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§ 1–903.02. Retirement fund for teachers.

DC Code § 1–903.02 (2019) (N/A)
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(a) The Teachers’ Retirement Fund shall continue in existence and shall be the fund into which the following deposits shall be made, which shall constitute the assets of the fund:

(1) Any employee contribution amount paid to the Retirement Board pursuant to subchapter II of Chapter 20 of Title 38, or pursuant to § 38-2061.02;

(2) Any asset transferred to the fund under subsection (b) of this section;

(3) Any amount appropriated by the District government for the fund in accordance with § 1-905.02; and

(4) Any return on investment of assets of the fund.

(b) After June 30, 1997, annuities and other retirement and disability benefits (including refunds and lump-sum payments) for the benefits of covered teachers shall become assets of the fund.

(Sept. 18, 1998, D.C. Law 12-152, § 112, 45 DCR 4045.)

1981 Ed., § 1-782.2.

Application of Law 12-152: See Historical and Statutory Notes following § 1-901.01.

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§ 1–903.01. Retirement fund for police officers and fire fighters.
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§ 1–903.03. Management of the Funds.