|Summary Plan Description|
at a Glance
This Page Describes
Under the provisions of the City Charter, the Board of Administration (the "Board") has the responsibility and authority to administer the Plan and to invest its assets. The Board members serve as trustees and must act in the exclusive interest of the Plan's members and beneficiaries. The Board has seven members: one member of the Board of Water and Power Commissioners, the General Manager, the Chief Accounting Employee or Auditor, three employee members who are elected for three-year terms by active members of the Plan, and one retiree who is appointed by the Board of Water and Power Commissioners for a three-year term.
The Board holds regular meetings which are open to the public. For more information on the schedule of Board meetings, call the Retirement Plan Office (see "General Information", page i), or visit our website on the intranet: http://retirement/ or on the internet: http://retirement.ladwp.com/.
The Retirement Plan Office is responsible for all administrative details of the Plan, which means that it keeps track of your contributions and interest, invests the funds, and maintains all Plan records. If you have any questions about any part of the Plan, please feel free to contact the Retirement Plan Office.
The Retirement Plan Manager directs operations of the Plan subject to general rules, regulations, and instructions of the Board.
If you believe that you are not receiving all the Plan benefits that you are entitled to receive, you may file a written appeal with the Board of Administration of the Retirement Plan. The appeal should be sent or delivered to the Retirement Plan Office but addressed to the Board. A hearing before the Benefits Committee will be scheduled after you file your appeal.
|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.|