Retirement Plan Office

There are several publications available at the Retirement Office to assist you with understanding your benefits. These have been made available on this website for easy reference.

 

PUBLICATIONS

Summary Plan Description
Tier 1


Summary Plan Description
Tier 2


How to Calculate Your Retirement Allowance and Other Information Including the Procedure for How to Retire for TIER1 Members

How to Calculate Your Retirement Allowance and Other Information Including the Procedure for How to Retire for TIER 2 Members

Guide to the Withdrawal Process

Guide to SFDB

Death Benefit Information

Statement of Investment Objectives, Goals, and Guidelines

Publications

  The Water and Power Employees’ Retirement, Disability, and Death Benefit Insurance Plan (Plan) was established in 1938. Since that time, several resolutions have been adopted amending the Plan. The Plan is the main governing document. The Summary Plan Description is an excerpt from the Plan and is provided below for easy reference.

  The Summary Plan Description - Tier 1. This is a small booklet that is provided to every Tier 1 member. It contains the basic information of the Plan, condensed to less than 50 pages and only 12,000 words. Check it out for answers to any of your common questions.

  The Summary Plan Description - Tier 2. This is a small booklet that is provided to every Tier 2 member. It contains the basic information of the Plan, condensed to less than 50 pages and only 12,000 words. Check it out for answers to any of your common questions.

  Water and Power Employees' Retirement, Disability, and Death Benefit Insurance Plan.  This document is the full Plan adopted by resolution of the Board of Water and Power Commissioners of the City of Los Angeles, becoming effective October 1, 1938, including all adopted Plan amendments since its last publication.
The full Plan document (The Water and Power Employees’ Retirement, Disability, and Death Benefit Insurance Plan) is currently unavailable online, while it is being updated to include recent Plan amendments. For general information on Plan provisions, please consult the Summary Plan Descriptions for Tier 1 and Tier 2. For additional questions about the contents of the full Plan document, please contact the Retirement Plan Office.

  How to Calculate Your Retirement Allowance and Other Information Including the Procedure for How to Retire is meant for TIER 1 members who are about to retire. It has easy to understand explanations of all the various retirement options with simple formulas to get a close approximation of what your monthly retirement allowance might be. It also contains information about how divorce and taxes impact your allowance.

  How to Calculate Your Retirement Allowance and Other Information Including the Procedure for How to Retire is meant for TIER 2 members who are about to retire. It has easy to understand explanations of all the various retirement options with simple formulas to get a close approximation of what your monthly retirement allowance might be. It also contains information about how divorce and taxes impact your allowance.

  Guide to the Withdrawal Process. We are sorry you couldn't stay with us until your retirement, but you probably have some money on deposit. This book lets you know what you can and cannot do with your money. It also has some helpful tips toward getting the most from your money.

  Guide to SFDB (Supplemental Family Death Benefit). This book is for parents (and those planning on becoming parents). SFDB is an optional benefit which may provide increased monthly income to the surviving spouse and minor or disabled children beyond the standard death benefits all Plan members are entitled to.

  Death Benefit Information  This booklet should be completed and kept in a secure location to provide your beneficiaries with helpful contact information in the event of your death.

 Statement of Investment Objectives, Goals, and Guidelines  This publication states the investment goals adopted by the Board, consistent with generally accepted standards, Plan Document, City Charter, and California State Constitution.

Annual Report. Each year the Retirement Plan produces an annual report. Copies of the current June 2016 Annual Report Summary are now in! Stop by the Retirement Office and pick up a copy.

We also have previous years' editions available at the Retirement Office.

2017 Annual Reports available online in Adobe PDF format:

2017 Management Audit of the Los Angeles Water and Power Employees' Retirement Plan

 

 

2016 Annual Reports available online in Adobe PDF format:

2016 Annual Report Summary

Simpson & Simpson Auditor's Report - June 30, 2016

Segal Consulting Actuarial Valuation & Review - July 1, 2016

Segal Consulting Governmental Accounting Standards (GAS) 67 Actuarial Valuation as of June 30, 2016

Segal Consulting Disability Fund Review - July 1, 2016

Segal Consulting Death Benefit Fund Review - July 1, 2016

 

 

2015 Annual Reports available online in Adobe PDF format:

2015 Annual Report Summary

Simpson & Simpson Auditor's Report - June 30, 2015

Segal Consulting Actuarial Valuation & Review - July 1, 2015

Segal Consulting Disability Fund Review - July 1, 2015

Segal Consulting Death Benefit Fund Review - July 1, 2015

Segal Consulting Governmental Accounting Standards (GAS) 67 Actuarial Valuation as of June 30, 2015

Segal Consulting Governmental Accounting Standards (GAS) 67 Actuarial Valuation as of June 30, 2015 - Death Benefit

