.
293.
612.
0,
293,
293.
615.
2048
0.
2100.
2100,
0.
293,
293.
610,
2053
00
2104.
2104,
0.
293.
293.
605.
2054
0.
2105,
21059
3.
293.
293.
604.
Approved For Release 2011/01/11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
.ADD-ON BENEFITS FUR CURRENT EMPLOYEES UNDER AGE 4
ANU FUTURE EMPLOYEES
CURRENT..BENEFITS POR CURRENT EMPLOYEES AGE 45 ANC
_SENEFITS.AS_A. PEKCENT OF PAYROLL..
AGE DISABILITY
YEAR ANNUITANTS ANNUITANTS SURVIVORS
1979_.- ._.__ _ 18.0 5.Q ._ _3.2
. 19.88 ... ._- _. - 23.a7.
5.2
24.5._- -- - --- ..-_ 5
_.._.1998__ - - __ 24.5. ..
4,8
2003 ---- -- _ 23.4 .- . 4.7
.20Q8__.._._ _..._.._22.6
- -- 2011 __ __ _ . - ... 21 a 8
2018.-_-_-.-
2
2028
2033
2038-
2043-
.
2048
2053_.___...
2054_
21.3
____ _.21.Z .
21.1
20.8
20.6
2045
20.5
2095
20.5
4.6
.4.2
4.1
4.1
4.5.. --- _. 4.1
4.5 4.0.
4.5
4.5_
4.5
3.9
3.9
TOTAL
BENEFITS
- 26.7.
30.8.
33.4.
.._.34a4i
34..7.1
33.6.
32.61
31.4!
30.4.
30.0.
29.7.
29.4:
29.2.
29.0-
28.9
28.9
28.9
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
ADD-UN BENEFITS FUR CURRENT EMPLOYEES UNDER AGE 45
AND IUTURE EMPLOYEES
CURRENT BENEFITS rOR CURRENT EMPLOYEES AGE 45 AND OVER
___PR-QJECTION_ OF 60ARU OF ACTUARIES DYNAMIC FUNDING METHOD
WITH UNFUNDED LIABILITY AMORTIZED OVER 75 YEARS
(CONTRIBUTIONS AND BENEFITS AS A PERCENT OF PAYROLL)
_ _FEDERAL . FEDERAL. TOTAL . TOTAL R
CONTRIB. CONTRIBe rEDERAL BENEFITS
_YEAR_ __. TQ - CSR_.. TU 55 CONTRIB. FROM CSR
37,5 3.5
3795 4.6
5.5
1498. 7._5 5.8
_...... ZQQ-3__-_-. _ 370 5.8
_._...2.00.5..._...__-- _3.7.5_ 548
_2Q13 37,5 500
_2018 .37.5 5.8
202.8__ 47,5 _ 5.8
2Q33__. _ 37.5
2938 37.5 .
2043 37.5
2Q48 - -- 37.5
2053._.-_ 31.5
2Q54 __ 25.2
40.Q -. _.26..7
41.0 30.8
42.0 33.4
43.0 _ 34.4.
43.2, 34.7
43.3 33.6
.43.3 . . 32.6
43.3 31.4
43.3 30.4
43.3_ 30.0
43.3 29.7
5.8 43.3 29.4
5.8 43.3 29.2
5.8 43.3 29.0
5.8 43,3 28.9
5.8 _ 43.3 28.9
5.8 31.0 28.9
RATIO OF
ATIO OF VINFUINDkD
FUND TO LIABILITY
PAYROLL TO PAYROLL
1x43_. 809
1.88 7.b8
2.17 607
2.36 6.?7
205
5.y0
207.. 5.43
3a06. 407
3.41 _ 4.'!7
3.82 306
4.27.. 3..43
4.759 2.V9
5.25 2.-04
5.77_ - 1.17
6.33 1.-dC
6.91 O.o1
.7.51 0.0
7.51 0.y
Approved For Release 2011 /01 /11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
Individual Benefit Levels
The following tables compare the current Civil Service Retirement benefit
with Social Security and the four models of integrating with Social
Security. Monthly annuities and replacement ratios were projected for
retirement in 1985 at ages 55, 60, 62 and 65 for various combinations of
salary and service. Projections to 1985 avoid the complications of
transitional Social Security formulae.
After 1979, annual general schedule increases of 6.5% and annual inflation
of 6% were assumed. Benefits were discounted from 1985 to 1979 by the 6.5%
salary increase rate.
Social Security benefits were computed using indexed earnings. If total
federal service is less than or equal to 35 years, the primary insurance
amount is multiplied by the ratio of federal service to 35 years; if service
is greater than 35 years, the Social Security benefit is the Primary Insurance
Amount. The Primary Insurance Amount is reduced by 20% for retirement at
age 62. Family benefits are not included.
Salary histories were the same as those made in the actuarial valuation de-
scribed earlier in this paper. The range of final salaries, from $10,000
to $50,000, cover almost all current federal employees. Replacement ratios
are less than the direct benefit calculation percentage since those are
applied to the high-three years salary while the ratio is based on final
salary.
11 Approved For Release 2011 /01 /11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
RETIRED AT AGE 55
BENEFIT BEFORE AGE 62
Approved For Release 2011/01/11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
PRUJECTED CSR BEr~EFITS - MINIMUM CHANGE FORMULA
AGE 55_ RETIREMENT
bEI EF IT BEFORt -AGt _62
PkUJECTEC TO 1985 At:;; DISCOUNTED AT 6.5 TO 1979
REPLACEMENT RATIOS
FINAL
SALARY
5EkV.ICE
30 3_5
$10000 CSR
10000 TOT
10000 SUP
10000 NEW
52.6 62.0
5b*7 69.3
14.3 16.7
44.4 52.6
15000 CSt~_ - 52 6 62.0
15000 TOT 56.4 66.6
15000 SUP 11.9 14.0
15000 NEW 44.4 52.6
20000 CSR 52.6 .62.0
2G0G0 _ _TOT 54.6 _ 64.6
20000 SUP 10.2 ^11.9
20000 NEW 44.4 52.6
1500.Q. L5R_. 52.6__62.0 _-.-
25000 TOT 53.3 63.0
250Q0 _ SUP b.b .10.3
25000 NEW 44.4 54.6--
30000 CSR 52.6 62.0
30000 TOT 51.1 619b
30003__ SUN 1,7 9.0
_3QQQ0 _..[JEW 44.4 .._52..6
_ .35090..-LSR 52.6 62.0_
35000 TOT 51.1 60.5
__ 3SG4J_ _..SU-'_ 7 7b
35000 NEW 44.4 52.6
40000 CSR '52.6 62.0
401000_ TOT _ _50.3 59,5
40000 SUP 5.9 6.9
40000 NEW 44.4 52.6
450Q0__ #5R 52.6 62.0
4500C TOT 49.7 5b.7
45000 SUP 5.2 6.1
45000 NEW 44.4 52.6
50000 CSR 52.6 62.0
_ 50000 TOT_. .49.2_ 58-.1
50000 SUP 4.7 5.5
50000 NEW 44.4 52.6
11 Approved For Release 2011 /01 /11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
PROJECTED CSR 6E;,,EFITS - OFFSET FORMULA
AGE 55 PET II EM ENT
i3Ep,EFIT LEFORL AOt 62
PRU'JECTED TO 1955 4t~r) t 1 SCL)U 1 tG AT 6.5% TO 1979
kEPLArEME1'T RAT IC5
FI14AL
SERVICE
SALARY
30
35
$1,~ 0uJ
r5k
52.6
62.0
10V"u-f
TOT
46.3
54.
13 CC~
SUP
G.
u.
10000
(,E4
46.3
54.0
150;;'
r5i~
52.6
62.C
15JJ,~
TOT
46.3
54.0
15 0O,3
SUP
0,
150LO
t~E-w;
46.3
54.0
20 )~:.
CSR
52.6
62,0
2JvOv'
TOT
46.3
54.C
2GC.,
,UP
G.
co
20000
(4t.:
4t .3
54,,C
25003
C3k
52.6
62.C
25000
TOT
46.3
54.C
25300
cUP
0.
0.
25CJ0
t,Ej.
46.3
54.0
30000;
CSR
5Z.6
62,0
3300E
TC'T
46.3
54.0
30Gu3
SUP
0.
0.
303o2
j,E'r;
4693
54.0
:i50C0
CSR
5"2.6
62,0
35000
TOT
46.3
54.0
35000
SUP
G.
0.
35000
14E'.
46.3
54.C
40000
r5k
52.6
62.C
40000
TOT
4t.3
54.0
40000
sUP
U.
0.
40000
(,Ev.
46.3
54.0
45000
r5k
52.6
62.0
45CoO
TOT
46.3
54.0
45o0 ,
;UP
v.
0.
45000
NE.
46.3
54.0
50C00
CSR
52.6
62.0
50000
TOT
46.3
54,0
50COL
SUP
0.
0.
50000
t'Ev.
46.3
54,0
Approved For Release 2011 /01 /11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
PROJECTED CSR 6EI'EFITS - STEP RATE FORMULA
AGE 55 RETIREMENT
6ENEFIT BEFORE AGL 62
PRLJECTED TO 19b5 AND UISCJJi4TtD AT 6.5`%1 TO 1979
REPLACEMENT RATIOS
FIi1AL
SERVICE
SALARY
30
35
$10000
CSR
5Z.b
62.0
13u
TOT
46.3
54.nv
1033
SUP
14.O
16.4
10000
ttiEi
32.3
37,7
15000
rSR
52,o
62.0
15 )j,)
TOT
46,3
54.0
15000
SUFI
10.7
12.5
15033
,SEW
35,6
41,6
2C3o3
rSR
52.6
62.0
23003
TOT
4693
54.0?
