Investment Policy Statement of Purpose
The District of Columbia Retirement Board (DCRB) investment policy statement outlines the investment philosophy and practices. It formalizes DCRB's investment objectives and policies, and it serves as the governing document for the management of 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 Funds). Finally, it defines the duties and responsibilities of the individuals and entities involved in the investment process. The assets of the Funds 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 Funds. Therefore, the Board must adopt a long-term plan by which the assets of the Funds will be managed prudently to ensure the level of assets adequately covers the accumulated liabilities.
Separate Documents Related to the Policy
The following documents are incorporated by reference into this Investment Policy:
