City of Southfield Fire and Police Retirement System

City of Southfield Fire and Police Retirement System (Southfield FPRS) is a public pension fund based in Southfield, Michigan. The program is designed to help its members meet the financial concerns of old age, disability, and death. The retirement system is managed by a board of trustees, which in accordance with public act 345 includes the treasurer of the city, one representative each from the police and fire departments, and two citizen representatives. The actual operation of the system is governed and controlled by the detailed provisions of act 345, union contracts, and the retirement board's official rules, regulations and resolutions. The assets of the fund are managed by the board members.