20J'OC
SUP
8.0
9,4
20030
i,Ev
38e3
44.7
25003
CSF:
52.6
62,0
25JO0
TOT
46.3
54.0
25000
SUP
6,4
7.5
25300
: Ei~
39.9
46.6
3000
rSR
52.6
62.0
30000
TOT
46.3
54.0
3uu0u
SUP
5.3
6,2
30000
tiEh
41.0
47,8
35000
rSR
52.6
62.0
35000
TOT
46.3
54.0
35006
SUP
4,6
593
35000
14EH
4197
48.7
40000
rSR
52.6
62,0
40000
TOT
40.3
54.C
40000
SL P
4.0
4.7
40030
I4EW
42.3
49,4
45000
rSR
52.6
62.0
45CjC
TOT
46.3
54.0
45030
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3,6
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42.8
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52.6
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TOT
460
54.0
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3.2
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43.1
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Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
PkUJECTED CSR bEtiEFITS - AUD-ON FORMULA
AGE 55 RETIREMENT
6ENEFIT BEFORE Avt 62
PPUJECTED TO 1985 AND DISCUUNTED AT 6.56 TO 1979
itEPLACEMENT RATIOS
FINAL
SALAkY
SERV 1 CE
3G 3`.
$1C300
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52.L
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37,9
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3-7.9
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52.6
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31.9
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3 T.9
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52.6
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37.9
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3799
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52.6
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31.9
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37.9
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31.9
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52.6
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31.9
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37.9
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37.9
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31.9
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Approved For Release 2011/01/11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
RETIRED AT AGE 55
BENEFIT AT AGE 62
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
CIVIL SERVICE RETIkEME,4T CONPAkEU TU SOCIAL SECUkITY
MGE 55 FETIREMr 1
bU4EFIT AFTER AGL 62
PkUJEC] EL' TU 19b5 AN; L I SCUJT.TL[- AT o.5'A TU 1979
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F1irAL
SERVICE
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51.t
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32.7
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52.6
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17.5
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51.6
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6290
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13.5
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52.6
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Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
PPUJLCTED C5k BENEFITS = MINIMUM CHANCE FORMULA
AGE 55 RETIREMENT
6EwEFIT AFTER 'AGt..62
PRLJECTE[' TO 1985 AND DISCUUNTtO AT 6.5% TO 1979
REPLACEVEfrT RATIOS
FINAL
SALARY
SERVICE
3u 35
$10000
CSk
52.6' 62.0
10030
TOT
62.6 74.1
10000
55
32.1 3b.2
1000v
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30.2 35.9
15000
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52.b 62.0
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59.8 70.6
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32.5 3b.6
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52.6. 62.0
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57.5 68.0
20000
55
23.3 27.3
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34.3 40.7
25000
CSR
52.6 6200
25000
TOT
55.8 65.9
25000
_ 55
20.2 23.6
25000
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35.6 42.3
30000
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52.6 62.0
30000
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54.3 6491
33000
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11.5 20.5
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36.8 43.7
35000
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5296 6290
35000
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53.1 62.7
35000
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15.3 17.9
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37.7 44.8
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52.6----62.0
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52.0 61.5
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38.6 45.b
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5192 60.5
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12.0 14.0
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39.2 46.5
50000
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52.6 6290
50000
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50.5 59.7
50000
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10.8 1206
50000
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39.7 47.1
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
PkOJECTED C5k t3Er;EFITS - OFFSET FUkMULA
A(,E 5; FETIREt,ENT
t3E~.EFIT AFTER AU 62
PPUJECTED TO 1965 Af r C I SCOU1TtG AT 6.5% TO 1979
REPLACEMPU4T RATIOS
5EW? 1 CE
SALNKY
3v
35
$10000
ASK
52.6
6200
10333
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64.7
75.5
10030
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32.7
38.2
10000
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32.0
3793
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52.E
62.0
15000
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61.6
72.1
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55
21.2
32.0
15300
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34.4
40.0
23000
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50.6
62.0
20000
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5994
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20000
55
23.3
27.3
23000
NE.ti
36.1
42.1
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52.6
62.0
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51.7
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55
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31,5
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52.6
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5692
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55
17.5
20.5
30000
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38.6
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52.6
62.0
35000
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54.9
64.1
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15.3
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39.6
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52.6
62.0
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53.9
62.9
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55
13.5
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40.4
4792
45000
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52.b
62,0
45000
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53.1
61.9
45000
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12.0
14.0
45300
: Eiti
41.1
47.9
50000
rSR
52.6
62.0
50000
TOT
52.4
61.1
50000
S5
10.8
12.6
50000
NEW
41.6
4695
Approved For Release 2011 /01 /11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
PROJECTED CSR BEr,1EFITS - ADD-Utz FORMULA
AGE 55 RETIREMENT
BELIEF IT AFTER AGL 62
PRUJECTEG TU 1965 A-?C GISCUU":TLU AT 6.5% TO 1979
RE-'LhcEI Er4T RAT 105
FINAL
SEP 1CE
SALARY
30
35
313(JGC
(SF`
52.6
629C
1000C
TOT
70.5
82,4
100CC
55
32.7
38.2
10000
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3799
44.2
15030
c5k
52.6
62.0
15Cj0
TOT
65.1
76.2
1503u
55
2792
32.0
15000
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37.9
44.2
20G 0u
rSk
52.6
62.0
230 3
TOT
61.2
71.5
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23.3
27.3
20300
NEr
37.9
44.2
250CO
CSR
52.6
62.0
25UOO
TOT
58.1
67.8
25030
55
20.2
23.6
25000
wEw
3r.9
44.2
30060
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52.6
6290
3003
TOT
55.4
64.7
30i0C
55
17.5
20.5
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37.9
44.2
35000
CSR
52.6
62,0
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53,2
62.1
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15.3
17,9
35000
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37.9
44.2
40000
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52.6
62.0
40000
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51.4
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40000
55
13.5
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40000
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37.9
44,2
45000
C5k
52.6
62,0
45000
TOT
49.9
58,2
45300
55
12.0
14.0
45000
t,iEw
3 1.9
44.2
50000
r$R
52.6
62.0
50003
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48.7
56.6
50000
55
10.8
12.6
50000
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37.9
44,2
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
PROJECTED CSR BENEFITS - STEP RATE FORMULA
H(iE 55 RETIREMENT
5E4',EFIT AFTEK A( L 62
PPUJLCTEL TO 1905 AND DISCJUI4TLO AT 6.5% TO 1979
REPLACEMENT RATIOS
FINAL
SERVICE
SALARY
3C 35
S1C030 (Sri
52.b
62,0
10000
TOT
64,9
75,b
10303
SS
32,7
38.2
10300
NEw
32.3
3797
15000
CSR
52.6
62.0
15006
TOT
62.9
73.6
15000
55
21.2
32.0
15030
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3596
41,6
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52.6
62.0
2000
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61.6
72.0
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55
23.3
27.3
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;iEw
313.3
44.7
25000
CSR
52,6
62,0
25000
TOT
60.1
70.2
25000
55
20.2
2396
25000
NEW
39.9
46.6
30330
CSK
52.6
62.0
30000
TOT
513.5
68.3
30)30
55
11.5
2C.5
30036
tEw
41,0
47,8
35000
r5R
52.6
62.0
35000
TOT
57.1
66.6
350,)0
55
15.3
17.9
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41.7
4b,7
40030
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52.6
62.0
40000
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559E
65.1
40000
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13.5
15.7
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1.4E v;
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49,4
45003
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52.6
62.0
45000
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54.7
63.8
45000
55
12.C
14.0
45000
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42.b
49,9
50030
rSF
52.b
62,0
5000
TOT
53.9
62,9
50330
55
10.8
12.b
50000
NEW
43.1
50,3
Approved For Release 2011/01/11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
RETIRED AT AGE 60
BENEFIT BEFORE AGE 62
1 Approved For Release 2011 /01 /11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
P.PUJECTEO CSR BENEFITS - MI14I?vUN CHANGE FORMULA
AGE 60 RETIREMENT
BE+JEF I T 6tFOit AGt 62
PRUJ ECTE.U TO 1965 Ate;; DISCUUNTtU AT 6.5Th TO 1979
REPLACEMENT RATIOS
F1wAL
SEkVjCE.
.
