66 S T A T. ]
Columbia, as prescribed by the Board of P^ducation. No person shall be eligible to receive an annuity under this subsection and an annuity under subsection (b) of section 9 of this Act based upon the service of the same teacher covering the same period of time. "(3) A reduced annuity of equivalent value providing for a life-insurance benefit payable in a lump sum at the time of the annuitant's death. The face amount of such life insurance may be in any amount which the retiring teacher shall designate at the time of retirement but shall not exceed his contributions accumulated with interest to the date of retirement. Payment of such insurance shall be made in accordance with the provisions of section 10 of this Act. Any annuitant who elects to receive the reduced annuity with fixed life-insurance benefits may reconvert the value of the life insurance to an additional annuity of equivalent value on any anniversary of the retirement date of said annuitant prior to reaching age seventy." SEC. 5. Section 6 of said Act is amended to read as follows: "SEC. 6. That in calculating, as provided in section 5(a), the ainiuity of a teacher retired under the provisions in section 4 of this Act, a minimum credit of twenty years shall be used in determining the sum allowable to a teacher with less than twenty years of service: Provided, That such minimum credit shall not exceed the total number of years of service which the teacher might have served if continuously employed as a teacher in the public schools of the District of Columbia to age sixty-two." SEC. 6. Section 7 of said Act, as amended, is amended by striking therefrom the words "level amount computed to be sufficient to liquidate the unfunded accrued liability within a period of approximately fifty years after the effective date of this Act, and inserting in lieu thereof the words "amount equal to the interest on the unfunded accrued liability". SEC. 7. (a) The first sentence of section 8 of said Act is amended to read as follows: "SEC. 8. The years of service which form the basis for determining the amount of the annuity provided in section 5(a) of this Act shall be computed from the date of original probationary appointment as a teacher in the public schools of the District of Columbia, including so much of any authorized leaves of absence without pay beginning on the effective date of this amendatory Act as does not exceed six months in the aggregate in any fiscal year, plus any service credit that may be allowed under the provisions of this section: Provided., That the total credit granted for leaves of absence without pay shall not exceed one year: Provided fvrther\ That deposits equal to.5 per centum of those portions of salary received between July 1, 1949, and the effective date of this amendatory Act for which service credit was not earned may be made, and service credit received accordingly." (b) The second sentence of section 8 of said Act.is amended by striking so much thereof preceding the first proviso as reads: "; and the first ten-year period to begin on the date of the first probationary appointment as a teacher in the public schools of the District of Columbia." SEC. 8. Section 9 of said Act is amended by renumbering said section "9 (a) " and by adding the following at the end of said section: " (b)(1) I n the event any teacher to whom this Act applies shall die subsequent to the date of enactment of this amendatory Act after having rendered at least five years of service in the public schools of the District of Columbia and is survived by a widow, such widow shall 93300 O - 53
19
PUBLIC LAW 274-MAR. 6, 1952
D, C. Code 31726. Minimum credit. Ante, p. 17.
Restriction.
D. C. Code 31727. Calculation of appropriation.
D. C. Code 31728. Term of service. C omputation.
D. C. Code 31729. Payments to survivors.
�
