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B-118638 1 (1974-04-10)

handle is hein.gao/gaobabkwi0001 and id is 1 raw text is: COMPTROUL.ER GENERAL OF THE UNITED STATES WASHINGTON. D.C. 205.48 B-1 18638 APR 10 1974 Z1ESTmCTrgZE:D - Not to be released outside the General Accouti~ g Office except on the basis of specific approva Ly th e 1fice of C o ngress ooula Relat ios , The Honorable Thomas M. Rees House of Representatives RELEASED 0 0-1 Dear Mr. Rees: Your January 21, 1974, letter requested us to verify or analyze the data in the District of Columbia's November 19, 1973, report to you on the District's Police and Firemen Retirement and Relief System. Because considerable time would be required to verify or analyze all the data, it was agreed that we would limit our review to the items included in our March 4, 1974, letter to you. Also, we would not review each item in detail. The data was generally accurate, and the actuarial assump- tions and calculations useu, projecting the cost of the retire- ment system were reasonable. Our comments on these and other areas reviewed are presented in the order listed in our March 4 letter. BACKGROUND The District's police and firemen retirement and relief fund was established by the act of September 1, 1916 (39 Stat. 718). This act provided optional (longevity) and disability retirement benefits to District police and firemen, and later acts added the U.S. Park Police, White House police, and Secret Service person- nel who protect the President. The 1916 act created the Police and Firemen's Retiring and Relief Board, composed of the corporation counsel and one member from the police and fire departments. The Board was to make the determinations on retirement benefits for police and firemen and relief benefits for their survivors. The act stated that the Board of Police and Fire Surgeons had to certify in writing to the retirement board that members applying for disability retire- ment benefits were disabled. The act authorized the Commissioners of the District Government to change the composition of the re- tirement board from time to time at their discretion. $ q&_4 f 0q0303

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