TABLE 64.-District of Columbia teachers' retirement and annuity fund, June 30, 1960 [This fund was established in accordance with the provisions of the act of Aug. 7, 1946 (31 D.C.C. 702, 707, 772), as successor to the District of Columbia teachers' retirement fund established under the act of Jan. 15, 1920, as amended, effecting the consolidation of the deductions fund and the Government reserve fund as of July 1, 1945] I. RECEIPTS AND EXPENDITURES (EXCLUDING INVESTMENT TRANSACTIONS) TABLE 65.-District of Columbia other funds—Investments as of June 30, 1959 and 1960 [These investments were made in accordance with provisions contained in appropriation acts for the District of Columbia] TABLE 65.-District of Columbia other funds—Investments as of June 30, 1959 and 1960 Continued 1 Investment of these funds was made directly through the facilities of the District of Columbia with the exception of $19,000 of 25%% Treasury bonds of 1965 and $15,500 of 4% Treasury bonds of 1980 which were handled by the Treasury Department. TABLE 66.-Employees' life insurance fund, Civil Service Commission, June 30, 1960 [On basis of reports from the Civil Service Commission. This trust revolving fund was established in accordance with the provisions of the act of August 17, 1954, as amended (5 U.S.C. 2094 (c))] I. RECEIPTS AND EXPENDITURES (EXCLUDING INVESTMENT TRANSACTIONS) TABLE 66-Employees' life insurance fund, Civil Service Commission, June 30, 1960-Continued 1 As provided in the act (5 U.S.C. 2094(a)), “* there shall be withheld from each salary payment of such employee, not to exceed the rate of 25 cents biweekly for each $1,000 of his group life insurance ***": and in 5 U.S.C. 2094 (b) "**there shall be contributed from the respective appropriation or fund・・ not to exceed one-half the amount withheld from the employee 2 Includes Series F and J bonds at current redemption value. Amount for the fiscal year 1960 is accrued increment. Premium payments in excess of the $100 million contingency reserve set by the Civil Service Commission, which are required to be returned to the fund by the insuring companies (5 U.S.C. 2097(d). Return of premium payments in excess of annual claims paid, expenses, and other costs. To pay administrative expenses incurred by the Commission in carrying out the Federal Empoyees' Health Benefits Act of 1959; reimbursement with interest is to be made from the employees' health benefits fund (5 U.S.C. 3008(a)). Includes the difference between cost and face value of investments amounting to -$1,957,920.10. |