SALARY
20 25 3u
!b1COCC C51
33.9 43.3 52.6
62.0
71.3
1COCC TUT
36.3 46.6 56.9
67.2
77.5
10000 SUP
8.2 10.3 12.4
14.6
16.7
10000 NEB
2b? 1 - 36.3 4494
52.6
60.8
15000 CSI
33.9 43.3 52.6
62.0
71.3
15000 TOT
34.9 44.9 55.0
65.0
75.1
15000 Sup
6013 bob 10.5
12.4
14.3
15000 NEw
28.1 36.3 44.4
52.6
6C.8
20000 CSR
33.9 43.3 52.6
62.C
71.3
20000 TUT
34.0 43.6 53.4
63.1
72.9
20000 SUP
5.9 7.4 8.9
-
1C.5
12.0
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2b.1 36.3 44.4
52.6
60.8
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71.3
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33.1 42.5 51.9
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28.1 36.3 44.4
52.6
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33.9 43.3 52.6
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41 .5 ___ 500.7
32.3
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28.1 36.3 _44.4
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31.7 40.8 49.8
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__ 3.6 4.5 __ 594
6.3
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25.1 36.3 44.4
52.6
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33.9 43.3 52.6
62.0
71.3
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31.2 40.2 49.2
58.2
67.1
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3.2 3.9 4.7
5.5
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28.1 36.3 44.4
52.6
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33.9 _43.3 52.6
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30.9 39.8 48.b
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66.4
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2.8 3.5 4.2
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28.1 36.3 44.4
52.6
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33.9 43.3 52.6
62.0
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6 39.4 .48.2
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2.5 3.2 3.8
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28.1 36.3 44.4
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60.8
Approved For Release 2011 /01 /11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
PROJECTED C5R 8EwEFITS - OFFSET FORMULA
Arc 6 RETIkEME-'iT
b EFIT bEFURL Avt 62
PPLiECTEU Tu 1935 A: r"15CC'J(Tt0 AT 6.5% TO 1979
REPLNCEN,EwT RATIOS
FINAL
SERVICE
SALAkY
20
25
30
35
40
31CC00
CSI?
33.9
43.3
52.6
62.0
71.3
100)0
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33.9
38.6
46.3
54.0
61.8
1000
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33,9
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30.9
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30.9
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33.9
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52.6
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71.3
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33.9
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30.9
38.6
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33.9
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33.9
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30.9
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30.9
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30.9
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33.9
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35.9
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30.9
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61.8
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33.9
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30.9
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30.9
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33.9
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52.6
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30.9
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30.9
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Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
PROJECTED CSR GEIVEFITS - ST.P RATE FORMULA
AGE 6J RETIREM~EJ'+T
6E.AEFIT DEEORt AGt 62
PRUJECTEP TO 1985 AND UISCJUI'TtL AT 6.5'o TO 1979
kErLACEI ;EI:T RAT 10S
FINAL
5EkvICE
SALAkY
20
25
30
35
40
$16300
CSk
33.9
43.3
5Z.o
62.0
71.3
1C3o3
TOT
36.9
3b,b
46.3
5+.G
61.b
1Co C
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9.4
11.7
14.C
16.4
18.7
10'000
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21.5
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32.3
37.7
43.6
150i.C
65k
33.y
43.3
52.6
62.0
71.3
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TOT
30.9
3t.o
46.3
54.6
61.8
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!)Up
7.1
5.5
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12.5
14.3
15000
14EA
23.8
29.7
35.6
41.6
47.5
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CS+l
33.9
43.3
52.6
62.0
71.3
20000
TOT
30.9
36.6
46.3
54.0
61.E
20000
SUP
5.3
6.7
8.0
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10.7
2L000
(Ev.
25.5
31.9
36.3
44.7
51.1
25000
65k
33.9
43.3
52.6
62.0
71.3
25000
TOT
30.9
36.6
46.3
54.C
61.8
25600
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4.3
5.3
6.4
7.5
8.6
25000
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26.6
33.3
39.9
46.6
53.2
30000
CSR
33.9
43.3
52.6
62.0
71.3
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30.9
38.6
46.3
54.0
61.8
36000
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3.6
4.5
5.3
6.2
7.1
30000
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27.3
34.1
41.0
47.8
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35000
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33.9
43.3
52.6
62.0
71.3
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30.9
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46.3
54.0
61.8
35000
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3.1
3.6
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691
35000
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27.8
34.6
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48.7
55.6
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CSR
33.5
43.3
52.6
62.0
71.3
4000 0
TOT
30.9
3b.6
46.3
54.0
61.8
400j0
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2.7
3.3
4.0
497
5.3
40000
NEn
2c.2
35.3
42.3
49.4
5694
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65k
33.9
43.3
52.6
62.0
71.3
45000
TOT
30.9
36.6
40.3
54.0
61.8
45000
SLJP
2.-+
3.0
398
4.2
4.3
453o0
NEw
2b.5
35.o
42.6
49.9
57.0
50000
CSk
33.9
43.3
52.6
62.0
71.3
50030
TOT
30.9
38.6
46.3
54.0
6198
56000
SUN
2.1
2.7
3.2
3.7
4.3
50000
NEw
28.7
35.9
43.1
50.3
57.5
Approved For Release 2011/01/11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
RETIRED AT AGE 60
BENEFIT AT AGE 60
11 Approved For Release 2011 /01 /11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
PROJECTED CSR BENEFITS - AUD-ON FORMULA
AvE 6;) RET I REMt1`)T
3C,iEFIT bEFORt AGE 62
PPuJECTEr) TO 1985 AF;D DI SCUUhTEC AT 6.5% TO 1979
kEPLACEMENT RATIOS
F I NAL
SERVICE
SALAkY
25
_ 30
35
40
s10000
CSk
33.9
43.3
52.6
62.0
71.3
1C3JC
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25.3
31.6
37.9
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5095
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00
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0.
10Gi.~0
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25.3
31.6
37.9
44.2
50.5
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3.3.9
43.3
52.6
62.0
71.3
15300
TOT
25.3
31.6
37.9
44.2
50.5
15000
5UP
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0.
06
0.
0.
15300
t+Ew
25.3
31.6
37.9
44.2
50.5
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3399
43.3
52.6
62.0
71.3
230.i0
TOT
25.3
31.6
37.9
4492
50.5
20030
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N.
v.
C.
J.
i.
20000
NLw
25.3
31.6
37.9
44.2
50.5
25300
CSk
33.9
43.3
52.6
62.0
71.3
25000
TOT
25.3
31.6
37.9
44.2
50.5
25000
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C.
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0.
0.
25Co0
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25.3
31.6
37.9
44.2
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33.9
43.3
52.6
62.0
71.3
30000
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25.3
31.6
37.9
4492
50.5
30000
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0.
0.
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0.
0.
30300
NEi
25.3
31.0
37.9
44.2
50.5
35000
CSk
33,9
43.3
52.6
6290
71.3
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25.3
31.6
37.9
4442
50.5
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0.
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35C30
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25.3
31.6
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CSK
33.9
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52.6
62.0
71.3
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25.3
31.6
37.9
44.2
50.5
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0.
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0.
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25.3
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33.9
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52.6
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25.3
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0.
0.
09
0.
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450u0
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25.3
31.6
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33.9
43.3
52.6
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71.3
5000C
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25.3
31.6
37.9
44.2
50.5
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U.
C.
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C.
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50:00
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25.3
31.6
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44.2
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Approved For Release 2011/01/11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
CIVIL SE-'ICE kETIr;Ei?'E;,T CO'?iPAREU TO SOCIAL SECURITY
AG--- o,; ni:T I KE1 ;Li1T
6EI.EF I T AFTCrl AGt 62
PRUJECTLL? TO 1965 A:i;) UISCUUiiTtD AT 6.5% TO 1979
kc--PLA%-."r-MENT RATIOS
Flf4AL
SEkVICL
SALAKY
20
25
30
35
40
31.3 C
C5i?:
33.9
43.3
54" .6
61.0
71.3
10C'uu
55
ld.6
23.6
26.5
33.3
33.5
15:)UUJ
CSK
33.9
43.3
52.6
62.0
71.3
150.>
SS
15.6
19.7
24.0
26.3
28,6
2DC>
CS-i
33,9
43.3
52.6
62,0
71.3
23030
55
13.5
16.9
20.4
24.0
24.1
C5E:
33.9
43.3
52.6
62.C
71.3
25j:'3
SS
11.?+
1.+.3
17.1
20.0
20.C
3~-jL:,
CSk
33.9
43.3
52.b
62.0
71.3
3C v, ,0
55
9.0
12.0
14.4
35Cr:)0
CSk
3399
43.3
52.6
62.0
71.3
35vv0
55
o.2
10.3
12.3
14.4
1404
40,)JO
CSK
33.9
43.3
52.6
62.0
71.3
4i,OUO
55
7.-
9.0
10.8
45000
C5k
33.9
43,3
52.6
62.0
7193
45:):)0
55
6.4
8.0
9.6
11.2
11.2
5:000
CSr2
33,9
43.3
52.6
62.0
7193
500J0
55
5.0
7.2
8.7
10.1
10.1
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
PRUJECTED CSR 6E,4EFIT5 I1INIMU" CHANGE FORMULA
A3E 60 RETIKEMENT
EE.:EF I T AFT Lk A(it 62
NRUJLCTEU TO 1y85 Ai.[) 1;15COUr.TtL AT b.5% TO 1979
REPLACEMENT RATIOS
FINAL
SERVICE
SALAkY
25
30
35
40
$10000
CSR
33.9
43.3
52.6
62.C
71.3
1COnO
TLT
3;s?6
49.6
60.5
71.4
77.6
10000
55
1098
2396,
28.5
33.3
33.5
10000
NEV.
