46
PUBLIC LAW 85-46-JUNE 4, 1957
[71
ST AT,
Public Law 85-46 June 4, 1957 [H. R. 6454]
D. C, p u b l i c school teachers. Retirement.
Deductions. 66 Stat. 17. D. C. C o d e 31721.
Voluntary retirement. D. C. C o d e 31723.
I n voluntary retirements
Disability. D. C. C o d e 31724. Annuity computation. D. C. C o d e 31725.
AN ACT To amend the Act for the retirement of public-school teachers in the District of Columbia, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Act entitled "An Act for the retirement of public school teachers in the District of Columbia", approved August 7, 1946 (60 Stat. 875, chapter 779), as amended, is amended as follows: Section 1, as amended, is amended by striking the first sentence thereof and inserting in lieu thereof "Beginning on the first day of the second month following the enactment of this Act, there shall be deducted and withheld from the annual salary of each teacher in the public schools of the District of Columbia an amount equal to 6^4 per centum of the teacher's annual salary." and by inserting the following immediately before the period at the end of the second sentence: ": Provided, That such interest shall not be credited after December 81, 1956, except that in the case of a teacher separated before he has completed five years of teaching service interest shall be credited to the date of separation". Section 3, as amended, is amended by striking from subsection (a) thereof the word "fifteen" and inserting in lieu thereof the word "five"; by striking from subsection (b) thereof the word "one-fourth" and inserting in lieu thereof the word "one-twelfth"; by striking from the last sentence of subsection (c) thereof the word "ten" and inserting in lieu thereof the word "five"; by adding at the end of the section, the following paragraph: " (d) Any teacher who completes twenty-five years of service or who attains the age of fifty years and completes twenty years of service shall upon involuntary separation from the service not by removal for cause on charges of misconduct or delinquency, be paid a reduced annuity computed as provided in section 5(a) of this Act reduced by one-twelfth of 1 per centum for each full month not in excess of sixty and by one-sixth of 1 per centum for each full month in excess of sixty such teacher is under the age of sixty years at date of separation." Section 4, as amended, is amended by striking from the first sentence thereof the word "ten" and inserting in lieu thereof the word "five". Section 5, as amended, is amended by striking the first sentence of subsection (a) thereof and inserting in lieu thereof, "Except as otherwise provided in this Act, every teacher who shall be retired under the provisions of section 3 or section 4 of this Act shall receive an annuity composed of (1) the larger of (A) 11/2 per centum of the average salary as defined in section 13 of this Act, multiplied by so much of the total service as does not exceed five years, or (B) 1 per centum of the average salary, plus $25, multiplied by so much of the total service as does not exceed five years, plus (2) the larger of (A) 1% per centum of the average salary multiplied by so much of the total service as exceeds five years but does not exceed ten years, or (B) 1 per centum of the average salary, plus $25, multiplied by so much of the total service as exceeds five years but does not exceed ten years, plus (3) the larger of (A) 2 per centum of the average salary multiplied by so much of the total service as exceeds ten years, or (B) 1 per centum of the average salary, plus $25, multiplied by so much of the total service as exceeds ten years"; by striking the second sentence of paragraph (1) of subsection (b) thereof and inserting in lieu thereof, "The life annuity of the teacher making such election,
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