Section 7-1501. BOARD MEMBERS

 

1501.1The Board shall consist of twelve (12) members, whose terms of office, qualifications, and compensation are mandated by statute (D.C. Official Code § 1-711(b), (c)). The members are fiduciaries to the Funds.

 

1501.2The Board shall conduct elections for members who are elected by the active and retired officers of the District of Columbia Metropolitan Police Department and the District of Columbia Fire and Emergency Medical Services Department and by the active and retired teachers of the District of Columbia Public Schools.  (D.C. Official Code § 1-711(b)(2)).

 

1501.3In case of notification of a vacancy on the Board of an elected member, action shall be initiated to fill the vacancy no more than thirty (30) business days after the Board’s receipt of the written vacancy notification.

 

1501.4Individual Board members sued in their capacity as Board members shall be represented by independent counsel, if appropriate, at the Board's expense.

 

1501.5The Chief Financial Officer of the District of Columbia, or his or her designee, shall be a non-voting ex officio member (D.C. Official Code § 1-711(b)(11)).

 

1501.6The Board shall elect one (1) member to be Chairperson who shall serve for a term of  one (1) year unless removed by the Board (D.C. Official Code § 1-711(b)(10)).  The Board may elect other officer positions at its discretion.

 

 

authority

Section 12l(e) of the District of Columbia Retirement Reform Act (Reform Act), approved November 17, 1979 (Pub. L. 96-122, 93 Stat. 866; D.C. Official Code § 1-711(e) (2014 Repl.)).

source

Final Rulemaking published at 32 DCR 5111 (September 6, 1985); as amended by Final Rulemaking published at 49 DCR 10792 (November 29, 2002); as amended by Final Rulemaking published at 63 DCR 6146 (April 22, 2016).