19.9
25.9
32.0
3b.1
44.1
15CC3
CSk
33.9
43.3
52.6
62.0
71.3
15000
TOT
36.6
47.4
58.0
68.6
75.1
15000
55
15.6
19.7
2490
28.3
28?6
150,00
NLw
21.3
27.6
33.9
40.2
46.5
20000
CSR
33.9
43.3
52.6*
62.0
71.3
200%-C
TUT
35.7
45.7
55.9
66.1
72.9
200,110
SS
13.5
16.9
20.4
24.0
24.1
20000
1it.v
2292
2899
35.5
42.1
48.8
25000
CSR
33.9
43.3
52.6
6290
71.3
25000
TOT
34.5
44.3
54.1
63.9
.70.8
25 00
55
11.4
14.3
1791
20.C
20.0
25000
i4Ew
23.1
3090
37.0
43.9
50.8
30000
C5r,
33.9
43.3
52.6
62.0
71.3
30000
TOT
33.5
43.0
52.5
62.1
69.2
30000
55
9.6
12.0
14.416.8
16.8
30000
Ntw
23.9
31.0
38.2 45.3
52.4
35000
C5R
33.9
_43.3
52.6 62.0
71.3
35000
TOT
3297
42.1
51.4 60.7
68.0
35000
55
8.2
10.3
12.3 14.4
14.4
35300
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24.5
31.8
39.0 46.3
53.6
40030
C5-'.
33.9
43.3
52.6 62.0
71.3
400 0
TUT
32.1
41.3
5005 59.7
67.1
40000
55
7.2
9.0
10.8 12.6
12.6
40300
:JE''
24.9
32.3
39.7 47.1
54.5
450u0
CSR
33.9
43.3
52.6 62.C
71.3
45000
TOT
31.7
40.8
49.9 5b.9
66.4
45000
55
6.4
8?U
9.6 1192
11.2
45000
;.E+w
25.3
32.8
40.2 47.7
55.2
50000
CSk
33.9
4393
52.6 62.0
71.3
50000
TUT
31.3
40.3
4993 58.3
65.9_
50000
55
5.8
792
8.7 10.1
10.1
50000
NEW
25.5
3391
4097 4892
55.8
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
PROJECTED CSR i3ENFFITS - STEP RATE FORMULA
AGE 6J RETIkEMENT
6E;iEF I T AFTER AuL 62
PkUJECTEL TO 1985 Alt-,) JISCUU.i Tt(: AT 6.5'%o TO 1979
kEPLACE1?1EI T RATIOS
310000
CSK
33.9
43.3
52.6
62.0
71.3
10000
TUT
40.3
50.5
60.7
71.0
7095
10CuO
55
18.b
23.0
28.5
33.3
33.5
10000
4Er,
21.5
2b.9
31.3
37.7
43.0
1503
CSk
33.9
43.3
52.6
62.0
71.3
15000
TOT
39.3
4994
59.6
69.9
76.1
150t,G
55
15.b
15.7
24.0
28.3
26.6
15030
NEW
23.8
29.7
35.6
41.6
47.5
203::3
CSK
33.9
43.3
52.6
62.0
71.3
20COO
TUT
39.;;
48.6
5b.7
66.7
75.2
20000
55
13.5
16.9
2u.4
24.0
24.1
20COC
NEw
25.5
31.9
36.3
44.7
5101
25000
CSR
33.9
43.3
52.6
6290
7193
253;,0
TOT
3b.0
47.5
57.0
.66.6
73.2
25000
55
11.4
14.3
17.1
20.C
20.0
25003
iiEw
2696
33.3
39.9
46.6
53.2
30000
C5R
33.9
43.3
52.6
62.0
71.3
30400
TGT
3b.9
46.1
55.4
64.6
71.4
30000
55
9.6
12.0
14.4
1698
16.8
30000
NEw
27.3
34.1
41.0
47.6
54.6
35003
CSR
3.3.9
43.3
52.6
62.0
71.3
35000
TOT
36.0
45.1
54.1
63.1
70.1
35CJC
55
6.2
10.3
12.3
14.4
14.4
35303
NLw
27.6
34.8
41.7
48.7
55.6
40030
CSR
33.9
43.3
52.6
62.0
71.3
40000
TOT
35.4
44.3
53.1
62.0
69.0
40000
55
7.2
9.0
10.8
12.6
12.6
4001`0
NEw
28.2
35.3
42.3
4994
56.4
4503C
CSk
33.9
43.3
52.6
62.0
71.3
45000
TOT
34.;i
439o
52.4
61.1
66.2
45040
55
6.4
8.0
9.6
11.2
11.2
45000
NEw
28.5
35.6
42.8
49.9
57.0
500JO
CSil
33.9
43.3
52.6
62.0
71.3
50000
TOT
34.5
43.1
51.8
60.4
67.6
50000
55
5.6
7.2
6.7
10.1
10.1
50000
NEW
28.7
35.9
43.1
50.3
57.5
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
PROJECTED CSR BENEFITS - OFFSET FORMULA
A1,E oC kETIREf LNT
BENEFIT AFTER AGt 62
PROJECTED TO 1985 ANn DISCOUt4TtO AT 6.5% TO 1979
kEPLACEi,1ENT kATIUS
FII AL
SERVICE
SALARY
2C
25
30
35
40
sioo C
C5r,
33.9
43.3
52.6
62.0
71.3
1C01C
TOT
41.4
51.9
62.3
72.8
78.5
1CDuC:
S5
1C.8
23.6
28.5
33.3
33.5
10000
-4Le
22.7
28.3
33.9
39.5
45.0
15CUC
CSk
33.9
43.3
52.6
62.0
71,3
15Cci0
TOT
39.0
49.7
59.8
7C.0
76.1
1500
53
15.o
19.7
24.0
28.3
28.6
15060
NEW
24.1
30.0
35.8
41.6
47.5
2C`~0
CSk
33.9
43.3
52.6
62.0
71.3
2CJ 0
TUT
33.5
4b.1
S7.b
67.5
73.8
2~,0
55
13.5
lo.9
2 1.4
24.0
24.1
20;,0Y0
N Ea
25.U
31.2
37.4
43.5
49.7
250~u
CSk
33.9
43.3
52.6
62.0
71.3
25000
TOT
37.3
46.6
55.9
65.3
71.8
25000
55
11.4
14.3
17.1
20.0
20.0
25000
I'Ei.
25.9
32.4
3b.8
45.3
51.7
30000
CSR
33.9
4393
52.6
62.0
71.3
311--30'
ToT
36.3
45.3
54.4
6395
7092
3C.OCO
5.3
9.6
12..
14.4
16.8
16.8
3000C
tE
2o.7
33.4
40.0
46.7
53.3
35300
CSR
33.9
4393
52.6
62.C
71.3
35030
TOT
35.5
44.4
53.3
62.1
69.0
350CO
55
8.2
1u.3
12.3
14.4
14.4
35000
1Em
27.3
34.1
40.9
47.*1
54.6
40000
C5R
33.9
43.3
52.6
62.0
71.3
4C000
TOT
34.9
43.7
52.4
6191
6891
4C.u00
1-15
7.2
9.0
10.8
12.6
12.6
4'.003
NEn
27.7
34.7
41.6
4895
55.5
45006
CSn
3399
43.3
52.6
62.0
71.3
45303
TOT
34.5
43.1
51.7
60.3
67.4
450uu0
55
6.4
8.0
9.6
11.2
11.2
45000
Ntw
28.1
35.1
42.1
49.1
56.2
50C00
C5kk
33.9
43.3
52.6
62.0
71.3
50600
TOT
34.1
42.6
51.2
59.7
66.8
50OUC
SS
5.8
7.2
8.7
10.1
10.1
50000
NE.i
28.4
35.4
42.5
49.6
56.7
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
PROJECTED CSR SE;;EFITS - AUD-ON FORMULA
AGE bn R F T I REMENT
vLrrEFIT AFTE.k A0 62
~PLJLCTES 1J 1y35 A';3 GISCU'U Tt[ AT 6.5% TO 1979
kEPLACEr E(. T RATIOS
FINAL
SERVICE
SALAi,Y
23
25
30
35
40
110030
CSk,
33.9
43.3
52.6
62.0
71.3
133j0
TOT
44..
X5.2
6o.3
7795
84.0
100,110
SS
16.6
2306
28.5
33.3
33,5
10 30
iitr
25.3
31.6
37.9
44.2
5005
15').0
CSr:
33.9
43.3
52.6
62.o
71.3
15')0
TOT
-+C.h
51.3
61.9
72.6
79.1
150CI0
55
15.6
19.7
24.0
28.3
28.6
15030
14Er4
25.3
31.6
37.9
44.2
50.5
20)03
CSK
33.9
43.3
52.6
b2.0
71.3
20,03
Tut
3d.6
46.4
5b.3
68.2
74.6
20330
5")
13.5
1b.9
2v.4
24.0
24.1
20000
4E,,
25.3
31.c
37.9
44.2
50.5
25000
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33.9
43.3
52.o
62.0
71.3
25000
TOT
36.7
45.9
55.0
64.2
70.6
25600
55
11.4
14.3
17.1
20.0
20.0
25300
1vEv;
25.3
31.6
37.9
44.2
50.5
30000
C5i-:
33.9
4393
52.6
62.0
71.3
30000
T31
3499
43.6
52.3
61.0
67.3
30000
55
9.6
12.0
14.4
16.6
16.8
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t,,.Ea.
