This Investment Policy Statement outlines the District of Columbia Retirement Board’s (DCRB or the Board) investment philosophy and practices. It formalizes the Board’s investment objectives and policies, and it serves as the governing document for the management of the assets of the Funds. Finally, it defines the duties and responsibilities of the individuals and entities involved in the investment process. The assets of the District of Columbia Police Officers and Fire Fighters' Retirement Fund and the District of Columbia Teachers' Retirement Fund (collectively referred to as the Fund) are managed with the primary objective of achieving a net investment return with acceptable risk considerations and sufficient liquidity to maintain the fully funded status of the Fund. Therefore, the Board must adopt a long-term plan by which the assets of the Fund will be managed prudently to ensure the level of assets adequately covers the accumulated liabilities.

You may download the PDF below to access the full version of the DCRB Investment Policy Statement, revised by the Board on May 19, 2022.