D.C. Code § 1-626.05

Current through codified legislation effective September 18, 2024

Section 1-626.05 - District retirement benefits program

The retirement benefits program of the District shall consist of:

(1) A defined benefit plan, as provided in 42 U.S.C. § 301 et seq. ("Social Security Act");

(2) An employee deferred compensation plan pursuant to § 457 of the Internal Revenue Code [ 26 U.S.C. § 457 ] governed by Chapter 36 of Title 47;

(3) A defined contribution plan pursuant to § 401(a) of theInternal Revenue Code [ 26 U.S.C. § 401 ], for employer contributions on behalf of an employee pursuant to § 1-626.09(c); and

(4) A defined contribution plan pursuant to section 401(a) of the Internal Revenue Code, for employer contributions on behalf of an employee pursuant to § 1-626.09(e).

D.C. Code § 1-626.05

Mar. 3, 1979, D.C. Law 2-139, § 2605; as added Oct. 1, 1987, D.C. Law 7-27, § 2(g), 34 DCR 5079; Apr. 30, 1988, D.C. Law 7-104, § 10(b), 35 DCR 147; July 3, 2018, D.C. Law 22-124, § 101(a), 65 DCR 5091.

Applicability

Section 301 of D.C. Law 22-124 provided that the changes made to this section by D.C. Law 22-124 shall apply as of October 1, 2017.