District's Workforce: Annual Report Required by the District of Columbia Retirement Reform Act.
GENERAL ACCOUNTING OFFICE WASHINGTON DC GENERAL GOVERNMENT DIV
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Mr. Lowman, an enrolled actuary, was engaged by the District of Columbia Retirement Board to 1 determine the 1990 disability retirement rate for District police officers and firefighters hired before February 15, 1980 2 determine if that rate exceeded eight-tenths of 1 percentage point and 3 prepare the annual report required by the act. Subsection 145a of the act, as amended, established a trigger mechanism for determining whether the annual federal payment of 34,170,000 to the District of Columbia Police Officers and Fire Fighters Retirement Fundauthorized under subsection 144a1 of the act is to be reduced. The Comptroller General is required by the act to make this determination each year on the basis of a review of the disability retirement rate computed by the enrolled actuary. We have reviewed the actuarys report and other relevant data and concluded that no reduction is required in the fiscal year 1992 federal payment to the Districts police and firefighters retirement fund.
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