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As Amended through October
16, 1996
The Board of Trustees ("Board")
of the Dallas Police and Fire Pension System ("System")
is responsible for the administration of the plans
established pursuant to Article 6243a-1 of the Revised
Civil Statutes of Texas ("Article 6243a-1"),
as well as the "Supplemental Pension Plan" established
by the City of Dallas by Ordinance (collectively,
the "Plans"). The principle responsibilities
of the Board, as fiduciaries of the Plans, are as
follows:
| 1. |
Invest the assets of the Plans
in accordance with their terms, the Texas Government
Code, and to the extent applicable, the Texas
Trust Code; |
| 2. |
Authorize the award and disbursement
of benefits under the terms of the Plans; |
| 3. |
Hear claims for benefits relating
to the Plans; |
| 4. |
Litigate claims relating to
the Plans; |
| 5. |
Oversee the communication
of benefits to members and beneficiaries of the
Plans; |
| 6. |
Preserve the financial integrity
of the Plans by way of audits, actuarial reports,
and other evaluations as the Board may deem appropriate; |
| 7. |
Provide for the safekeeping
of the assets of the Plans; |
| 8. |
Obtain the assistance of professional
consultants and experts to the extent the Board
deems appropriate; |
| 9. |
Authorize the disbursement
of assets of the Plans for the payment of administrative
and professional costs and expenses; and |
| 10. |
Ensure that the Plans are
in compliance with applicable state and federal
laws. |
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