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JOHN EDGAR HOOVER ” - . Federal Breas of Inhestigation f oe WRE:RL M.S. Bepartment of Justice Baslingion, B. €. June 17, 19366 MELCORAMDUL FOR UR. TOLSON RE: RETIRELENTe In accordance with your suggestion, I am submitting — x herewith certein inforration concerning retirement payments which would be made by the Director and benefits which would .. --.—-— accrue te hin in evert no back payments for previous service were mades In the event the retirement legislation is approved by the President and becomes effective durinz this year, and if retirezent deductions are nade fram the Director ‘e salary until he reacnes the retirement age of 62 years, there will heave been deducted an amount of $7,550. Interest compounded annually would amount te approximately #4,000. There would be an amount to the Director's credit of approxirately $11,000. talline into consideration the £1.00 a month. - deductions from the amounts paid which are held in a retirement fund. Considering that these are the only payments made by the Director, his annuity after retirement would be approximately $1,550. If he elected to accept a preferred annuity, he would receive an amourt ef epproximately ¢1,75C. per ammum. If the Director elects to make back payments from the effective dete of the Retirement Act, August 1, 1920, there will be paynents He .— amounting to £5,066.55. It is my recommendation that back may be not made by the Director. be Respectfull ; Rar rok but recat y : Cart ela acca ania}