Page:United States Statutes at Large Volume 81.djvu/782

 748 Annuity computation. 66 Stat. 17.

Survivor benefits, commencement and termination.

60 Stat. 876. D.C. Code 31722.

Transfer of retirement funds. 60 Stat. 879. D.C. Code 31632 to 31-637.

Deferred annuity. 60 Stat. 880; 71 Stat. 47.

Supra.

PUBLIC LAW 90-231-DEC. 29, 1967

181 STAT.

(4) Section 5 of such Act (D.C. Code, sec. 81-725) is amended— (A) by amending the second sentence of subsection (a) to read as follows: "Each annuity is stated as an annual amount, onetAvelfth of which, fixed at the nearest dollar, constitutes the monthly rate payable on the first business day of the month after the month or other period for which it has accrued."; (B) by striking out the last sentence of paragraph (1) of subsection (b) and inserting in lieu thereof the following new sentence: "The annuity of such widow or widower shall begin on the day after the retired teacher dies. Such annuity and any right thereto shall terminate on the last day of the month before (A) the widow or widower dies, or (B) the widow or widower remarries before becoming sixty years of age. In the case of a surviving w4dow or widower whose annuity under this paragraph is terminated because of remarriage before becoming sixty years of age, annuity at the same rate shall be restored commencing on the day the remarriage is dissolved by death, annulment, or divorce, if— "(i) the surviving widow or widower elects to receive the annuity which was terminated instead of a survivor benefit to which the surviving widow or widower may be entitled, under this Act or another retirement system for employees of the Federal or District Government, by reason of the remarriage; and "(ii) any lump sum paid on termination of the annuity is returned to the teachers' retirement and annuity fund established under section 2 of this Act."; and (C) by striking out in the first sentence of paragraph (2) of subsection (b) "and upon the death of such survivor annuitant all payments shall cease and no further annuity shall be due and payable" and by adding after such sentence the following new sentence: "The annuity of the survivor annuitant shall commence on the day after the retired teacher dies, and such annuity and any right thereto shall terminate on the last day of the month before the death of the survivor annuitant." (5) The second sentence of the first paragraph of section 8 of such Act (D.C. Code, sec. 31-728) is amended by striking out "Act of June 12, 1940 (54 Stat. 349): Provided further'' and all that follows down through "nothing contained herein shall be construed" in the last proviso in that sentence and inserting in lieu thereof "Act of June 12, 1940 (54 Stat. 349). If the teacher so elects he may deposit the required sum in the teacher's retirement and annuity fund in monthly installments with interest at 3 per centum per annum compounded annually, upon making a claim with the Commissioner of the District of Columbia, or his designated agent. This section shall not be construed". (6) Section 9 of such Act (D.C. Code, sec. 31-729) is amended— (A) hj striking out in subsection (a) "after having served in the public schools of the District of Columbia for a total period of not less than five years" and inserting in lieu thereof "after completing five years of eligible service"; (B) by striking out in subsection (a) "beginning at the age of sixty-two ^ears computed as provided in section 5 of this Act" and inserting in lieu thereof ", computed as provided in section 5 of this Act, beginning at the age of sixty-two years and terminating on the date of his death"; (C) by striking out in paragraph (1) of subsection (b) "after having rendered at least five years of service in the public schools

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