reglab/housing_qa huggingface dataset:
DC Code § 1-821.01 (2021)
2021 District of Columbia Code|Title 1 - Government Organization|Chapter 8 - District of Columbia Retirement Funds|Subchapter XI - Applicability|§ 1-821.01. Transition from District of Columbia administration

Sections 1-805.03 , 1-807.02(b)(2) , 1-807.03(d) , and 1-809.01 shall apply to the administration of the District of Columbia Judges Retirement Fund established under § 1-714, the District of Columbia Judicial Retirement and Survivors Annuity Fund established under § 11-1570, and the retirement program for judges under subchapter III of Chapter 15 of Title 11, except as follows: (1) In applying [each such] section: (A) Any reference to this chapter shall instead refer to subchapter III of Chapter 15 of Title 11; (B) Any reference to the District Retirement Program shall be deemed to include the retirement program for judges under subchapter III of Chapter 15 of Title 11; (C) Any reference to the District Retirement Fund shall be deemed to include the District of Columbia Judges Retirement Fund established under § 1-714; (D) Any reference to federal benefit payments shall be deemed to include judges retirement pay, annuities, refunds, and allowances under subchapter III of Chapter 15 of Title 11; (E) Any reference to the Trust Fund shall instead refer to the District of Columbia Judicial Retirement and Survivors Annuity Fund established under § 11-1570; (F) Any reference to § 1-807.03 shall instead refer to § 1-714; and (G) Any reference to subchapter II shall instead refer to § 11-1570. (2) In applying § 1-805.03: (A) Any reference to the contract shall instead refer to the agreement referred to in § 11-1570(b); and (B) Any reference to the Trustee shall instead refer to the Trustee or contractor referred to in § 11-1570(b). (3) In applying § 1-809.01(d): (A) Any reference to this section shall instead refer to § 1-714; and (B) Any reference to the Trustee shall instead refer to the Secretary or the Trustee or contractor referred to in § 11-1570(b). (4) In applying § 1-765.1(b), any reference to the Trustee shall instead refer to the Trustee or contractor referred to in § 11-1570(b).  (Oct. 21, 1998, 112 Stat. 2419, Pub. L. 105-274, § 2(d)(2); Oct. 21, 1998, 112 Stat. 2681-536, Pub. L. 105-277, § 804(d)(2).)  Prior Codifications 2001 Ed., § 1-819.01. 1981 Ed., § 1-769.21. Effective Dates Section 2(d)(3) of Pub. L. 105-274 and § 804(d)(3) of Pub. L. 105-277 provide that § 11252(c) of Pub. L. 105-33, as amended by §§ 2(d)(1) and (e)(3) of Pub. L. 105-274 and §§ 804(d)(1) and (e)(3) of Pub. L. 105-277, shall take effect on the Dates on which the assets of the District of Columbia Judges Retirement Fund are transferred to the District of Columbia Judicial Retirement and Survivors Annuity Fund.
DC Code § 1-901.01 (2021)
2021 District of Columbia Code|Title 1 - Government Organization|Chapter 9 - Police Officers, Fire Fighters, and Teachers Retirement Benefit Replacement Plan|Subchapter I - Findings and Definitions|§ 1-901.01. Findings and purpose

