D.C. Code § 1-626.01

Current through codified legislation effective April 20, 2024

Section 1-626.01 - Policy

(a) It is the purpose of this subchapter to establish a financially sound and equitable program of employee retirement benefits. With respect to retirement systems, the Council recognizes that existing programs, including the program administered by the federal government, are not now financed on an actuarially sound basis. Furthermore, the rights and benefits conferred by these systems and the financial implications for participation by employees vary significantly among systems.

(b) The responsibility for creating an actuarially sound financial plan for existing retirement systems cannot and should not be borne solely by the District government. The Council therefore fully endorses the proposition that the federal government must assist the District government in establishing and maintain the necessary financial base for all existing retirement systems.

Mar. 3, 1979, D.C. Law 2-139, § 2601, 25 DCR 5740.

Retirement incentive program by Board of Education: For authorization for the Board of Education to establish a temporary retirement incentive program and contained provisions regarding participation in the program, see subchapter III of Chapter 20 of Title 38, § 38-2041.01 et seq.

Section 2 of D.C. Law 13-222 provided:

"(a) Notwithstanding sections 2(b)(9) and 3(b)(9) of the Retirement Incentive Emergency Act of 2000 and the Retirement Incentive Temporary Act of 2000 ( ~Retirement Incentive Acts'), a former employee who received an incentive payment under the Easy Out or Early Out Programs in sections 2 and 3 of the Retirement Incentive Acts may be retained as a personal services contractor within 5 years from the date of retirement, if the former employee:

"(1) Possesses a valid commercial drivers' license or motor vehicle operator's license;

"(2) Is retained by the Department of Public Works as a motor vehicle operator in the snow and ice control program for the winter of 2000-2001; and

"(3) Is deemed critical by the Mayor to the snow and ice control program.

"(b) The Mayor shall transmit a report to the Council indicating the qualified applicants for the positions."

Section 4(b) of D.C. Law 13-222 provided that the act shall expire after 225 days of its having taken effect.