25.3
31.6
37.9
44.2
50.5
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C5h
3399
43.3
52.6
62.0
71.3
35Cv0
TOT
33.5
41.9
50.2
58.6
64.9
35000
SS
8.2
1u.3
12.3
14.4
14.4
35000
!iLv,
25.3
31.6
37.9
44.2
50.5
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C5h:
33.9
43.3
52.6
62.0
71.3
4~,'1:u
TUT
32.5
40.6
4b.7
56.8
63.1
400'03
55
7.2
9.0
10.8
12.6
12.6
451-J00
05k
33.9
43.3
52.6
62,0
71.3
450.'30
TuT
31.7
39.6
47.5
55.4
61.7
45330
55
b.4
8.u
9.6
11.2
11.2
45300
wLr
25.3
31.6
37.9
44.2
50.5
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CSk
3s.9
43.3
52.6
62.0
71.3
503. 3
TOT
31.1
3d.6
46.5
5493
60.6
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55
5.6
7.
b.7
10.1
10.1
50030
NEA
25.3
31.6
37.9
44.2
50.5
11 Approved For Release 2011 /01 /11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
Approved For Release 2011 /01 /11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
CIVIL SERVICE RETIREMENT COMPARED TO SOCIAL SECURITY
AGE 62 HET I REI4ENT
PROJECTED TG 19b5 AAD DISCOUNTED AT 6.5% To 1979
KEPLALEMENT RATIUS
F IriAL
SALAkY
5
10
15
SERVICE
20
25 30 35
40
510000
CSI
"i.e
15.2
24.6
33.9
43.3
52.6
62,0
7193
10000
55
4.6
9.2
13.9
18.6
23.4
28.3
33,2
33.4
15000
CSK
7.u
15.2
24.6
33.9
43.3
52.6
62.u
71.3
15050
5b
3.7
7.5
11.4
15.4
19.5
23.7
28,1
28.3
20000
CSK
79v
15.2
e4.6
33.9
43.3
52.6
62.0
71,3
20000
55
3.2
6.3
9.5
12.7
15.9
19.1
22.4
22.5
25000
CSK
7.J
15.2
24.6
3399
43.3
52.6
6200
71.3
25000
SS
-2.6
5.2
7.8
10.4
13.1
15.7
18.3
18.3
30.C?3
CSr
7..)
15.2
24.6
33.9
43.3
52.6
62.0
71.3
3COu0
55
2.2
4.4
6.5
8.7
10.9
13.1
15.3
15.3
35003
CSk
7.;,
15.2
24.E
33.9
43.3
52.6
62.0
71.3
35000
55
1.9
397
5.6
7.5
9.4
11.2
13.1
13.1
40000
CSR
7.
15.2
24.6*
33.9
43.3
52.6
62.0
71.3
40000
55
1.6
3.3
4.9
6,5
892
9.6
11,5
11.5
45000
CSR
7.0
15.2
24.6
33.9
43.3
52.6
62.C
71.3
453C0
55
1.5
2.9
4.4
5.8
7.3
8.7
10.2
10.2
50030
CSR
7.0
1592
24.6
3399
4393
52.6
62.0
71.3
500:.i0
55
1.3
2,6
3.9
5.2
6.5
7.9
9.2
9,2
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
PROJECTED CSR EEI4aFITS - MINIMUM CHArNGL FORMULA
AGE 62 KETIREMENT
PROJECTED TO 1985 AND UISCOUNTLD AT 6.5% TO 1979
RENLACEI"ENT RAT 10S
F I i'iAL
SERVICE
SALAKY
10
15
20
25
30
35
40
7._L,
15.2
24.6
33.9
43.3
52.6
62.0
71.3
1^!j.u
TUT
9.1
17.6
27.'1
38.5
49.4
60.4
71.3
71.5
1LOJ0
5S
4.6
9.2
1399
18.6
23.4
28.3
33.2
33.4
1C030
NEti,
4.5
8.6
13.8
19.9
26.0
32.1
3891
4491
15oc c
C5k
7.C
15.2
24.6
3s.9
43.3
52.6
6290
71.3
15000
TOT
6.6
16.9
26.3
36.7
47.2
57.8
68.4
75.0
150J0
55
3.7
7.5
11.4
15.4
19.5
23.1
28.1
28.3
15000
NEW
4.9
9.3
14.9
21.3
27.7
34.1
40.4
4696
2000'0
'C5k
7.G
15.2
24.6
33.9
4393
52.6
62.0
71.3
20000
TOT
8.3
16.2
25.3
35.2
45.2
55.2
65.2
72.1
2ect 0
55
3.2
6.3.
9.5
12.7
15.9
19.1
22.4
22.5
20000
NEW
5.1
.. 9.9
15.7
22.5
29.3
36.1
42,8
49,6
25030
CSk
7.v
15.2
24.6
33.9
43.3
52.6
62.0
71.3
25000
TOT
8.V
15.6
2493
33.9
43.6
53.3
62.9
70.0
25000
55
= 2.6
_
5.2
7.8
10.4
13.1
15..1
1893
18.3
Z5CC0
i1Eh
5.4
10.3
16.5
23.5
30.5
37.6
44.6
51.1
3000C
05k
7,%
15.2
24.6
33.9
43.3
52.6
62,0
71.3
30000
TUT
7.7
15.1
23.5
33.0
42.4
51.8
6102
68.5
.30000
55
2.2
.4.4
_
6.
5
8.7
10.9
13.1
15.3
15.3
30000
;4Eh?
5.6
_.
_
10.7
.
. _
17.0
24.3
-
31.5
38.7
4690
53.2
35U00
CSR
7.0
15.2
24.6
33.9
43.3
52.6
62,0
71.3
35000
TOT
__ 796
14.7
23.0
32.3
41.5
50.7
6090
67.4
35000
55
1.9
3.7
5.6
7.5
9.4
11.2
13.1
13.1
CO 350
_14Ew
5.7
11.0
17.4
24.8
32.2
39.5
46.9
54.3
40000
C5k
7.u
15.2
24.6
33.9
43.3
52.6
62.0
71.3
40000
TUT
7.4
14.5
.
22.7
31.7
40.9
50.0
59,1
66.5
40000
SS
1.6
3.3
4.9
6.5
8.2
9.8
11.5
11.5
4OJL0
!4Ew
5.8
11.2
17.7
25.2
3297
40.2
47.6
55.1
45CCO
CSR
7.u
15.2
24.6
33.9
43.3
52.6
62.0;
71.3
45u00
TUT
7.3
14.3
22.3
31.3
40.4
49.4
58,4
65.9
45 JC'0
55
1.5
2.9
4.4
5.8
7.3
8.7
10.2
10.2
45000
NEw
5.9
11.4
18.0
25.5
33.1
40.6
48,2
55.7
50000
CSR
7.0
15.2
24.6
33.9
43.3
'52.6
62.0
71.3
50000
TOT
7.2
14.1
22.1
31.0
39.9
48.9
5798
65.4
5000C
55
1.3
- 2.6
3.9
5.2
6.5
7.9
9,2
9.2
50000
NEW
5.9
11.5
18.2
25.8
33.4
41.0
48.6
56,2
Approved For Release 2011/01/11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
PROJECTED CSk b.NEFITS - STEP RATE FORMULA
AGE 62 RETIREMENT
PRUJtCTEU TO 19t+5 Arib DISCOUNTED AT 6.590 TO 1979
REPLACEMENT RATIOS
5ALAKY
5
10
15
20
25
30
35
40
$10000
CSk
7.0
15.2
24.6
33,9
43,3
52,6
62,0
71,3
10)00
TOT
10.0
20,0
30.0
40.1
50.3
60.6
70.9
76,4
10300
SS
4.6
9.2
13.9
18.6
23,4
28,3
33.2
33,4
10000
NEW
5.4
10.8
16.1
21.5
26,9
32.3
3797
43.0
1500
CSh
7.0
15.2
24,6
3399
43,3
52,6
62,0
71,3
15000
TOT
9.6
19.4
29.2
39.2
49.2
59.4
69,6
75.6
15000
SS
3.7
7.5
11.4
15.4
19.5
23.7
28.1
28.3
15000
NEW
5.9
11.9
1798
23.8
29.7
35.6
41.6
47.5
20000
C5k.
7.0
15.2
24.6
33.9
4393
5296
62.0
71.3
20000
TOT
9.5
19.1
28.7
3892
47,8
57,4
67,1
73.5
20000
55
3.2
6.3
9.5
12.7
15.9
19.1
22.4
22,5
20000
NLw
6.4
12.8
19.2
25.5
31.9
38,3
44,7
51,1
25000
C5k
7.0
15.2
24,6
33,9
43,3
5296
62.0
71,3
25u00
TOT
9.2
18.5
27.8
37.0
46,3
55,6
64,6
71.5
25000
55
2.b
5.2
7.8
10.4
13,1
15,7
18.3
18.3
25000
NEW
696
13.3
20,0
26.6
33,3
39.9
4696
5392
30000
C5k
7.0
15.2
24.6
33.9
43.3
52.6
62.0
71.3
30000
TOT
9.0
1890
2790
36.0
45.0
54.0
63.1
6999
30u00
55
2.2
4,4
6,5
8.7
10.9
1391
15.3
15.3
30000
tlEw
6.8
13.7
20,5
27.3
34.1
41.0
47.6
54,6
35000
CSk
7.0
15.2
24.6
33,9
43.3
52.6
62,0
71,3
35UOO
TOT
8.8
17.6
26,5
35.3
4491
5299
6198
68.7
35000
55
1.9
3,7
5,6
7.5
994'
11.2
1391
13,1
35000
NEW
6.9
13.9
20.9
27.8
34,8
41,7
48,7
55.6
40J00
CSk
7.0
15.2
24.6
33.9
43,3
52,b
62,0
71,3
40UCC
TOT
8.6
1794
26.1
34.7
43,4
52.1
60,8
67,9
40000
55
1.6
393
4.9
6.5
8.2
9.8
11.5
11,5
40000
NEw
7.0
14.1
21.2
28.2
35,3
42.3
49,4
56,4
450GG
CSR
7.0
15.2
2496
33,9
43,3
52.6
62,0
71,3
45000
TOT
8.5
17.2
25.7
34.3
4299
51.5
60,1
67,,
45000
SS
1.5
2.9
4,4
5.8
7,3
8.7
10.2
10,2
45000
NEW
7,1
1493
21.4
28.5
35,6
42,6
49,9
57,0
50000
CSR
7.0
15.2
2496
33.9
43,3
52.6
62.0
71.3
5UJOC
TOT
8.4
17.0
2595
34,0
4295
5190
5995
66.6
50000
55
1.3
2.6
3.9
5.2
6.5
7.9
9,2
9,2
50000
NEw
7.1
14.4
21.6
28.7
35.9
43.1
50,3
5795
1 Approved For Release 2011 /01 /11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
PROJECTEr) CSR bENEF I TS - OFFSET FORMULA
AVE 62 NETIREr;ENT
PROJECTED TO 19d5 AND t)ISCOU! TED AT 6.5% TO 1979
R`NLNCEmENT RATIOS
F 1 tiAL
SERVICE
SALAkY
5
10
15
20
25
3U
35
4C
*10J00
CSk
79i,
15.2
24.b
33.9
43.3
5296
62,U
71.3
lJJu~
TOT
10.3
2u.b
31.0
41.3
51.8
6292
72,7
78.5
55
4
6
2
9
13
9
1b
6
4
23
3
28
2
33
33
4
,
.
.
.
.
.
,
.
1-OL~C
3+E~.
5.7
11..
17.1
22.7
2b.3
33.9
39,5
45.1
15n.OC
C5k
7,4,
15.2
z4.6
33.9
43.3
52.6
62.0
71.3
150?_0
TOT
9.6
19.7
29.6
39.5
49.6
55.7
69,0
75,9
1501, 1
5S
3.7
7.5
11.4
15.4
19.5
23.7
28.1
28.3
15000
r+E0i
b.1
12.2
ib.2
24.1
30.1
3599
4108
47.6
20OC-0
C5k
7.G
15.2
24.6
33,9
43,3
52.6
62.0
71.3
ZCCLO
TOT
9.5
19.0
20.5
38.C
47.5
57.1
66.6
73.0
2CCCC
55
3.2
0.3
9.5
12.7
15.9
19.1
22.4
22.5
20000
NEt?.
6.3
12.97
19.0
25.3
31.7
38.0
44.2
50.5
25000
CSR
7.G
15.2
24.6
33.9
43.3
52.6
62.0
71.3
25Cr C
TOT
y.1
16.4
27.o
36.7
45.9
55.1
64.3
70.9
25000
55
2.6
5.2
"/.8
10.4
13.1
15.7
18.3
18.3
25000
h LW
6.5
13.2
19.7
26.3
32.9
39.5
46.0
52.6
3 OCG
CSR
7.G
15.0
24.6
33.9
43.3
52.6
62.0
71.3
3000C
TOT
d.9
17.9
2b.8
35.b
44.7
53.7
62.6
69.4
30000
55
2.2
+.4
6.5
8.7
10.9
13.1
15,3
15.3
3GGOC
NEd:
6.7
13.5
20.3
27.1
33.8
40.6
47,4
54.1
35000
CSR
7?u
15.2
24.6
33.9
43.3
52.6
62?U
71.3
350CO
TUT
897
17. ~
2693
35.1
43.9
52.6
61.4
66.3
35000
55
1.9
3.7
5.6
7.5
9.4
11.2
13.1
13.1
35000
IIEW
6.9
13.8
20.7
27.6
34.5
41.4
4803
5502
4'--000
C5k
7.J
15,2
24.6
33.9
43.3
52.6
62.0
71.3
4G0
TOT
6 , 6
17.3
25.9
34.6
43.2
51.8
60,5
67.5
4CC
55
1.6
3.3
4.9
6.5
b.2
9.8
11.5
11.5
40:0:00
iiE. n
b.9
14.0
21.0
28.0
35.0
42.0
49,0
56.0
45:1 CC
C5k
7.:
15.2
24.0
33.9
43.3
52.6
62.0
71.3
45::?)C
TOT
8.5
17.1
25.6
34.1
42.7
51.2
59.8
6o.8
45CCC
55
1.5
2.9
4.4
5.b
7.3
8.7
10,2
10.2
450Cc
NE...
7.
14.2
21.3
28.3
35.4
42.5
49,6
56.7
500CC
CSR
7.0
15.2
24.t
33.9
43.3
52,6
62,0
710
5CC30
TOT
894
16.9
25.4
33,8
4'..3
50.7
59,2
66.3
5 D OGC
55
1.3
2.6
3.9
5.2
6.5
7.9
9,2
9.2
5CJGO
'4Ew
7.i
14.3
21.4
28.b
35.7
42.9
50.0
57.2
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
PROJECTED CSR BENEFITS - ADD-ON FORMULA
AGE 62 RETIREMENT
PROJECTED TO 1985 AND DISCOUNTED AT 6.5% TO 1979
REPLACEMENT RATIOS
SALAKY
5
10
15
20
25
30
35
40
$1000.0
CSR
7.0
15.2
24,6
33.9
43,3
52,6
62,0
71,3
1000
00
TOT
10.9
21.8
32,8
43.8
55,0
66.2
77.4
83.9
1
00
55
4,6
9,2
13,9
18.6
23,4
28,3
33,2
33,4
10000
NEW
6.3
12.6
19.0
25.3
31.6
37.9
44.2
50.5
15^;,G
CSR
7.0
15.2
24.6
33.9
43.3
52.6
62.0
71.3
15000
0
1
TOT
10,0
20.1
30.4
40.7
51.1
61.6
72.3
78.9
5
00
0
55
3,7
7.5
11,4
15,4
19,5
23.7
2891
28,3
150
0
NEW
693
12,6
18.9
25.3
31.6
3799
44,2
50,5
2-~0CC
00
CSP
7.0
15.2
24.6
33.9
430
52.6
62,0
71.3
2
00
2
^
TOT
9.5
19.0
28,5
38.0
47,5
57.0
66.6
73,0
GC:
QC
55
3.2
6.3
9,5
12.7
15.9
1991
22,4
22,5
20000
NEW
693
12.6
18.9
25.3
31.6
37.9
44.2
50.5
25000
2500
CSR
7.0
15.2
24,6
33.9
43,3
52.6
62.0
71.3
0
25
;C
TOT
8.9
1799
26,8
3597
44.6
53.6
62.5
68,9
C
~,
55
2.6
5.2
7.8
10.4
13.1
15.7
1893
16.3
25000
NEW
6.3
12,6
16.9
25.3
31.6
37.9
44,2
5095
30000
CSR
7.0
15.2
24,6
3399
43,3
5296
62.6
71.3
30000
TOT
894
17,0
25,5
34.0
42,5
5190
59.5
65.8
30000
00
55
2.2
4.4
6.5
8.7
10,9
13.1
15.3
15.3
3
00
NEW
6.3
12.6
18.9
25.3
31,6
37,9
44.2
50,5
35000
5
CSR
7.0
15.2
24,6
33.9
43.3
52.6
62.0
71.3
3
000
C
TOT
8.2
16.4
24,6
32.7
40.9
49.1
57.3
63.6
O
350
3500
55
1.9
3,7
5.6
7.5
9,4
11.2
13.1
13.1
0
NEW
6.3
12.6
18,9
25,3
31,6
37.9
44.2
50.5
40-VOO
4000
CSR
7.0
15.2
24,6
33.9
43.3
52.6
62.0
71.3
0
406
TOT
7.9
15.9
23,9
31.8
39.8
47,7
55.7
62.0
00
4000
55
1.6
3.3
4,9
695
8,2
9.8
11.5
11.5
0
NEW
6.3
12,6
16,9
25.3
31.6
37,9
44.2
50.5
45000
CSR
790
15,2
2496
33.9
43.3
52.6
62.0
71
3
45)CO
TOT
7.7
15,5
23.3
31.1
38,9
46.6
54.4
.
60
7
45000
SS
1.5
2.9
4.4
5.8
7.3
8,7
10
2
.
10
2
45000
NE01
6.3
12,6
1E,9
25.3
3196
37.9
,
44.2
.
50.5
50000
0
C5R
7.0
15.2
24,6
33,9
43,3
52.6
62,0
71.3
5
100
0
TOT
7.6
1592
22,9
30.5
38.1
4598
53.4
59,7
000
5
00
SS
1.3
2.6
399
5.2
6.5
7,9
9,2
9,2
5
00
NEW
6.3
12,6
18,9
2593
31.6
37,9
44.2
50.5
It Approved For Release 2011 /01 /11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
RETIRED AT AGE 65
Approved For Release 2011/01/11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
CIVIL SERVICE RETIREMENT COMPARED TO SOCIAL SECURITY
AUE bS RETIREMENT
PROJECTED TO, 1985 AND OI SCOUNTEO AT b.5yc To 1979
REPLACENL JT RATIOS
F I14AL
SERVICE
SALARY
5
1G
15
20
25
30
35
40
45
$10000
CSR
7.0
15.2
24.6
33.9
43.3
52.6
62,0
71.3
74,9
16000
SS
5.5
11.1
16.9
22.7
28,9
35.2
41.5
41.7
41.8
15000
CSk:
7,6
15.2
24.6
33,9
43.3
52.6
62,0
71.3
74,9
150JO
SS
4.7
9.4
14.3
19.5
24.8
30.3
35.6
35.8
20000
CSk
7.0
15.2
24.6
33,9
43.3
52.6
62,0
71.3
74,9
2000C
5.5
3.5
7.9
11.9
16.0
19.9
24.1
28.1
28.2
28.2
25000
CSk
7.(.,
1592
24.6
33.9
43.3
52.6
6290
71.3
74.9
25060
55
393
6.6
9.9
13.1
16.4
19.8
23,1
23.2
23.2
30CCC
CSk.
