§ 1-626.05. District retirement benefits program.

Current through October 23, 2012

The retirement benefits program of the District shall consist of:

(1) A defined benefit plan, as provided in 42 U.S.C. § 301 et seq. ("Social Security Act");

(2) An employee deferred compensation plan pursuant to § 457 of the Internal Revenue Code governed by Chapter 36 of Title 47; and

(3) A defined contribution plan pursuant to § 401(a) of the Internal Revenue Code.

                
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(Mar. 3, 1979, D.C. Law 2-139, § 2605, as added Oct. 1, 1987, D.C. Law 7- 27, § 2(g), 34 DCR 5079; Apr. 30, 1988, D.C. Law 7-104, § 10(b), 35 DCR 147.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 1-627.5.

Legislative History of Laws

For legislative history of D.C. Law 7-27, see Historical and Statutory Notes following § 1-621.02.

For legislative history of D.C. Law 7-104, see Historical and Statutory Notes following § 1-604.08.

References in Text

Section 457 of the Internal Revenue Code, referred to in paragraph (2), is classified as 26 U.S.C. § 457.

Section 401(a) of the Internal Revenue Code, referred to in paragraph (3), is classified as 26 U.S.C. § 401(a).

Miscellaneous Notes

Establishment of Pension Benefit Committee: See Mayor's Order 89-235, October 5, 1989.