Page:United States Statutes at Large Volume 118.djvu/3998

 118 STAT. 3968 PUBLIC LAW 108–489—DEC. 23, 2004 the amortization schedules used for determining the annual amortization amount for payments into the Federal Supple- mental Fund under section 11053 (as in effect prior to the enactment of this chapter). ‘‘(b) ADMINISTRATIVE EXPENSES.—During each fiscal year (beginning with fiscal year 2009), the Secretary shall pay into the D.C. Federal Pension Fund from the general fund of the Treasury the amounts necessary to pay the reasonable and nec- essary administrative expenses described in section 11082(a)(2) for the year. ‘‘SEC. 11085. ADMINISTRATION THROUGH PENSION FUND TRUSTEE. ‘‘(a) IN GENERAL.—The Secretary shall select a Pension Fund Trustee to carry out the responsibilities and duties specified in this subtitle in accordance with the contract described in subsection (b). ‘‘(b) CONTRACT.—The Secretary shall enter into a contract with the Pension Fund Trustee to provide for the auditing of D.C. Federal Pension Fund assets, the making of Federal benefit payments under this subtitle from the D.C. Federal Pension Fund, and such other matters as the Secretary deems appropriate. The Secretary shall enforce the provisions of the contract and otherwise monitor the administration of the D.C. Federal Pension Fund. ‘‘(c) SUBCONTRACTS.—Notwithstanding any provision of a Dis- trict Retirement Program or any other law, rule, or regulation, the Pension Fund Trustee may, with the approval of the Secretary, enter into one or more subcontracts with the District Government or any person to provide services to the Pension Fund Trustee in connection with its performance of the contract. The Pension Fund Trustee shall monitor the performance of any such subcontract and enforce its provisions. ‘‘(d) DETERMINATION BY THE SECRETARY.—Notwithstanding sub- section (b) or any other provision of this subtitle, the Secretary may determine, with respect to any function otherwise to be per- formed by the Pension Fund Trustee, that in the interest of economy and efficiency such function shall be performed by the Secretary rather than the Pension Fund Trustee. ‘‘(e) REPORTS.—The Pension Fund Trustee shall report to the Secretary, in a form and manner and at such intervals as the Secretary may prescribe, on any matters under the responsibility of the Pension Fund Trustee as the Secretary may prescribe. ‘‘SEC. 11086. APPLICABILITY OF OTHER PROVISIONS TO D.C. FEDERAL PENSION FUND. ‘‘The following provisions of this subtitle shall apply with respect to the D.C. Federal Pension Fund in the same manner as such provisions applied with respect to the Trust Fund prior to October 1, 2004: ‘‘(1) Section 11023(b) (relating to the repayment by the District Government of costs attributable to errors or omissions in transferred records). ‘‘(2) Section 11034 (relating to the treatment of the Trust Fund under certain laws). ‘‘(3) Section 11061 (relating to annual valuations and reports by the enrolled actuary), except that in applying section 11061(b) to the D.C. Federal Pension Fund, the annual report required under such section shall include a determination of Effective date. VerDate 11-MAY-2000 13:54 Nov 10, 2005 Jkt 029194 PO 00000 Frm 00502 Fmt 6580 Sfmt 6581 C:\STATUTES\2004\29194PT4.001 APPS10 PsN: 29194PT4

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