(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.)
Prior Codifications1981 Ed., § 1-782.2.
Editor's NotesApplication of Law 12-152: See Historical and Statutory Notes following § 1-901.01.