(a) The Council of the District of Columbia finds the following: (1) When the federal government established separate retirement funds for police officers, fire fighters, and teachers, and established a retirement board with responsibility for managing these retirement funds, it significantly unfunded the liabilities of the retirement funds in an amount totaling approximately $2,600,000,000. (2) The approximate $2,600,000,000 unfunded liability has increased to nearly $4,800,000,000 due primarily to the accumulation of interest on the initial balance, not because of any action taken or any failure to act on the part of the District government or the District of Columbia Retirement Board. (3) Because the unfunded liability is a legal obligation of the District government and exceeds the total General Obligation debt of the District, the presence of the unfunded pension liability has had a significant negative impact on the District’s credit rating. (4) The costs associated with the liability have been a contributing cause to the District’s ongoing financial crisis. (5) Pursuant to the Retirement Protection Act, the federal government will relieve the District government of the responsibility for the unfunded pension liabilities transferred to the District in 1979, and will assume the legal responsibility for payment of retirement benefits accrued by police officers, fire fighters, and teachers prior to July 1, 1997. (6) The Retirement Protection Act requires the establishment by the District government of a replacement plan for the current pension benefits for police officers, fire fighters, and teachers. (b) It is the purpose of this chapter to accomplish the following: (1) Establishment of replacement retirement plans for pension benefits accrued after June 30, 1997, for police officers, fire fighters, and teachers; and (2) Provision for full funding and management on an actuarially sound basis of all retirement funds entrusted to the District government for the benefit of teachers, members and officers of the Metropolitan Police Department, and employees of the Fire and Emergency Medical Services Department.  (Sept. 18, 1998, D.C. Law 12-152, § 101, 45 DCR 4045.)  Prior Codifications 1981 Ed., § 1-781.1. Section References This section is referenced in § 1-610.75, § 5-409.01, § 38-2021.04, and § 38-2021.18. References in Text The “Retirement Protection Act,” referred to in (a)(5) and (6), is subtitle A of Title XI of Pub. L. 105-33, 111 Stat. 715. Editor's Notes Application of Law 12-152: Section 209 of D.C. Law 12-152 provided that the act shall apply as of October 1, 1997. Management and Financing of Retirement Benefits: Title I of D.C. Law 12-152, pertaining to the management and financing of police officers, fire fighters, and teachers retirement benefits, is codified in this chapter as §§ 1-901.01 through 1-909.09.
DC Code § 1-903.01 (2021)
2021 District of Columbia Code|Title 1 - Government Organization|Chapter 9 - Police Officers, Fire Fighters, and Teachers Retirement Benefit Replacement Plan|Subchapter II - Retirement Funds|§ 1-903.01. Retirement fund for police officers and fire fighters

(a) The Police Officers and Fire Fighters’ Retirement Fund shall continue in existence and shall be the fund into which the following deposits shall be made, which shall constitute the assets of the fund: (1) Any employee contribution amount paid after June 30, 1997, to the Retirement Board pursuant to § 5-741 or § 5-704(e)(1) or § 5-706(a), respectively; (2) Any amount appropriated by the District government for the fund in accordance with § 1-905.02; (3) Any return on investment of the assets of the fund; and (4) The amount derived from the $1.275 billion of designated assets provided for pursuant to § 1-807.03. (b) After the 30-day period following October 1, 1997, or after the end of the 30-day period beginning on the date on which funds are first appropriated to the Police Officers and Fire Fighters’ Retirement Fund for Fiscal Year 1998, whichever is later, all payments of annuities and other retirement and disability benefits (including refunds and lump-sum payments) under the Police and Firemen’s Retirement Act shall be made from the Fund (except for any such payment which is made to an officer or member of the United States Park Police force, the United States Secret Service Uniformed Division, or the United States Secret Service, or to a beneficiary of any such officer or member).  (Sept. 18, 1998, D.C. Law 12-152, § 111, 45 DCR 4045.)  Prior Codifications 1981 Ed., § 1-782.1. Editor's Notes Application of Law 12-152: See Historical and Statutory Notes following § 1-901.1.
DC Code § 1-903.02 (2021)
2021 District of Columbia Code|Title 1 - Government Organization|Chapter 9 - Police Officers, Fire Fighters, and Teachers Retirement Benefit Replacement Plan|Subchapter II - Retirement Funds|§ 1-903.02. Retirement fund for teachers

