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. ‘ . December 18, 1964 - Br. taltear Fo Urholts =e 8 OF See 2 ee 1224 North Hamilton Avenue Chicago, Dlinsia 60645 Dear Mr. 2chultz: Wr. Hoover read ysur luttes of December 12, 1964, in which you enclosed a pews clipping portaining to aa lote:view he head with Lir, Con Uhifaheacd anmews ws ope © anne ee In conection with vou: ingulry, Mr. Hoover asked moto wilte and explain thet in 2..ticniaga tax-free pension | be was reserring to the fact 07.0 cca sl employees, upoa retiring, aia eccuced from poyaz [cc2ral income tax on their anna.t.es until Lice have receive. uc on aa.ouat equal to the contr itaticn tucy mada to the rctt-envat fual while In Government aéarviea. PS oS = Public Law 83-734, suctica § (74 stat. 848), states, Any person who shall retire coi cos aiter serving at least thirty years ag Director of tha Feder] 0 3:c38 Of bwestization shall receive 83 AGacliy curing tie yen..b acca at lis Tile equal to the sala:y payable to him at the tlave ui his retirement.” Since Nr. Eooves’s currant salary is $30,000 a year, having beoa raised {70m 222,000 unter the new law" increasing the sala:ioxs of Vecocal ecyployees, approved ta August of this year, bo would be drawliz a tax-freo peasioa of $450, 00d @ yoar up to the time bls cont: iouticns lo te retirement fand were exhausted, —_—, ‘amcarely youra, 1 - Chicago - Enclosures (2) 1 -Mr, CeLoach (Cent with cover meno) 2- Mr. Callahan (Sent with clon ie Gandy cover memo) Seerelary Attention: SA John P. Dunphy and ldr. Maurice F. Row # eye met TL SRS utente oo ee me ro gwmmpyay cE error veronys-