District Of Columbia § 38-2023.12 - Annuity increase.
Full text of District Of Columbia D.C. Code § 38-2023.12 — Annuity increase., with citation guidance and answers to common questions.
§ 38-2023.12. Annuity increase.
38-2023.12The annuity of each person who, January 1, 1963, is receiving or entitled to receive an annuity from the District of Columbia Teachers’ Retirement and Annuity Fund shall be increased by 5% of the amount of such annuity.
The annuity of each person who receives or is entitled to receive an annuity from the District of Columbia Teachers’ Retirement and Annuity Fund commencing during the period which begins on the day following January 1, 1963 and ends 5 years after such date, shall be increased in accordance with the following table:
The annuity shall
If the annuity commences between be increased by
January 2, 1963, and December 31, 1963 4 per centum.
January 1, 1964, and December 31, 1964 3 per centum.
January 1, 1965, and December 31, 1965 2 per centum.
January 1, 1966, and December 31, 1966 1 per centum.
In lieu of any other increase provided by this section, the annuity of a survivor of a retired employee who received an increase under this section shall be increased by a percentage equal to the percentage by which the annuity of such employee was so increased.
No increase provided by this section shall be computed on any additional annuity purchased at retirement by voluntary contributions.
The limitation contained in the next to the last sentence of (1) shall not be effective on and after January 1, 1963.
The increases provided by this section shall take effect on January 1, 1963, except that any increase under subsection (b) or (c) of this section shall take effect on the beginning date of the annuity.
The monthly installment of annuity after adjustment under this section shall be fixed at the nearest dollar.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 38-2023.12
What does D.C. Code § 38-2023.12 cover?
Section 38-2023.12 ("Annuity increase.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 38-2023.12?
A common citation format is "D.C. Code § 38-2023.12" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 38-2023.12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.