(a) The Teachers’ Retirement Fund shall continue in existence and shall be the fund into which the following deposits shall be made, which shall constitute the assets of the fund: (1) Any employee contribution amount paid to the Retirement Board pursuant to subchapter II of Chapter 20 of Title 38, or pursuant to § 38-2061.02; (2) Any asset transferred to the fund under subsection (b) of this section; (3) Any amount appropriated by the District government for the fund in accordance with § 1-905.02; and (4) Any return on investment of assets of the fund. (b) After June 30, 1997, annuities and other retirement and disability benefits (including refunds and lump-sum payments) for the benefits of covered teachers shall become assets of the fund.  (Sept. 18, 1998, D.C. Law 12-152, § 112, 45 DCR 4045.)  Prior Codifications 1981 Ed., § 1-782.2. Editor's Notes Application of Law 12-152: See Historical and Statutory Notes following § 1-901.01.
DC Code § 1-903.03 (2021)
2021 District of Columbia Code|Title 1 - Government Organization|Chapter 9 - Police Officers, Fire Fighters, and Teachers Retirement Benefit Replacement Plan|Subchapter II - Retirement Funds|§ 1-903.03. Management of the Funds

(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 the Retirement Board, but need not be kept separate from the assets of the separate funds comprising the Funds if the Retirement Board determines that commingling of those assets is advisable for investment purposes. (c) The Retirement Board shall maintain, in an appropriate depository, a cash reserve for the Funds in an amount determined by the Retirement Board to be sufficient to meet current outlays for annuities and other retirement and disability benefits authorized to be paid from the Funds.  (Sept. 18, 1998, D.C. Law 12-152, § 113, 45 DCR 4045.)  Prior Codifications 1981 Ed., § 1-782.3. References in Text The “Retirement Reform Act,” referred to in (a), is the Act of November 17, 1979, 93 Stat. 866, Pub. L. 96-122. Editor's Notes Application of Law 12-152: See Historical and Statutory Notes following § 1-901.01.
DC Code § 1-903.04 (2021)
2021 District of Columbia Code|Title 1 - Government Organization|Chapter 9 - Police Officers, Fire Fighters, and Teachers Retirement Benefit Replacement Plan|Subchapter II - Retirement Funds|§ 1-903.04. Payments from retirement funds

(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 Teachers’ Retirement Fund. The Retirement Board shall make the payments from the appropriate fund. (b) Once authorized pursuant to the appropriation process, the Retirement Board may make payments from the Funds sufficient to cover the cost of the management of the assets and the reasonable and necessary administrative expenses of the Retirement Board, including trustee and staff compensation, and liability insurance.  (Sept. 18, 1998, D.C. Law 12-152, § 114, 45 DCR 4045; Apr. 13, 2005, D.C. Law 15-354, § 4(a), 52 DCR 2638; Apr. 7, 2006, D.C. Law 16-91, § 126, 52 DCR 10637.)  Prior Codifications 1981 Ed., § 1-782.4. Effect of Amendments D.C. Law 15-354, in subsec. (a), substituted “The Retirement Board shall determine the amount of” for “The Mayor shall notify the Retirement Board”. D.C. Law 16-91, in par. (a), validated a previously made technical correction. Editor's Notes Application of Law 12-152: See Historical and Statutory Notes following § 1-901.01.
DC Code § 1-903.05 (2021)
2021 District of Columbia Code|Title 1 - Government Organization|Chapter 9 - Police Officers, Fire Fighters, and Teachers Retirement Benefit Replacement Plan|Subchapter II - Retirement Funds|§ 1-903.05. Interim federal benefit payments

(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 assets of the Funds to make the Federal Benefit Payment obligation created pursuant to § 1-803.01 for benefits accrued by the covered District employees until June 30, 1997. (b) No part of the employee contributions of the covered District employees after June 30, 1997, or the $1.275 billion of designated assets provided for pursuant to § 807.03, may be used to make the Federal Benefit Payment obligation.  (Sept. 18, 1998, D.C. Law 12-152, § 115, 45 DCR 4045.)  Prior Codifications 1981 Ed., § 1-782.5. Section References This section is referenced in § 1-711. Cross References District of Columbia Retirement Board, responsibility for federal benefit payments, see § 1-711. Editor's Notes Application of Law 12-152: See Historical and Statutory Notes following § 1-901.01.
DC Code § 1-905.01 (2021)
2021 District of Columbia Code|Title 1 - Government Organization|Chapter 9 - Police Officers, Fire Fighters, and Teachers Retirement Benefit Replacement Plan|Subchapter III - Establishment of Replacement Retirement and Disability Benefits Plans|§ 1-905.01. Replacement program for covered District employees

