Founded in 1916, the Dallas Police and Fire Pension System is responsible for the administration and investment of the assets of the plans in accordance with their terms. It oversees the communication of benefits to members and beneficiaries of plans and provides the safekeeping of the assets of plans. The system also authorizes the disbursement of assets of the plans for the payment of administrative and professional costs and expenses. The Dallas Police and Fire Pension System a single employer-defined benefit plan under the Internal Revenue Code of the United States. It belongs to several pension-related organizations, including the Texas Association of Public Employee Retirement Systems and the National Conference of Public Employee Retirement Systems. The system maintains its office in Dallas.