District of Columbia § 38-2021.02 Retirement and Annuity Fund; income from investments; separate accounts.

District of Columbia Statutes

§ 38-2021.02 — Retirement and Annuity Fund; income from investments; separate accounts.

District of Columbia § 38-2021.02

JurisdictionDistrict of Columbia

Title 38Educational Institutions.

Ch. 20Retirement of Public School Teachers.

Subch. IIRetirement After June 30, 1946.

Part AGeneral.

This text of District of Columbia § 38-2021.02 (Retirement and Annuity Fund; income from investments; separate accounts.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 38-2021.02 (2026).

Text

Until the end of the 90-day period beginning on November 17, 1979, the amounts so deducted and withheld from the annual salary of every teacher, and the amounts of additional voluntary deposits, shall be deposited in the Treasury of the United States to the credit of the Teachers’ Retirement and Annuity Fund. As of July 1, 1946, there shall be transferred and credited to such fund the balances of funds held for the retirement of teachers under the provisions of §§ 38-2001.02 and 38-2001.07 . The fund thus created shall be held and invested by the Secretary of the Treasury until paid out as hereinafter provided, and the income derived from such investment shall constitute a part of said fund for the purpose of carrying out the provisions of this part, and for payment of administrative expen

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Until the end of the 90-day period beginning on November 17, 1979, the amounts so deducted and withheld from the annual salary of every teacher, and the amounts of additional voluntary deposits, shall be deposited in the Treasury of the United States to the credit of the Teachers’ Retirement and Annuity Fund. As of July 1, 1946, there shall be transferred and credited to such fund the balances of funds held for the retirement of teachers under the provisions of §§ 38-2001.02 and 38-2001.07 . The fund thus created shall be held and invested by the Secretary of the Treasury until paid out as hereinafter provided, and the income derived from such investment shall constitute a part of said fund for the purpose of carrying out the provisions of this part, and for payment of administrative expenses incurred by the Mayor of the District of Columbia in placing in effect each annuity adjustment granted under § 38-2023.14 . Separate accounts shall be maintained by the Treasury with respect to:

(1) The regular operations of the retirement system, exclusive of those incident to the voluntary deposits; and

(2) The voluntary deposits and the supplementary annuities and refunds resulting from such deposits.

Legislative History

Aug. 7, 1946, 60 Stat. 876, ch. 779, § 2; July 5, 1966, 80 Stat. 267, Pub. L. 89-494, § 2; Nov. 17, 1979, 93 Stat. 866, Pub. L. 96-122, § 123(b)(1)(B)