D.C. Code § 47-3602
Regulations.
The Mayor shall promulgate regulations which enable employees to participate in a voluntary tax-sheltered income deferment program which meets the requirements of § 457 of the Internal Revenue Code of 1954 , and the regulations and interpretations thereunder. The regulations shall include, but not be limited to:
# (1)
Provision for the receipt of the compensation deferred and for the use of such funds in accordance with any investment election permitted employees participating in the employee deferred compensation program;
# (2)
Provision for a contract agreement between the Mayor and any employee who desires to defer compensation under the employee deferred compensation program;
# (3)
Provision for and limitations on the types of instruments, securities, accounts or other items in which compensation deferred under the employee deferred compensation program may be invested; and
# (4)
Rules to implement the Deferred Compensation Program Enrollment Amendment Act of 2018 [(Law 22-102)] within 180 days of [June 5, 2018].
Source: official DC Code section page (code.dccouncil.gov)
In this chapter (4 sections)
- 47-3601 · Authorized; treatment of benefits; employee eligibility;…
- 47-3602 · Regulations.
- 47-3603 · Contracts for services.
- 47-3604 · Annual report.