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.  (Sept. 18, 1998, D.C. Law 12-152, § 121, 45 DCR 4045.)  Prior Codifications 1981 Ed., § 1-783.1. Section References This section is referenced in § 1-905.03. Editor's Notes Application of Law 12-152: See Historical and Statutory Notes following § 1-901.01.
DC Code § 1-905.02 (2021)
2021 District of Columbia Code|Title 1 - Government Organization|Chapter 9 - Police Officers, Fire Fighters, and Teachers Retirement Benefit Replacement Plan|Subchapter III - Establishment of Replacement Retirement and Disability Benefits Plans|§ 1-905.02. Eligibility and benefits determinations

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 (except as otherwise amended by Title XI of the Balanced Budget Act of 1997, approved August 5, 1997 (P.L. 105-33; 111 Stat. 963)).  (Sept. 18, 1998, D.C. Law 12-152, § 122, 45 DCR 4045.)  Prior Codifications 1981 Ed., § 1-783.2. Section References This section is referenced in § 1-903.01 and § 1-903.02. Editor's Notes Application of Law 12-152: See Historical and Statutory Notes following § 1-901.01.
DC Code § 1-905.03 (2021)
2021 District of Columbia Code|Title 1 - Government Organization|Chapter 9 - Police Officers, Fire Fighters, and Teachers Retirement Benefit Replacement Plan|Subchapter III - Establishment of Replacement Retirement and Disability Benefits Plans|§ 1-905.03. Tax treatment of plan

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 section 401(a) of the Internal Revenue Code , and all benefits provided from the replacement plan shall be deemed governmental plan benefits maintained by the District.  (Sept. 18, 1998, D.C. Law 12-152, § 123, 45 DCR 4045; Oct. 20, 1999, D.C. Law 13-38, § 1002, 46 DCR 6373; May 1, 2013, D.C. Law 19-308, § 2(a), 60 DCR 3386.)  Prior Codifications 1981 Ed., § 1-783.3. Effect of Amendments D.C. Law 13-38 substituted “§ 1-783.1” for “§ 1-783.2”. The 2013 amendment by D.C. Law 19-308 rewrote the section. Emergency Legislation For temporary (90-day) amendment of section, see § 1002 of the Service Improvement and Fiscal Year 2000 Budget Support Emergency Act of 1999 (D.C. Act 13-110, July 28, 1999, 46 DCR 6320). For temporary amendment of section, see § 2(a) of the Police Officers, Fire Fighters, and Teachers Retirement Benefit Replacement Act of 1998 Emergency Amendment Act of 2012 (D.C. Act 19-583, December 22, 2012, 60 DCR 132). For temporary (90 days) amendment of this section, see § 2(a) of the Police, Fire Fighters, Teachers Retirement Benefit Replacement Act of 1998 Congressional Review Emergency Act of 2013 (D.C. Act 20-35, March 19, 2013, 60 DCR 4646, 20 DCSTAT 508). Temporary Legislation Section 2(a) of D.C. Law 19-309 rewrote this section to read as follows: “The replacement plan described in section 121 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 section 401(a) of the Internal Revenue Code, and all benefits provided from the replacement plan shall be deemed governmental plan benefits maintained by the District.” Section 4(b) of D.C. Law 19-309 provided that the act shall expire after 225 days of its having taken effect. Editor's Notes Application of Law 12-152: See Historical and Statutory Notes following § 1-901.01.
DC Code § 1-907.02 (2021)
2021 District of Columbia Code|Title 1 - Government Organization|Chapter 9 - Police Officers, Fire Fighters, and Teachers Retirement Benefit Replacement Plan|Subchapter IV - Financing of Retirement Benefits|§ 1-907.02. District of Columbia payment to the Funds

