The District of Columbia Retirement Board (the "Board"). pursuant to the authority set forth in § 121(e) of the District of Columbia Retirement Reform Act (the "Reform Act"), Pub. L. 96-122, 93 Stat. 866, November 17, 1979 (codified at D.C. Official Code § 1-711 (e) (20 II Repl.)), hereby gives notice of its intent to adopt the following proposed investment rule under chapter 19 of title 7 of the District of Columbia Municipal Regulations (DCMR) in not less than thirty (30) days from the date of publication of this notice in the D.C. Register.

The proposed rule will adopt a plan assets rule substantially similar to the DOL's plan assets regulation for purposes of defining plan assets for the Funds' investments in commingled funds and determining who is subject to the Reform Act's fiduciary standards. The proposed rule was approved by the Board on October 18, 2012.