Page:United States Statutes at Large Volume 60 Part 1.djvu/907

 PUBLIC LAWS-CH. 779-AUG. 7, 194i Limitation. Election of deferred annuity. Refunds. Deposit of amount withdrawn. Beneficiariee. Death before re- tirement. Consent to deduc- timea. after the date of honorable discharge from the military service: And provided further,That nothing contained herein shall be construed to allow any teacher more than one year's credit for all services rendered in any one fiscal year. SEc. 9. Should any teacher to whom this Act applies, after having served in the public schools of the District of Columbia for a total period of not less than ten years and before becoming eligible for retirement, become separated from the service, such teacher may elect to receive a deferred annuity beginning at the age of sixty-two years computed as provided in section 5 of this Act: Provied, That any teacher who becomes separated from the public schools of the District of Columbia for other than retirement purposes and who does not elect to receive a deferred annuity as provided for in this section, shall receive as soon as practicable after separation the refund of deductions, deposits, or redeposits with interest thereon, or any voluntary contri- butions made under the provisions of section 1 of this Act, with interest: Providedfurther, That no teacher who shall withdraw the amount of his deductions, deposits, or redeposits under this section shall, after reinstatement, be entitled to credit for previous service unless he shall deposit in the fund the amount so withdrawn by him: And provided further, That the amount required to be so deposited may be paid by the teacher, if he so elects, in any number of monthly installments, not exceeding one hundred, with interest at 3 per centum compounded annually. SEC. 10. Any teacher from whose salary retirement deductions are made in accordance with this Act may designate in writing a benefi- eiary or beneficiaries to whom the amount of his deductions, together with interest then credited thereon, shall be payable, as hereinafter provided, in the event of the death of the teacher before or after retirement. In the event any teacher shall die before retirement the total amount of his deductions with interest thereon shall be paid, upon the establishment of a valid claim therefor, provided the claim be filed with the Auditor of the District of Columbia within three years after the death of such teacher, to the beneficiary or beneficiaries, if a beneficiary or beneficiaries be designated in writing by the teacher and recorded on his individual account, or, if there be no such beneficiary or beneficiaries designated, then to the duly appointed executor or administrator of the estate of the teacher or, if the amount payable be less than $1,000 and no executor or administrator is appointed, to such person or persons as the Auditor, in his judg- ment, may determine is or are legally entitled thereto. On the death of a retired teacher who elected to receive a reduced annuity with death benefits, the amount payable, if any, shall be determined according to the terms of the option so elected, and such amount shall be paid upon the establishment of a valid claim there- for, provided the claim be filed with the Auditor of the District of Columbia within three years after the death of such teacher, to the beneficiary or beneficiaries, if a beneficiary or beneficiaries be designated in writing by the teacher and recorded on his individual account, or, if there be no such beneficiary or beneficiaries designated, then to the duly appointed executor or administrator of the estate of the teacher, or, if the amount payable be less than $1,000 and no executor or administrator is appointed, to such person or persons as the Auditor, in his judgment, may determine is or are legally entitled thereto. SEC. 11. That every teacher who shall continue in the service of the public schools of the District of Columbia after the passage of this Act, as well as every person who hereafter may be appointed to a 880 [60 STAT.

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