A bill to provide for payment of the pension and other retirement benefits for policemen, firemen, judges, and teachers of the District of Columbia for fiscal year 1977 and to provide for a study to determine the amount of the District of Columbia unfunded pension obligations and to identify actuarially sound methods to finance such obligations for future years.

Summary

Authorizes the appropriation of $65,000,000 for fiscal year 1977 to pay the unfunded obligations of the District of Columbia for annuities and other retirement benefits of the following individuals, their survivors, and other beneficiaries: (1) specified members and former members of the metropolitan Police Force; (2) specified members and former members of the Fire Department of the District of Columbia; (3) specified judges and former judges; and (4) specified teachers and former teachers. Requires a study to be conducted by a person selected jointly by designated officials to determine the amount of such obligations which will be incurred during fiscal year 1978 and thereafter, to suggest methods of financing those obligations, and to determine whether any changes are needed in existing retirement programs.

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• Introduced in House

  summary · EN · 25 February 1976

  Open at official source

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