Sec. 11042. REPLACEMENT PLAN
197 words·~1 min read·
/statute-compilations/comps-10833/sec-11042A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 11042 REPLACEMENT PLAN ###
(a)Adoption by District Government Not later than one year after the date of the enactment of this subtitle, the District Government shall adopt a replacement plan for pension benefits for covered District employees, effective as of the freeze date. ###
(b)Replacement Plan Imposed If District Government Fails to Adopt Plan If the District Government fails to adopt a replacement plan within the period prescribed in subsection (a), the retirement program applicable to police, firefighters, and teachers under the laws of the District of Columbia in effect as of June 1, 1997 (except as otherwise amended by this Act), including all requirements of the program regarding benefits, contributions, and cost-of-living adjustments, shall be treated as the replacement plan for purposes of this subtitle. ###
(c)No Payment of Amounts Paid as Federal Benefit Payment Notwithstanding any provision of the Reform Act or any other law, rule, or regulation, the District Government is not required to pay any amount under any replacement plan under this subtitle if the amount is paid as a Federal benefit payment under this subtitle. ## CHAPTER 6 FINANCING OF BENEFIT PAYMENTS AFTER DEPLETION OF TRUST FUND