Page:United States Statutes at Large Volume 93.djvu/949

 PUBLIC LAW 96-122—NOV. 17, 1979

93 STAT. 917

rise forming the basis for a cost-of-living annuity increase under section 21(b) of such Act of August 7, 1946, as in effect immediately D.C. Code 31-739a. before the amendment of such section by paragraph (1). (b) Section 21(c) of the Act entitled "An Act for the retirement of public-school teachers in the District of Columbia", approved August 7, 1946 (D.C. Code, sec. 31-739a(c)), is amended— (1) by striking out "governed by the commencing date of each annuity payable from the fund as of the effective date of an increase" and inserting in lieu thereof "as provided in subsection (b)(2)"; and (2) by striking out "from the fund" in paragraph (1) of such section. (c) The amendments made by subsections (a) and (b) shall take Effective date, effect at the end of the ninety-day period beginning on the date of the enactment of this Act. COST-OF-LIVING ADJUSTMENTS OF JUDGES ANNUITIES

SEC. 252. (a) Section ll-1571(a) of title 11 of the District of Columbia Code is amended by inserting ", or who, before the next such increase first becomes payable under such section, receives such salary or annuity, either" immediately after "salary or annuity". (b) The amendment made by subsection (a) shall take effect at the Effective date. end of the ninety-day period beginning on the date of the enactment of this Act. INTEREST ON TEACHERS REFUNDS AND DEPOSITS

SEC. 253. (a)(1) The first section of the Act entitled "An Act for the retirement of public-school teachers in the District of Columbia", approved August 7, 1946 (D.C. Code, sec. 31-721), is amended— (A) in the first paragraph by inserting "or the end of the 90-day period beginning on the date of the enactment of the District of Columbia Retirement Reform Act, whichever is earlier" immedi- Ante, p. 866. ately before the period at the end of the proviso in the second sentence; and (B) in the second paragraph— (i) in the first sentence— (I) by striking out "at 3 per centum per annum compounded as of December 31 of each year" and inserting in lieu thereof "computed in accordance with section 24(a) of this Act" and Post, p. 918. (II) by striking out "an interest rate of 3 per centum per annum compounded annually" and inserting in lieu thereof "the interest rate computed in accordance with section 24(a) of this Act''; and (ii) in the second sentence, by inserting "to the date of such death or separation or the end of the 90-day period beginning on the date of enactment of the District of Columbia Retirement Reform Act, whichever is earlier" immediately after "are made". (2) Section lA(b) of such Act (D.C. Code, sec. 31-721a(b)) is amended by striking out "with interest at 4 per centum compounded annually" in the first sentence and inserting in lieu thereof ", with interest computed in accordance with section 24(b) of this Act,". (3) Section 8 of such Act (D.C. Code, sec. 31-728) is amended in the first paragraph— (A) in the second proviso in the sixth sentence—

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