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 governed by Chapter 36 of Title 47; and
(3) A defined contribution plan pursuant to § 401(a) of the Internal Revenue Code.
CREDIT(S)
(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.)
HISTORICAL AND STATUTORY NOTES
Prior Codifications
1981 Ed., § 1-627.5.
Legislative History of Laws
For legislative history of D.C. Law 7-27, see Historical and Statutory Notes following § 1-621.02.
For legislative history of D.C. Law 7-104, see Historical and Statutory Notes following § 1-604.08.
References in Text
Section 457 of the Internal Revenue Code, referred to in paragraph (2), is classified as 26 U.S.C. § 457.
Section 401(a) of the Internal Revenue Code, referred to in paragraph (3), is classified as 26 U.S.C. § 401(a).
Miscellaneous Notes
Establishment of Pension Benefit Committee: See Mayor's Order 89-235, October 5, 1989.