These are difficult times for all of us. One thing we do not want you to worry about is the continuing monthly payment of your benefits.
The financial markets have been very volatile recently and they may continue that way for some time. But DPFP invests for the long-term. We have an incredibly knowledgeable Board of Trustees and Investment Advisory Committee with years of investment experience. Many of them have been through all the market ups and downs starting in the 1970s and 80s and they know how to deal with the roller coaster the market has been experiencing. The Board is assisted by our consultant Meketa who advises many public pension systems both large and small and they too have enormous experience.
Finally, our very able investment staff manages our assets on a day to day basis. They are able to deal with matters as they arise and bring matters to the Board’s attention if changes are necessary.
Our long-term view means we likely won’t make major changes as we fully believe, over time, the markets will correct themselves. Our investment policy is constructed to ensure that we will be in a good position to benefit from such a correction.
Much as you have worked hard to make the City of Dallas a safer place, so to will DPFP work to ensure that your pension is in a safe place.