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Current as of January 01, 2024 | Updated by FindLaw Staff
(a) In general. -- Amounts in the D.C. Federal Pension Fund shall be used:
(1) To make Federal benefit payments under this chapter;
(2) Subject to subsection (b) of this section, to cover the reasonable and necessary administrative expenses incurred by any person in administering the D.C. Federal Pension Fund and carrying out this subchapter;
(3) For the accumulation of funds in order to finance obligations of the Federal Government for future benefits; and
(4) For such other purposes as are specified in this chapter.
(b) Budgeting, certification, and approval of administrative expenses. -- The administrative expenses of the D.C. Federal Pension Fund shall be paid in accordance with an annual budget set forth by the Pension Fund Trustee which shall be subject to certification and approval by the Secretary.
Cite this article: FindLaw.com - District of Columbia Code Division I. Government of District. § 1-817.02. Uses of amounts in fund. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-i-government-of-district/dc-code-sect-1-817-02/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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