Volume 86
Public Law 92–281
To authorize the Commissioner of the District of Columbia to enter into agreements with teachers anti other employees of the Board of Education of the District of Columbia for the purchase of annuity contracts.
Approved April 26, 1972
Statutory text
AN ACT
To authorize the Commissioner of the District of Columbia to enter into agreements with teachers anti other employees of the Board of Education of the District of Columbia for the purchase of annuity contracts.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That
notwithstanding
D.C. teachers Tax-sheltered annuity program.
the provisions of section 1 of the District of Columbia Teachers’ Salary Act of 1955 (D.C. Code, sec. 31–1501), and of any other law, or regulation affecting the salary of teachers or school officers employed in the service of the public schools of the District of Columbia, the Commissioner of the District of Columbia (hereinafter referred to as the “Commissioner”) is authorized to enter into an agreement with a teacher or school officer to reduce the salary of that teacher or school officer by an amount requested by that teacher or school officer, and to contribute that amount for the purchase of an annuity contract described in section 403(b) of the Internal Revenue Code of 1954 (relating to the taxability of beneficiaries of annuity
plans) for that teacher or school official.
The reduction in salary effected under an agreement authorized by this Act shall not be considered in computing the salary for any teacher or school officer for any other purpose including, but not limited to, the determination of benefits or contributions under chapters 81 (relating to workmen’s compensation) and 87 (relating to life insurance) of title 5 of the United States Code.
Regulations.
Sec. 2.
The Commissioner shall prescribe such regulations as he deems necessary to carry out the purposes of this Act.
Sec. 3.
For the purposes of this Act, the term “teacher or school
“Teacher or school officer.”
officer” includes all teachers, school officers, and other employees of the Board of Education of the District of Columbia who receive compensation according to the salary schedules under section 1 of the District of Columbia Teachers’ Salary Act of 1955, and to whom the provisions of the Act entitled “An Act for the retirement of public school teachers in the District of Columbia”, approved August 7, 1946 (D.C. Code, see. 31–721 et seq.) are applicable.
Effective date.
Sec. 4.
This Act shall apply with respect to any pay period of any teacher or school officer beginning on or after the one hundred and eightieth day after the date of enactment of this Act.
Approved April 26, 1972.