7.C
15.2
24.6
33.9
43.3
52.6
62.0
71.3
74.9
3c0cu
55
2.7
5.5
8.2
11.0
13.7
16.5
19.3
19.3
19.3
35000
CSR
7.C
15.2
24.6
33.9
43.3
52.6
62.0
71,3
74,9
35000
55
2.3
4.7
7.1
9.4
11.8
14.1
16,5
1695
16,5
4COnO
CSR
79C?
15.2
24.6
33.9
43.3
52.6
62,0
71.3
74.9
40OGC
SS
2.1
4.1
6.2
8.2
10.3
12.4
14,5
14.5
14.5
45000
CSR
7.0
15.2
24.6
33.9
43.3
52.6
62.0
71.3
74.9
45000
55
i.8
3.7
5.5
7.3
9.2
11.0
12,8
12,9
12.9
50000
C5k
6.9
15.2
24.6
33.9
43.3
52.6
62.0
71.3
74.9
50000
55
1.6
3.3
5.0
6.6
8.3
9.9
11,6
11.6
11.6
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
PkcJECTED CSR BENEFITS - mI rN I h UM ChANGE FORMULA
AGE 65 RET I REMENT
PF';,JECTED TO 1985 AND DISCOUNTED AT 6.596 TO 1979
REPLACEMENT RATIOS
S
FIivAL
ALARY
5
10
15
20
25
30
35
40
45
10000
CSk
7.0
15.2
24.6
33.9
43.3
52.6
62.0
71.3
74.9
1GU00
TUT
9.6
18.9
29.4
40.8
52.5
64.3
76.0
81.7
81.7
160(0
S5
5.5
11.1
16.9
22.7
28.9
35.2
4195
41.7
4198
100-0
NE!j
4.1
7.6
12.5
18.1
23.6
29.1
34.5
40.0
39.9
15000
CSR
7.C
15.2
24.6
3399
43.3
52.6
6290
71.3
74.9
15000
TUT
9.2
17.9
27.9
39.1
50.2
61.5
7207
78.7
78.7
_
15000
55
4.7
9.4
14.3
19.5
24.8
30.3
35.6
35.8
35.9
15000
NEw
4.5
8.5
13.6
1995
25.4
31.2
37.0
42.9
42.9
20000
(Si
7.6
15.2
24.6
33.9
43.3
52.6
62.0
71.3
74.9
20000
TUT
8.7
17.1
26.6
3790
47.5
58.0
6895
74.9
7499
20000
55
3.9
7.9
11.9
16.0
19.9
24.1
28.1
28.2
28.2
200,00
NE.r'
4.8
9.2
14.7
21.1
27.5
330
40,3
46.7
46.7
25000
CSk
7.G
15.2
24.6
33.9
43.3
52.6
62.0
71.3
74.9
25000
TOT
8.4
16.3
5.4
2
35.4
45.5
55.6
65.6
72.4
7294
25000
55
3.3
6.6-
.
9.9
13.1
16.4
19.8
2391
2392
23.2
25060
NEin
5.1
9.6
15.6
22.3
29.1
35.8
42.5
49.2
49.2
30000
CSR
7.0 .
15.2
24.6.
33.9
43.3
52.6
6290
71.3
74.9
30000
TUT
8.0
15.7
24.5
34.3
44.0
53.7
63.5
7095
70.5
30000
SS
2.7
5.5
8.2
11.0
13.7
16.5
19.3
19.3
19.3
30000
NEw
5.3
10.2~
16.3
23.3
-30.3
37.2
44.2
51.2
51.2
35000
CSK
7.0
15.2
24.6
33.9
43.3
52.6
62.0
71.3
74.9
35000
TUT
7.8
15.3
23.9
33.4
42.9
52,4
61.9
69,1
69.1
35000
55
2.3
4.7
7.1
9.4
11.8
14.1
16.5
16.5
16.5
35000
NEW
5.5
10.6
16.8
23.9
31.1
38.3
45,4
52.6
52.6
40000
C5N
796
15.2
24.6
3399
43.3
52.6
62.0
71.3
74.9
40030
TUT
796'-1'590
23.4
32.7
42.1
51.4
60,8
68.1
68.1
40000
55
2.1
4.1
6.2
8.2
10.3
12.4
1495
1495
14.5
40000
NEw
5.6
10.6
17.2
24.5
31.7
39.0
46.3
53.6
53.6
45000
CSk
7.C --
15.2
24.6
'-33.9
43.3
52.6
62.0
71.3
74.9
45000
TUT
7.5
14.7
23.0
32.2
41.4
50.6
59.9
67.3
6793
45000
55
1.8
3.7--
505
7.3
-9.2
11.0
1208
12.9
12.9
45000
NEW
5.7
11.0
17.5
24.9
32.2
39.6
47.0
54.4
54.4
50000
CSR
6.9
15.2
24.6
33.9
43.3
52.6
62.0
71.3
74.9
50000
TUT
7.4
14.5
22.7
31.8
40.9
50.0
59.1
66.6
66.6
50000
55
_1.6
3.3_
5.0
6.6
8.3
9.9
11.6
11.6
11.6
50000
NEw
5.8
11.2
17.7
25.2
32.6
40.1
47.6
55.0
55.0
Approved For Release 2011 /01 /11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
P=2GJFCTED CSR bENEFITS - OFFSET FORMULA
AGE 65 RETIREPIENT
PROJECTED TJ 1935 AND DISCOUNTED AT 6.5% TU 1979
RLPLACEhEf T RATIOS
FI::AL
SERVICE
SALAK'Y
5
1C
15
20
25
30
35
40
45
S10000
CSR
7.0
15.2
24.6
33.9
43.3
52.6
62,0
71.3
74.9
10.0
TOT
10.6
.1.7
32.7
43.6
54.8
66.1
77,4
82.6
82.6
10000
55
5.5
11.1
16.9
22.7
28.9
35.2
41,5
41.7
41.8
1033C
NUN
5.3
10.6
15.8
20.9
26.0
30.9
35,9
40,9
40.9
15COG
CSR
7.;;
15.2
24.6
33,9
43.3
52.6
62.0
71.3
74.9
15000
TOT
10.3
2C.7
31.2
41.9
52.6
63.4
74,1
79./
79,7
150010
55
4.7
9.4
14.3
19.5
24.8
30.3
35.b
35.8
35.9
150O0
NEW
5.7
11.3
16.9
22.3
27.7
33.1
38,4
43.9
43.8
20COO
CSR
7,0
15.2
24.6
33.9
43.3
52.6
62,0
71.3
74,9
20000
TUT
9.9
19.9
29.9
39.9
49.8
59.9
69.9
75.8
75,9
2000CC
55
3.9
7.9
11.9
16.0
19.9
24.1
28,1
28.2
28.2
20100'
ivEw
6.0
12.0
17.9
23.9
29.9
35.8
.41,7
47,7
47,7
25)00
C5R
7.0
15.2
2496
33.9
43.3
52.6
62,0
71.3
74.9
25000
TOT
9.5
1991
28.7
38.3
47.8
57,4
67,0
7.3,3
7393
25;;JG
55
3.3
6.b
9.9
13.1
16.4
19.8
23.1
23,2
23,2
2500C
NEA
6.2
12.0
18.8
25.1
31.4
37.7
43,9
50.2,
50.2
30000
CSk
7,0
15.2
24.6
33.9
43.3
52.6
62.0
71,3
74,9
30000
TOT
9.2
18.5
27.8
37.1
46.3
55.6
64,9
.71.4
71,4
30000
5b
2.7
5.5
8.2
11.0
13.7
16.5
19,3
19.3
19.3
30000
NEw
6.5
13.0
19.6
26.1
32.6
39.1
45,6
52.1
,52.1
35000
CSk
7.0
15.2
2496
33.9
43.3
52.6
62.0
71.3
74.9
350CC
TOT
9.0
16.1
27.1
36.2
45.2
54.3
6303
70.0
70.0
35000
55
2.3
4.7
7.1
9.4
11".8
'14.1
16,5
16.5.,
1=6.5
35000
NEw
6.6
13.4
2091
26.8
33.4
40.1
46.8
53.5
53.5
4,3000
CSR
7.0
1592
24.6
3399
43.3
5296
62,0
71.3
74.9
40000
TOT
8.8
17.8
26.6
35.5
44.4
53.3
62.2
69.0.
