Pub. L. 87-881, tit. II, sec. 201

Sec. 201. (a) The annuity of each person who, on the effective date of this section, is receiving or entitled to receive an annuity from the District of Columbia teachers’ retirement and annuity fund shall be increased by 5 per centum of the amount of such annuity. (b) The annuity of each person who receives or is entitled to receive an annuity from the District of Columbia teachers’ retirement and annuity fund commencing during the period which begins on the day following the effective date of this section and ends five years after such date, shall be increased in accordance with the following table: If the annuity commences between— The annuity shall be increased by— January 2, 1963, and December 31, 1963 4 per centum. January 1, 1964, and December 31, 1964 3 per centum. January 1, 1965, and December 31, 1965 2 per centum. January 1, 1966, and December 31, 1966 1 per centum. (c) In lieu of any other increase provided by this section, the annuity of a survivor of a retired employee who received an increase under this section shall be increased by a percentage equal to the percentage by which the annuity of such employee was so increased. 76 Stat. 1236 (d) No increase provided by this section shall be computed on any additional annuity purchased at retirement by voluntary contributions. (e) The limitation contained in the next to the last sentence of section 5(c)(1) of the Act entitled “An Act for the retirement of public-school teachers in the District of Columbia”, approved August 7, 1946 (60 Stat. 875), as amended, as enacted by the Act of July 2, 1956 (70 Stat. 487), shall not be effective on and after the effective date of this section. (f) The increases provided by this section shall take effect on the effective date of this section, except that any increase under subsection (b) or (c) shall take effect on the beginning date of the annuity. (g) The monthly installment of annuity after adjustment under this section shall be fixed at the nearest dollar.