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B-221498.17, MAY 30, 1986

B-221498.17: May 30, 1986

THE RETIREMENT BOARD REQUESTED OUR VIEW AS TO WHETHER THE FEDERAL RETIREMENT FUND CONTRIBUTION IS SUBJECT TO REDUCTION UNDER THE ACT. THEY ARE NOT SUBJECT TO REDUCTION UNDER THE ACT. THE DISTRICT HAS TAKEN THE POSITION THAT THE FUNDS ARE SUBJECT TO REDUCTION. THE ITEM FOR WATER AND SEWER SERVICES WAS THE ONLY PORTION OF THE ACCOUNT FOR THE FEDERAL PAYMENT FOR THE DISTRICT OF COLUMBIA WHICH DID NOT...

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[Sequestration of District of Columbia Funds Under P.L. 99-177]

B-221498.17: Published: May 30, 1986. Publicly Released: May 30, 1986.

GAO reviewed issues concerning whether the federal retirement fund contribution to the District of Columbia (D.C.) was subject to reduction under the Balanced Budget and Emergency Deficit Act of 1985. The account for the federal payment includes: (1) the payment to the D.C. General Fund; (2) the federal contribution to the D.C.-administered retirement funds; and (3) the payment for water and sewer...

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