District of Columbia Retirement Reform Act

[AI summary unavailable — showing source text] District of Columbia Retirement Reform Act - Title I: Financing of Retirement Benefits - Establishes the District of Columbia Retirement Board to exercise exclusive authority to manage and control the funds established by this Act. Details provisions relating to the Board's composition, the election and terms of office of Board members, the procedures to be followed by the Board, and the financing of the Board's operators. Establishes the District of Columbia Policemen and Firemen's Retirement Fund into which shall be deposited: (1) amounts withheld from the salaries of, and deposited by, members of the Metropolitan Police, the Fire Department of the District of Columbia, the United States Park Police, the Executive Protective Service, and the United States Secret Service, pursuant to the Policemen and Firemen's Retirement and Disability Act, (2) amounts appropriated to the Fund pursuant to this Act, and (3) amounts made as return on investment of the assets of the Fund. Establishes the District of Columbia Teachers' Retirement Fund into which shall be deposited: (1) amounts withheld from the salaries of, and amounts deposited by, each teacher in the public schools of the District …