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The DC Code: § 38-2021.19 Recomputation of annuities.

Index38 Educational Institutions. (Refs & Annos)

The annuities of all teachers retired prior to July 1, 1946, shall be recomputed in accordance with the provisions of § 38-2021.05 within 90 days after August 7, 1946, retroactive to July 1, 1946, and no recomputation shall be made which will reduce the annuity received by any retired teacher; provided, that the average annual salary during any 5 consecutive years, specified in § 38-2021.05, upon which the annuity is based shall be within the last 10 years of allowable service in the public schools of the District of Columbia; provided further, that the increased amount of the annuity resulting therefrom shall be a straight life annuity without any insurance or death benefits of any kind.

Historical and Statutory

Prior Codifications 1981 Ed., § 31-1240. 1973 Ed., § 31-739. DC CODE § 38-2021.19 Current through December 11, 2012

Credits

(Aug. 7, 1946, 60 Stat. 882, ch. 779, § 19.)