Title 1, Government Organization.

(a) The Retirement Board shall be the custodian of the assets of the Funds and shall manage and invest the assets in accordance with the Retirement Reform Act and this chapter. (b) The assets of the Funds shall be kept separate from other monies that may be under the control of t…

(a) The Retirement Board shall determine the amount of any payments for annuities or other retirement or disability benefits (including refunds and lump-sum payments) required to be made from the trust assets of the Police Officers and Fire Fighters’ Retirement Fund or the Teache…

(a) Effective October 1, 1997, until the transfer of the assets required by the Retirement Protection Act is implemented, the Retirement Board shall make disbursements to the District government, or other entity as may be directed by the Secretary of the Treasury, from the trust …

(a) The examination performed by the independent qualified public accountant engaged pursuant to § 1-732(a)(3)(A) shall be conducted in accordance with generally accepted auditing standards and shall involve such tests of the books and records of the Funds and the Retirement Prog…

The replacement plan governing retirement and disability for service and benefits accrued after June 30, 1997, for covered District employees shall be the retirement program in effect for covered District employees as of June 30, 1997.

Eligibility and the calculation of the amount of the benefit payment for covered District employees for service accrued after June 30, 1997, shall be determined in accordance with the retirement program applicable to covered District employees in effect as of June 30, 1997 (excep…

The replacement plan described in § 1-905.01 shall be deemed a “governmental plan” as defined in section 414(d) of the Internal Revenue Code of 1986 , approved October 22, 1986 (100 Stat. 2085; 26 U.S.C. § 1 et seq.) (“Internal Revenue Code”), which is intended to qualify under s…

(a) Except as provided in subsection (c) of this section, the assets of the Funds may not be invested in the following:. (1) Interest-bearing bonds, notes, bills, or certificates of indebtedness of the government of the District of Columbia, the government of the Commonwealth of …

(a) Each fiscal year, the District shall insure that a sufficient amount is appropriated for each separate fund comprising the Funds, as the District of Columbia payment to the appropriate separate fund comprising the Funds, which shall be equal to, or greater than, the amount ca…

(a)(1) When specified in paragraph (2) of this subsection, the Retirement Board shall engage an enrolled actuary, who may be the enrolled actuary engaged pursuant to § 1-732(a)(4)(A), to make the following determinations as of a specified date on the basis of the entry age normal…

(a) As a part of the actuarial report presented to the Retirement Board, the actuary shall prepare an actuarial statement. The statement shall contain: (1) The dates of the fiscal year and the most recent actuarial valuation; (2) The total amount of the contributions made by part…

Upon a request of the Retirement Board, he Mayor, the Chief Financial Officer, the Chairman of the District of Columbia Public Charter School Board, the President of the Board of Education, or their successors, shall furnish to the Retirement Board information with respect to ret…

(a)(1) Effective October 1, 1997, each member of the Retirement Board shall, within 90 days of his election or appointment, as the case may be, and not later than April 30th of each year thereafter, submit, as a member of the Retirement Board, to the Mayor and the Council a perso…

(a) The Retirement Board shall publish an annual report for each fiscal year with respect to each retirement program and separate fund comprising the Funds to which this chapter applies. The report shall be filed with the Mayor and the Council in accordance with subsection (c) of…

(a)(1) The Retirement Board shall furnish to participants and beneficiaries a summary plan description of the Retirement Program for service and benefits accrued after June 30, 1997, pursuant to § 1-909.04(b). The summary plan description shall include the information specified i…

(a) The Retirement Board shall furnish the Mayor and the Council, upon request, any documents relating to the retirement program or the Funds, including trust agreements, contracts, or other instruments under which the Funds are operated. (b) A copy of the summary plan descriptio…

(a) The Retirement Board and the Mayor shall make copies of the summary plan descriptions and annual reports available for public inspection in an appropriate location. (b) The Retirement Board shall make reasonably available to participants for public examination in the Retireme…

(a) The Retirement Board shall furnish to any participant or beneficiary who so requests in writing a statement indicating, on the basis of the latest available information: (1) The total benefits accrued; and (2) The nonforfeitable retirement benefits, if any, that have accrued,…

The Retirement Board shall maintain records on the matters required to be disclosed under this subchapter, which shall provide in sufficient detail the necessary basic information and data from which the required documents may be verified, explained, or clarified, and checked for…

Whoever willfully violates any provision of any section of this subchapter (other than § 1-909.06), or any regulation or order issued under those provisions, shall be fined not more than $5,000, or imprisoned not more than one year, or both, except that for a violation by a perso…

(a)(1)(A) Each fiduciary of a separate fund comprising the Funds established by this chapter and each person who handles funds or other property of the Funds (“Funds Official”) shall be bonded as provided in this section, except that no bond shall be required of a fiduciary (or o…

(a) A civil action may be brought: (1) By a participant or beneficiary: (A) For the relief provided for in subsection (b) of this section; or (B) To recover benefits due to him under the terms of his retirement program, to enforce his rights under the terms of the retirement prog…

For fraud or concealment, an action may be commenced under this chapter not later than 6 years after the date of discovery of a breach or violation. Otherwise, no action may be commenced under this chapter with respect to a fiduciary’s breach of any responsibility, duty, or oblig…

Benefits of the retirement programs provided for in this chapter shall not be assigned or alienated, except to the extent expressly permitted by this chapter or by another applicable law and with respect to a domestic relations order that substantially meets all of the requiremen…

(a) The provisions of this chapter supersede any provisions of other law which are inconsistent with this chapter and the regulations thereunder. (b) Nothing in this chapter shall be deemed to alter or amend in any way the provisions of existing laws relating to the program of an…

(a) Notwithstanding § 1-711(a), the Mayor, the Chief Financial Officer, the District of Columbia Public Charter School Board, and the Board of Education, or their successors, shall continue to discharge their respective duties under the retirement programs until the Retirement Bo…