|Water and Power Employees' Retirement Plan|
SECTIONS AT A GLANCE
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To All Members of the Retirement Plan
We are pleased to welcome you to membership in the Water and Power Employees' Retirement, Disability and Death Benefit Insurance Plan. We are proud of our Plan and want to provide the highest quality of service to you. The Retirement Plan Office staff is here to serve you; you are invited to consult with us if you have questions which apply to you personally or if any part of the Plan is unclear to you.
Once again, welcome!
In recognition of the difficulty of saving enough money to provide an income after retirement, to cover living costs if you are not able to work, or to provide protection for survivors if you die, the Los Angeles Department of Water and Power established the Water and Power Employees' Retirement, Disability and Death Benefit Insurance Plan (The "Plan") on October 1, 1938. The Plan is designed to provide financial security and help you prepare for your future through comprehensive programs for pension income at retirement, payments during disability, death benefits for beneficiaries, and continuance of benefits for eligible survivors.
|Although this document discusses the Plan in some detail, if there are any conflicts, real or apparent, between this document and the City Charter or the Plan, the terms of the Charter and the Plan will at all times be the final authority. Therefore before relying on provisions described in this document or taking any action which will affect your future welfare, you and your beneficiaries are urged to consult the Retirement Plan Office for the specific terms of the Plan in any situation.|