Detroit Police & Fire Retirement System is a public pension fund based in Detroit, Michigan. The operations of the retirement system are governed by the provisions of any applicable Federal law, the State Constitution, State Statutes, the City Charter, City ordinances, applicable collective bargaining agreements, and continuing board policies, procedures, and regulations. The Retirement System invests all available funds in order to maximize both current income and long-term appreciation. The primary objective of the System's investment policy is to assure that the system meets its responsibilities for providing all benefits. The assets of the fund are managed and governed by the Board of Trustees who are assisted by the investments committee.