69.0
40030
55
2.1
4.1
6.2
8.2
10
12.4
14.5
1495
14.5
40000
NEW
6.6
13.6
2'j.5
27.3
34.1
40.9
47.7
54.5
54.5
45)'_0
CSR
7.';
15.2
24.6
33.9
43.3
52.6
62.0
71.3
74.9
45000
TOT
6.7
17.5
26.3
35.0
43.8
52.5
61.3
68.2
68.2
45000
55
1.8
3.7
5.5
7.3
9.2
11.0
12.8
12.9
12,9
45000
NEw
6.b
13.8
20.8
27.7
34.6
41.5
48,4
55,3
55..3
50000
CSk
6,9
15.2
24.6
33,9
43.3
52.6
62,0
7103
74,9
5C630
TOT
b.0
17.3
25.9
34.0
43.2
51.9
60,6
.67,5,
67.5
500'0
55
1.o
393
5.0
696
893
9.9
11.6
11.6
11.6
50000
NEW
6.9
14.0
21.0
28.0
35.0
42.0
49,0
56.0
56..0
Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
PROJECTtO CSR bENEFITS - STEP RATE FORMULA
AGE 65 RETIREMENT
PRUJLCTEU TO 1985 AND DISCOUNTED AT 695% TO 1979
REPLACEMENT RATIOS
FINAL
SALARY
5
10
15
SERVICE
20
25
30
35
40
45
$10000
CSR
7.0
15.2
2496
33.9
43.3
52.6
62.0
71.3
74.9
10000
TOT
10.9
21.9
33,0
44.2
55.8
6795
79.1
8497
b4,8
10000
55
5.5
11.1
16.9
22.7
28,9
3592
410
41.7
41.8
10000
NEW
5.4
10.8
16.1
21.5
26,9
32.3
370
4390
4390
15000
CSR
790
15,2
24,6
33.9
43,3
52.6
62.0
7193
7499
15)00
TOT
10.6
21.3
3291
4393
54.5
65.9
77.2
8393
83.4
15000
55
40
9.4
14.3
19.5
24.8
30.3
3596
35.8
35.9
15300
NEW
5.9
1199-
17.8
23.8
29.7
35,6
-41.6
4795
4795
2000C
CSN
7.0
15.2
24,6
33,9
43,3
5296
62.0
71,3
74.9
20000
TOT
100
20,7
31,1
41,5
51,9
62.4
7298
79,2
79,3
20000
SS
3.9
7.9
11.9
16.0
19.9
24.1
28.1
28,2
2892
20000
NLw
6.3
12.8
1992
25.5
31,9
3893
44.7
5191
51.1
25 OO
CSR
7.0
15.2
24.6
33.9
4393
52.6
6290
7193
7499
25000
TOT
9.9
19.9
29,8
39.7.
49.7
59.7
69,7
76.4
7694
25000
55
3.3
6.6
9.9
13.1
1694
19.8
23.1
2392
23.2
25000
NEW
6.6
.1393
20.0
26.6
33,3
3999
4696
53.2
53.2
30000
CSk
7.0
15.2
2496
33.9
43.3
5296
62.0
71.3
7499
30000
TOT
9.5
19.1
28,7
38.3
47,9
57.4
6791
7399
73.9
30000
55
2.7
5.5
8.2
11.0
13.7
16.5
19.3
19.3
19.3
30000
NEW
6.8
13.7
2095
27.3
34,1
41.0
47.8
54,6
5496
35000
CSk
7.0
15.2
24.6
33.9
43.3
52.6
62.0
71.3
74.9
35000
TOT
9.2
18.6
27.9
37.2
46,6
55.9
65.2
7202
72.2
35000
55
2.3
4.7
7.1
9.4
11,8
14.1
16,5
16,5
16,5
35000
NEW
6.9
13.9
20.9
27.8
3408
41.7
48.7
55,6
55.6
40000
CSR
7.0
15.2
2496
3399
43.3
52.6
6290
71.3
7499
40000
TOT
9.0
18.2
270
3695
45.6
54.7
6398
70.9
7099
40000
55
2.1
4.1
6.2
8.2
10.3
12.4
14.5
14,5
14.5
40300
NEW
7.0
1491
2192
28.2
3593
42.3
49.4
56.4
56.4
45000
C51t
7.0
15.2
24.6
33.9
43.3
52.6
624
71.3
74,9
45000
TOT
809
17.9
26.9
35.8
44,8
53,8
62,7
69,9
69,9
45000
55
1.8
3.7
5.5
7.3
9.2
11.0
12.8
12.9
12.9
45000
NEW
7.1
14.3
2194
280*5
35.6
42.8
49.9
57,0
57.0
50000
CSFU
6,9
15.2
24.6
33.9
43.3
52.6
62.0
71.3
74.9
50000
TOT
8.8
17.7
26.5
35.4
4492
53.0
61.9
6991
69.1
50000
55
1.6
3.3
5.0
6.6
8.3
9.9
1196
11.6
11.6
50000
NLW
7.1
1494
2196
28.7
3509
43.1
50.3
5795
57.5
Approved For Release 2011/01/11 : CIA-RDP89-00066R000900110031-0
 Approved For Release 2011/01/11: CIA-RDP89-00066R000900110031-0
PROJECTED CSR bENEFIT.S.-..ADD-ON FORMULA .
A(,E 65 RETIREMENT
.PROJECTEri TO.19d5 AND DISCOUNTED AT 6.5% TO 1979
REPLACEMENT RATIOS
FINAL SERVICE
SALARY 5 10 15 20 25 30 35 40 45
510000 CSk 7.0 15.2 24.6 3399 43.3 52.6 62.0 7193 74.9
10000 TOT 11.8 23.7 . _35.8__.48.0 60.4 73.1 85,7 9292 92.3
10000 55 5.5 11.1 16.9 22.7 28.9 35.2 41.5 41,7 41.8
10CGO ivEW 6.3 12.6 19.0 25.3 31.6 37.9 44.2 50.5 5095
15000 CSR 7.C 15.2 24.6 33.9 43.3 _52.6 62.0 71.3 74.9
15000 TOT 11.0 22.0 33.3 44.8 56.4 68.2 79.9 86.3 8694
15000 55 4.7 9.4 14.3 1995 24,8 3093 35.6 3598 35.9
15000 NEW 6.3 12.6 18.9 25.3 3196 3799 44,2 50.5 50.5
20000 CSR 7.0 15.2 24.6 33.9 43.3 52.6 62.0 71.3 7499
23000 _30T 10.2.20.6 _ .30,9 ._41,2. 51.5 ..62.0 72,3 -78.7 78.7
20003 55 3.9 7.9 11.9 16.0 1999 24.1 28.1 28.2 28.2
20000 wE4 6.3 12,6 18.9 25.3 31.6 37.9 44,2 .50.5 50.5
25000 CSR 7.0 15.2 .2496 33.9 4.3.3 _52.6 62,0 71.3 74.9
25000 TOT 996 1992 28.8 38,4 48.0 57.7 67,3 73.7 73.7
25000 _ 55 3.3 .-. 6.6 . 9, 9 ...13.1.._ 16.4 ..1.9..8 23.1 23.2 23.2
25000 NEW 693 12.6 18.9 25.3 3196 3799 4492 50.5 50.5
30000 CSR 7.0 15.2 24.6 3399 43.3 52.6 62,0 7193 74.9
...30000 TOT 9.0 18.1 27,2 36.3 45.3 54.4 63.5 69.8 69.8
30000 55 297 5.5 8.2 11.0 13.7 16.5 1993 19.3 1993
30000 JEW .693 _12.6. 18.9.. 25.3. _31,6 ... 37.9. .44.2 ..50.5. 50,5
35000 CSR 7.0 15.2 24.6 33.9 ..43.3 52.6 .62.0 71.3 74.9
35000 TOT 6,6 17.4 26.0 34.7 43.4 52.0 6097 6701 67.1
35000 55 20 4.7 7.1 9.4 .11.8 14.1 16.5 1695 16.5
35000 NEW 6.3 12.6 18.9 25.3 31.6 37.9 44.2 5095 5095
40000 CSk 7.0 15.2 24.6 33.9 43.3 52.6 62,0 7193 74.9
40000 TOT .8.3 16o b 25.1.33.5 .- .41,9 _ 50* 3 58.7 65.0 65,0
40000 55 2.1 491 6.2 8.2 10.3 12.4 1495 14.5 1495
40000 NEW _6,3 _ -12.6 18.9 __25.3 . -31..6 ._ .37..9_. 44.2 ..50,5 50,5
45000, CSR 7-,0 15.2 24.6_ .33.9__-43.3 .52,6 _62,0 71.3 7499
45000 TOT 891 1693 24.4 32.6 40.8 48.9 57,1 63.4 63.4
45000 .55 . 1.8 _. 3.7 _5.5 - .7.3 __ 9.2 .11.0. .12.8 ._12.9 .. 12.9
45000 NEW 60 12.6 18.9 25.3 31.6 3799 44.2 5095 50.5
50000 CSR 6.9 15.2 24.6 33.9 43.3 52.6 62.0 71.3 74.9
-.__.50000 .JOT __7,m9 1599 23o9_31.0- _39.8 _ 47,8._..55.8 ._ 62.1 _ 62.1
50000 55 1.6 3.3 5.0 6.6 8.3 9.9 11.6 11.6 11.6
--__50000 ._ .NEW_. __.6.3 _.12.6. _ 18.9 25,3_ _31.b.._-3 7,9.-4.4..2.__.30.5 _ 50.5
Approved For Release 2011/01/11: CIA-RDP89-00066 R000900110031-0