# D.C. Code § 38-2001.07: Appropriations for annuity; reserves; interest

> District of Columbia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_DC_T38_C20_S38-2001.07

## Section

- **Citation:** D.C. Code § 38-2001.07
- **Heading:** Appropriations for annuity; reserves; interest
- **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 / § 38-2001.07

## Text

(a) The second and third parts of the annuity provided for by § 38-2001.05 shall be paid by appropriations from the same fund as the current expenses of the District of Columbia were paid on June 11, 1926, or may thereafter be paid.
(b) The reserves created as the result of such annual appropriations shall be held by the Treasurer of the United States separate from the fund created by the contributions of the teachers, and the fund shall be credited with interest at 4% per annum, compounded annually. 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_S38-2001.07. Check the current official text before relying on it. Not legal advice.