Component I

COMBINED PLAN FOR THE
POLICE AND FIRE RETIREMENT SYSTEM OF
THE CITY OF DETROIT, MICHIGAN
Amendment and Restatement Effective July 1, 2014

ARTICLE 1.  GENERAL PROVISIONS

ARTICLE 2.  DEFINITIONS

ARTICLE 3.  MEMBERSHIP

ARTICLE 4.  SERVICE CREDIT

ARTICLE 5.  ELIGIBILITY FOR RETIREMENT

ARTICLE 6.  RETIREMENT ALLOWANCE; VARIABLE PENSION IMPROVEMENT FACTOR (ESCALATOR)

ARTICLE 7.  DEATH BENEFITS

ARTICLE 8.  FORMS OF PAYMENT

ARTICLE 9.  FUNDING AND RESERVES

ARTICLE 10.  VOLUNTARY EMPLOYEE CONTRIBUTIONS

ARTICLE 11.  LOAN PROGRAM FOR VOLUNTARY EMPLOYEE CONTRIBUTIONS

ARTICLE 12.  DEFERRED RETIREMENT OPTION PLAN ("DROP") PROGRAM

ARTICLE 13.  LIMITATION ON BENEFITS AND CONTRIBUTIONS

ARTICLE 14.  RETIREMENT SYSTEM ADMINISTRATION

ARTICLE 15.  MANAGEMENT OF FUNDS

ARTICLE 16. INVESTMENT OF RETIREMENT SYSTEM ASSETS

ARTICLE 17.  RETIREE MEDICAL ACCOUNT

ARTICLE 18.  MISCELLANEOUS