Segal Consulting Analysis of Actuarial Experience During the Period July 1, 2012 through June 30, 2015

 

2014 Annual Reports available online in Adobe PDF format:

2014 Annual Report Summary

Simpson & Simpson Auditor's Report - June 30, 2014

Segal Consulting Actuarial Valuation & Review - July 1, 2014

Segal Consulting Disability Fund Review - July 1, 2014

Segal Consulting Death Benefit Fund Review - July 1, 2014

Segal Consulting Governmental Accounting Standards (GAS) 67 Actuarial Valuation as of June 30, 2014

 

2013 Annual Reports available online in Adobe PDF format:

2013 Annual Report Summary

Simpson & Simpson Auditor's Report - June 30, 2013

Segal Consulting Actuarial Valuation & Review - July 1, 2013

Segal Consulting Disability Fund Review - July 1, 2013

Segal Consulting Death Benefit Fund Review - July 1, 2013

Segal Consulting GASB Actuarial Valuation & Review -
July 1, 2013

 

2012 Annual Reports available online in Adobe PDF format:

2012 Annual Report Summary

Simpson & Simpson Auditor's Report - June 30, 2012

The Segal Co. Actuarial Valuation & Review - July 1, 2012

The Segal Co. Analysis of Actuarial Experience During the Period July 1, 2009 through June 30, 2012

 

2011 Annual Reports available online in Adobe PDF format:

2011 Annual Report Summary

Simpson & Simpson Auditor's Report - June 30, 2011

The Segal Co. Actuarial Valuation & Review - July 1, 2011

 

2010 Annual Reports available online in Adobe PDF format:

2010 Annual Report Summary

Simpson & Simpson Auditor's Report - June 30, 2010

The Segal Co. Actuarial Valuation & Review - July 1, 2010

 

2009 Annual Reports available online in Adobe PDF format:

2009 Annual Report Summary

Simpson & Simpson Auditor's Report - June 30, 2009

The Segal Co. Actuarial Valuation & Review - July 1, 2009

The Segal Co. Disability Fund Review - July 1, 2009

The Segal Co. Death Benefit Fund Review - July 1, 2009

The Segal Co. GASB Actuarial Valuation & Review -
July 1, 2009

The Segal Co. Actuarial Experience Study -
July 1, 2006 to June 30, 2009

2009 Management Audit

 

2008 Annual Reports available online in Adobe PDF format:

2008 Annual Report Summary

Simpson & Simpson Auditor's Report - June 30, 2008

The Segal Co. Actuarial Valuation & Review - July 1, 2008

The Segal Co. Disability Fund Review - July 1, 2008

The Segal Co. Death Benefit Fund Review - July 1, 2008

The Segal Co. GASB Actuarial Valuation & Review -
July 1, 2008

 

2007 Annual Reports available online in Adobe PDF format:

2007 Annual Report Summary

Macias Gini & O'Connell Auditor's Report - June 30, 2007

Buck Consultants Actuarial Valuation & Review - July 1, 2007

Buck Consultants Disability Fund Review - July 1, 2007

Buck Consultants Death Benefit Fund Review - July 1, 2007

 

2006 Annual Reports available online in Adobe PDF format:

2006 Annual Report Summary

Macias Gini & O'Connell Auditor's Report - June 30, 2006

The Segal Co. Actuarial Valuation & Review - July 1, 2006

The Segal Co. Disability Fund Review - July 1, 2006

 

2005 Annual Reports available online in Adobe PDF format:

2005 Annual Report Summary

Simpson & Simpson Auditor's Report - June 30, 2005

The Segal Co. Actuarial Valuation & Review - July 1, 2005

The Segal Co. Death Benefit Fund Review - July 1, 2005

 

2004 Annual Reports available online in Adobe PDF format:

2004 Annual Report Summary

Simpson & Simpson Auditor's Report - June 30, 2004

The Segal Co. Actuarial Valuation & Review - July 1, 2004

 

2003 Annual Reports available online in Adobe PDF format:

2003 Annual Report Summary

Simpson & Simpson Auditor's Report - June 30, 2003

The Segal Co. Actuarial Valuation & Review - July 1, 2003

 

2002 Annual Reports available online in Adobe PDF format:

2002 Annual Report Summary 

Simpson & Simpson Auditor's Report - June 30, 2002

The Segal Co. Actuarial Valuation & Review - July 1, 2002

 

2001 Annual Reports available online in Adobe PDF format:

2001 Annual Report Summary

Simpson & Simpson Auditor's Report - June 30, 2001

The Segal Co. Actuarial Valuation & Review - July 1, 2001

 

2000 Annual Reports available online in Adobe PDF format:

The Segal Co. Actuarial Valuation & Review - July 1, 2000

 

  
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.