Every teacher who shall be retired under the provisions of § 38-2001.03 or § 38-2001.04 shall receive during the remainder of his life a combined annuity composed of:
(1) An annuity equal to 1% of his average annual salary received during the 10 years immediately preceding retirement for each year of his whole term of service after June 30, 1926;
(2) A sum equal to 1% of his average annual salary received during the 10 years immediately preceding retirement for each year of his whole term of service prior to July 1, 1926, but not to exceed 40 years; and
(3) An additional sum of $15 for each year of said service, but in neither case to exceed 40 years, such annuity to be fixed at the nearest multiple of 12 cents and to be payable monthly and to cease and determine at his death.
(Jan. 15, 1920, 41 Stat. 388, ch. 39, § 5; June 11, 1926, 44 Stat. 728, ch. 556, § 1.)
1981 Ed., § 31-1205.
1973 Ed., § 31-705.
This section is referenced in § 38-2001.06 and § 38-2001.07.
Structure District of Columbia Code
Title 38 - Educational Institutions
Chapter 20 - Retirement of Public School Teachers
Subchapter I - Retirement Before June 30, 1946
§ 38–2001.01. Annuity — Salary deductions
§ 38–2001.02. Annuity — Deposit in United States Treasury
§ 38–2001.03. Retirement age; continuous employment requirements
§ 38–2001.04. Disability retirement; requirements
§ 38–2001.05. Annuity allowance
§ 38–2001.06. Minimum-service credit in cases of disability retirement
§ 38–2001.07. Appropriations for annuity; reserves; interest
§ 38–2001.08. Credit for service outside District
§ 38–2001.09. Refund on leaving service; reinstatement
§ 38–2001.10. Death of teacher — Designation of beneficiary
§ 38–2001.10a. Death of teacher — Precedence of payments
§ 38–2001.11. Consent to deductions
§ 38–2001.12. Discharge of teachers
§ 38–2001.14. Records to be kept by Mayor
§ 38–2001.16. Rules and regulations
§ 38–2001.17. Funds not subject to assignment, execution or levy
§ 38–2001.18. Application of subchapter — Annuities from other governments
§ 38–2001.19. Application of subchapter — Annuities under prior act