1. (a)

   1. (1) There is established a fund to be known as the District of Columbia Teachers’ Retirement Fund into which shall be deposited the following, which shall constitute the assets of the Fund:

      1. (A) Any amount paid to the Custodian of Retirement Funds pursuant to § 38-2021.01 et seq., or under § 38-2061.02;
      2. (B) Any asset transferred to such Fund under subsection (b) of this section;
      3. (C) Any amount appropriated for such Fund under subchapter III of this chapter; and
      4. (D) Any return on investment of assets of such Fund.
   2. (2) Annuities and other retirement and disability benefits (including refunds and lump-sum payments) payable from the District of Columbia Teachers’ Retirement and Annuity Fund established by § 38-2021.02 shall continue to be paid from such Fund until all amounts in such Fund have been expended or transferred under subsection (b) of this section to the District of Columbia Teachers’ Retirement Fund, and thereafter such benefits shall be paid from the District of Columbia Teachers’ Retirement Fund.
2. (b) Notwithstanding any other provision of law, any asset held in the District of Columbia Teachers’ Retirement and Annuity Fund established by § 38-2021.02 may be transferred to the District of Columbia Teachers’ Retirement Fund established by subsection (a) of this section.

History

Nov. 17, 1979, 93 Stat. 866, Pub. L. 96-122, § 123(a), (c)

Emergency Legislation

For temporary repeal of the Police Officers’, Fire Fighters’, and Teachers’ Defined Benefit Pension Program Emergency Establishment Act of 1996 (D.C. Act 11-369, August 21, 1996, 41 DCR 4637), see § 5 of the New Hires Police Officers, Fire Fighters, and Teachers Pension Modification Congressional Adjournment Emergency Amendment Act of 1997 (D.C. Act 12-10, March 3, 1997, 44 DCR 1633).

Section 5 of D.C. Law 11-218 repealed D.C. Act 11-369.

Prior Codifications

1973 Ed., § 1-1813.

1981 Ed., § 1-713.

Section References

This section is referenced in § 1-702, § 1-752, § 1-901.02, § 38-2021.01, § 38-2021.05, § 38-2021.09, § 38-2021.17, § 38-2023.04, § 38-2023.13, § 38-2023.14, and § 38-2061.02.

Cross References

Teachers’ Retirement Fund, restoration of terminated survivor benefits, repayment of liquidated annuity, see §§ 38-2021.05 and 38-2021.09.

Teachers’ Retirement Fund, records, accounts and reporting, see § 38-2021.14.

Teachers’ Retirement Fund, payment of annuities, see § 38-2023.04.

Teachers’ Retirement Fund, assignment, garnishment or attachment of funds, see § 38-2021.17.

Teachers’ Retirement Fund, application of annuity increases, see § 38-2023.13.

Teachers’ Retirement Fund, allowable creditable service, deposits required by fund members, see § 38-2061.02.

Retirement of public school teachers, purchase or reestablishment of annuity, computation of interest, see § 38-2023.14.

Police Officers, Fire Fighters, and Teachers Retirement Benefit Replacement Plan, “teachers’ retirement fund” defined, see § 1-901.02.