Annual Report Required by the District of Columbia Retirement Reform Act
GGD-94-64: Published: Mar 31, 1994. Publicly Released: Mar 31, 1994.
- Full Report:
Pursuant to a legislative requirement, GAO commented on the computed disability retirement rate for District of Columbia police officers and fire fighters.
GAO found that: (1) 15 police officers and 1 fire fighter hired before February 15, 1980 retired on disability in 1993; (2) the enrolled actuary determined that the disability retirement rate should be 0.737 percent; (3) the rate determination complied, in all material respects, with the legislative requirements; and (4) no reduction is required in the fiscal year 1995 federal payment to the Police Officers and Fire Fighters' Retirement Fund.