Page:United States Statutes at Large Volume 93.djvu/899

 PUBLIC LAW 96-122—NOV. 17, 1979 Sec. Sec. Sec. Sec. Sec. Sec. Sec.

182. Liability for breach of fiduciary duty. 183. Exculpatory provisions; insurance. 184, Prohibition against certain persons holding certain positions. 185. Bonding. 186. Limitation on actions. 187. Civil enforcement. 188. Claims procedure. TITLE n-CHANGES IN RETIREMENT BENEFITS PART A—POUCE OFFICERS AND FIRE FIGHTERS' RETIREMENT BENEFITS

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201. Salary base period for computation of annuity. 202. Creditable service for full-time officials of employee organizations. 203. Requirements for optional retirement. 204. Disability retirement. 205. Recovery from disability. 206. Survivors' annuities. 207. Deferred annuities. 208. Interest on refunds and on deposits for prior service credit. 209. Cost-of-living adjustments of annuities. 210. Authority to waive collection of overpayments. 211. Commencing date of payment of annuities. 212. Payment of annuities to minors and mental incompetents. 213. Improvements in administration of disability retirements. 214. Restriction on retired police officers and fire fighters receiving annuity while employed by the District of Columbia government. PART B—TEACHERS' AND JUDGES' RETIREMENT BENEFITS

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251. Cost-of-living adjustments of teachers' annuities. 252. Cost-of-living adjustments of judges' annuities. 253. Interest on teachers' refunds and deposits. 254. Interest on judges' redeposits. 255. Restoration of teachers' annuities in the event of predeceased beneficiaries. Sec. 256. Termination of teachers' disability annuities based on outside earned income. Sec. 257. Restriction on retired teachers receiving annuity while employed by the District of Columbia government.

TITLE I—FINANCING OF RETIREMENT BENEFITS PART A—FINDINGS AND PURPOSE; DEFINITIONS FINDINGS AND PURPOSE

SEC. 101. (a) The Congress finds that the retirement benefits authorized by various Acts of Congress for the police officers, fire fighters, teachers, and judges of the District of Columbia have not been financed on an actuarially sound basis. Neither Federal payments to the District nor District of Columbia appropriations have taken into account the long-term financial requirements of the District's retirement programs. As a result, the annual budget cost to the District of Columbia for annuities and refunds of deductions is growing at a rapid rate and, in the case of the retirement program for police officers and fire fighters, is predicted to exceed the cost of salaries for active police officers and fire fighters by the year 2000. (b) It is the puipose of this title— (1) to establish separate retirement Funds for police officers and fire fighters, for teachers, and for judges of the District of Columbia; (2) to establish a Retirement Board with responsibility for managing these Funds; (3) to rejiuire that these Funds be managed on an actuarially sound basis in order to provide proper financing for the benefits

93 STAT. 867

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