Pub. L. 93-407, tit. III, sec. 301

Pub. L. 93-407, tit. III, sec. 301

EnactedYear: 1974Length: 406 wordsOfficial source
Sec. 301. Section 5 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) is amended by adding at the end thereof the following: “(e) (1) Notwithstanding any other provision of this Act, other than this subsection, the monthly rate of annuity payable under this section shall not be less than the smallest primary insurance amount, including any cost-of-living increase added to that amount, authorized to be paid from time to time under title II of the Social Security Act. “(2) Notwithstanding any other provision of this Act, other than this subsection, the monthly rate of annuity payable under this section to a surviving child shall not be less than the smallest primary insurance amount, including any cost-of-living increase added to that amount, authorized to be paid from time to time under title II of the Social Security Act, or three times such primary insurance amount divided by the number of surviving children entitled to an annuity, whichever is the lesser. “(3) The provisions of this subsection shall not apply to an annuitant or to a survivor who is or becomes entitled to receive from the United States, or the District of Columbia, an annuity or retired pay under any other civilian or military retirement system, benefits under title II of the Social Security Act, a pension, veterans’ compensation, or any other periodic payment of a similar nature, when the monthly rate thereof is equal to or greater than the smallest primary insurance amount, including any cost-of-living increase added to that amount, authorized to be paid from time to time under title II of the Social Security Act. “(4) An annuity payable from the teachers’ retirement and annuity fund to a former teacher, which is based on a separation occurring prior to October 20, 1969, is increased by $240. “(5) In lieu of any increase based on an increase under paragraph (4) of this subsection, an annuity payable from the teachers’ retirement and annuity fund to the surviving spouse of a teacher or annuitant, which is based on a separation occurring prior to October 20, 1969, shall be increased by $132. “(6) The monthly rate of an annuity resulting from an increase under paragraph (4) or (5) shall be considered as the monthly rate of annuity payable under subsection (a) for purposes of computing the minimum annuity under subsection (e).”.
Pub. L. 93-407, tit. III, sec. 301 | Justis AI