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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 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. This is a small booklet that is provided to every member. It contains the basic information of the Plan, condensed to less than 50 half-sized pages and only 13,000 words. Check it out for answers to any of your common questions. How to Calculate Your Retirement Allowance and Other Information Including the Procedure for How to Retire is meant for 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. This Adobe PDF file is approximately 6.89MB, so you may want to right-click on the link and select "Save Target As...". Guide to OGS (Other Governmental Service). This book is for members who may be able to increase their service time by "purchasing" eligible prior governmental service credit including military service. More service credit means more money at retirement (among other benefits). If you feel you might be eligible, you should read this document. 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. Annual Report. Each year the Retirement Plan produces an annual report. Copies of the current June 2011 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.
2011 Annual Reports available online in Adobe PDF format: 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: 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: 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 -
The Segal Co.
Actuarial Experience Study -
2008 Annual Reports available online in Adobe PDF format: 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 -
2007 Annual Reports available online in Adobe PDF format: 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: 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: 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: Simpson & Simpson Auditor's Report - June 30, 2004
2003 Annual Reports available online in Adobe PDF format: Simpson & Simpson Auditor's Report - June 30, 2003
2002 Annual Reports available online in Adobe PDF format: Simpson & Simpson Auditor's Report - June 30, 2002
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| 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. |