# D.C. Code § 38-2001.02: Annuity — Deposit in United States Treasury

> District of Columbia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_DC_T38_C20_S38-2001.02

## Section

- **Citation:** D.C. Code § 38-2001.02
- **Heading:** Annuity — Deposit in United States Treasury
- **Jurisdiction:** District of Columbia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** DC Code / Title 38 / Chapter 20 / § 38-2001.02

## Text

The amount so deducted and withheld from the annual salary of every teacher shall be deposited in the Treasury of the United States and shall be credited, together with interest at 4% per annum, compounded annually, to an individual account of the teacher from whose salary the deduction is made, which account shall be kept by the Auditor of the District of Columbia. The fund thus created shall be held and invested by the Treasurer of the United States until paid out as hereinafter provided, and the income derived from such investments shall constitute a part of said fund for the purpose of carrying out the provisions of this subchapter.

## Nearby sections

- [D.C. Code § 38-2001.01 § 38-2001.01. Annuity — Salary deductions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T38_C20_S38-2001.01.md)
- [D.C. Code § 38-2001.02 § 38-2001.02. Annuity — Deposit in United States Treasury.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T38_C20_S38-2001.02.md)
- [D.C. Code § 38-2001.03 § 38-2001.03. Retirement age; continuous employment requirements.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T38_C20_S38-2001.03.md)
- [D.C. Code § 38-2001.04 § 38-2001.04. Disability retirement; requirements.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T38_C20_S38-2001.04.md)
- [D.C. Code § 38-2001.05 § 38-2001.05. Annuity allowance.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T38_C20_S38-2001.05.md)
- [D.C. Code § 38-2001.06 § 38-2001.06. Minimum-service credit in cases of disability retirement.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T38_C20_S38-2001.06.md)
- [D.C. Code § 38-2001.07 § 38-2001.07. Appropriations for annuity; reserves; interest.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T38_C20_S38-2001.07.md)
- [D.C. Code § 38-2001.08 § 38-2001.08. Credit for service outside District.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T38_C20_S38-2001.08.md)
- [D.C. Code § 38-2001.09 § 38-2001.09. Refund on leaving service; reinstatement.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T38_C20_S38-2001.09.md)
- [D.C. Code § 38-2001.10 § 38-2001.10. Death of teacher — Designation of beneficiary.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T38_C20_S38-2001.10.md)
- [D.C. Code § 38-2001.10a § 38-2001.10a. Death of teacher — Precedence of payments.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T38_C20_S38-2001.10a.md)
- [D.C. Code § 38-2001.11 § 38-2001.11. Consent to deductions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T38_C20_S38-2001.11.md)
- [D.C. Code § 38-2001.12 § 38-2001.12. Discharge of teachers.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T38_C20_S38-2001.12.md)
- [D.C. Code § 38-2001.13 § 38-2001.13. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T38_C20_S38-2001.13.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DC_T38_C20_S38-2001.02. Check the current official text before relying on it. Not legal advice.