(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 calculated as provided for in § 1-907.03, as determined by the enrolled actuary, engaged pursuant to § 1-907.03(a). (b) The amount appropriated as the District of Columbia payment shall be deposited in the appropriate separate fund comprising the Funds not more than 30 days after it is appropriated or 30 days after the beginning of the fiscal year for which it is appropriated, whichever is later. (c) At the end of each fiscal year, the District shall provide to the enrolled actuary the actual aggregate amount of earnable compensation (“covered payroll”) paid to each participant group covered by the Retirement Program. The enrolled actuary shall determine whether the amount appropriated for the applicable fiscal year resulted in an overpayment or a shortfall based upon the actual covered payroll. (1) If a shortfall exists, the Mayor and the Council shall include within the ensuing budget cycle a line item that requests funding equal to the full amount of shortfall for the appropriate separate fund comprising the Funds. (2) If an overpayment exists, the Mayor and the Council shall include within the ensuing budget cycle a line item that requests a reduction in the amount appropriated as the District of Columbia payment to the Funds equal to the full amount of the overpayment. (3) Overpayments or shortfall reductions shall be made in addition to, and notwithstanding, any other payment required herein. (d) If at any time the balance of any separate fund comprising the Funds is not sufficient to meet all obligations against the Funds, the Funds shall have claims on the revenues of the District of Columbia to the extent necessary to meet the obligation.  (Sept. 18, 1998, D.C. Law 12-152, § 132, 45 DCR 4045.)  Prior Codifications 1981 Ed., § 1-784.2. Section References This section is referenced in § 1-903.06. Editor's Notes Application of Law 12-152: See Historical and Statutory Notes following § 1-901.01.
DC Code § 1-907.04 (2021)
2021 District of Columbia Code|Title 1 - Government Organization|Chapter 9 - Police Officers, Fire Fighters, and Teachers Retirement Benefit Replacement Plan|Subchapter IV - Financing of Retirement Benefits|§ 1-907.04. Actuarial statement and opinion

(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 participants and the total amount of all other contributions, including the District payment, received for the fiscal year and for each preceding fiscal year for which the information was not previously reported; (3) The number of participants, whether or not retired, and beneficiaries receiving benefits covered as of the last day of the fiscal year; (4) The following information as of the date of the most recent actuarial valuation and, if available and sufficiently comparable so as not to be misleading, for at least the 2 preceding actuarial valuations: (A) The aggregate annual compensation of participants; (B) The actuarial value of assets of each separate fund comprising the Funds; (C) The actuarial accrued liability, if applicable; (D) The difference between the actuarial value of assets of the system and actuarial accrued liability, if applicable; (E) The actuarial value of assets of the system expressed as a percentage of actuarial accrued liability, if applicable; (F) The difference between the actuarial liability expressed as a percentage of the aggregate annual compensation of participants, if applicable; and (G) The actuarial assumptions and methods used in determining the information described in this paragraph and other factors that significantly affect the information described in this paragraph; and (5) Other information necessary to disclose fully and fairly the actuarial condition of the retirement plans. (b)(1) The actuarial report shall also contain an opinion of the enrolled actuary on the actuarial statement attesting that: (A) To the best of the actuary’s knowledge the statement is complete and accurate; (B) Each assumption and method used in preparing the statement is reasonable, and the assumptions and methods in the aggregate are reasonable, taking into account the experience of the retirement system; and (C) The assumptions and methods in combination offer the actuary’s best estimate of anticipated experience. (2) In formulating an opinion, the actuary may rely on the correctness of any accounting matter as to which any qualified public accountant has expressed an opinion, if the actuary so indicates. (c) The actuarial statement and opinion required herein shall be included as part of the annual report required pursuant to § 1-909.02.  (Sept. 18, 1998, D.C. Law 12-152, § 134, 45 DCR 4045.)  Prior Codifications 1981 Ed., § 1-784.4. Section References This section is referenced in § 1-909.02. Editor's Notes Application of Law 12-152: See Historical and Statutory Notes following § 1-901.01.