Page:United States Statutes at Large Volume 93.djvu/953

 PUBLIC LAW 96-122—NOV. 17, 1979 "(i) for so much of any such period which occurs between the end of the 90-day period beginning on the date of the enactment of the District of Columbia Retirement Reform Act and October 1, 1980, the average rate of interest on interest-bearing obligations of the United States forming a part of the public debt (adjusted to the nearest one-eighth of 1 per centum) shall be used in determining the interest rate to be paid on deposits; "(ii) for so much of any such period which occurs between January 1, 1948, and the end of the 90-day period beginning on the date of the enactment of the District of Columbia Retirement Reform Act, the rate of 3 per centum a year, compounded annually, shall be used in determining the interest rate to be paid on deposits; and "(iii) for so much of any such period which occurs prior to January 1, 1948, the rate of 4 per centum a year, compounded annually, shall be used in determining the interest rate to be paid on deposits. "(B) Interest shall be payable for the period beginning on the first day of the first month which begins after the end of the service period with respect to which the deposit is made and ending on the last day of the month which precedes the month during which the deposit is made. "(C) If a judge elects to make his deposit in installments, each payment shall include interest on that portion of the refund which is then being redeposited. Interest may not be charged for a period of separation from the service which began before October 31, 1956."; and (3) in section ll-1567(b), by striking out "at 4 per centum per annum to December 31, 1947, and 3 per centum per annum thereafter, compounded on December 31 of each year" and inserting in lieu thereof "computed in accordance with section ll-1564(d)(2)". (c) The amendments made by this section shall take effect at the end of the ninety-day period beginning on the date of the enactment of this Act.

93 STAT. 921

Ante, p. 866.

D.c. Code 11-1567.

Effective date,

RESTORATION OF TEACHERS ANNUITIES IN THE EVENT OF PREDECEASED BENEFICIARIES

SEC. 255. (a) Section 5(b) 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, 31-725(b)), is amended by adding at the end thereof the following new paragraph: "(4) In the event an individual designated as a surviving widow or widower or as a survivor annuitant under this subsection predeceases the teacher designating such individual, the annuity of such teacher shall, effective the day after the death of such individual, be the amount it would have been if no such beneficiary had been named.". (b) The amendment made by subsection (a) shall take effect on Effective date. October 1, 1978, or at the end of the ninety-day period beginning on the date of the enactment of this Act, whichever is later. TERMINATION OF TEACHERS' DISABILITY ANNUITIES BASED ON OUTSIDE EARNED INCOME

SEC. 256. Section 4 of the Act entitled "An Act for retirement of public-school teachers in the District of Columbia", approved August

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