# D.C. Code § 1-903.03: Management of the Funds

> District of Columbia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_DC_T1_C9_S1-903.03

## Section

- **Citation:** D.C. Code § 1-903.03
- **Heading:** Management of the Funds
- **Jurisdiction:** District of Columbia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** DC Code / Title 1 / Chapter 9 / § 1-903.03

## Text

(a) The Retirement Board shall be the custodian of the assets of the Funds and shall manage and invest the assets in accordance with the Retirement Reform Act and this chapter.
(b) The assets of the Funds shall be kept separate from other monies that may be under the control of the Retirement Board, but need not be kept separate from the assets of the separate funds comprising the Funds if the Retirement Board determines that commingling of those assets is advisable for investment purposes.
(c) The Retirement Board shall maintain, in an appropriate depository, a cash reserve for the Funds in an amount determined by the Retirement Board to be sufficient to meet current outlays for annuities and other retirement and disability benefits authorized to be paid from the Funds.

## Nearby sections

- [D.C. Code § 1-901.01 § 1-901.01. Findings and purpose.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T1_C9_S1-901.01.md)
- [D.C. Code § 1-901.02 § 1-901.02. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T1_C9_S1-901.02.md)
- [D.C. Code § 1-903.01 § 1-903.01. Retirement fund for police officers and fire fighters.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T1_C9_S1-903.01.md)
- [D.C. Code § 1-903.02 § 1-903.02. Retirement fund for teachers.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T1_C9_S1-903.02.md)
- [D.C. Code § 1-903.03 § 1-903.03. Management of the Funds.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T1_C9_S1-903.03.md)
- [D.C. Code § 1-903.04 § 1-903.04. Payments from retirement funds.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T1_C9_S1-903.04.md)
- [D.C. Code § 1-903.05 § 1-903.05. Interim federal benefit payments.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T1_C9_S1-903.05.md)
- [D.C. Code § 1-903.06 § 1-903.06. Annual audit.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T1_C9_S1-903.06.md)
- [D.C. Code § 1-905.01 § 1-905.01. Replacement program for covered District employees.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T1_C9_S1-905.01.md)
- [D.C. Code § 1-905.02 § 1-905.02. Eligibility and benefits determinations.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T1_C9_S1-905.02.md)
- [D.C. Code § 1-905.03 § 1-905.03. Tax treatment of plan.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T1_C9_S1-905.03.md)
- [D.C. Code § 1-907.01 § 1-907.01. Limitation on investment of retirement funds.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T1_C9_S1-907.01.md)
- [D.C. Code § 1-907.02 § 1-907.02. District of Columbia payment to the Funds.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T1_C9_S1-907.02.md)
- [D.C. Code § 1-907.03 § 1-907.03. Calculation of District of Columbia payment to the Funds.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T1_C9_S1-907.03.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DC_T1_C9_S1-903.03. Check the current official text before relying on it. Not legal advice.