1. (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. (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. (2) Any asset transferred to the fund under subsection (b) of this section;
   3. (3) Any amount appropriated by the District government for the fund in accordance with § 1-905.02; and
   4. (4) Any return on investment of assets of the fund.
2. (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.

History

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

Editor's Notes

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

Prior Codifications

1981 Ed., § 1-782.2.