Actuarial Valuations

An actuarial valuation is a review of the Plan’s assets and liabilities, using investment, economic and demographic assumptions to determine the funded status of the Plan and the required contributions from the LADWP. The assumptions used in the annual valuations are based on a mix of statistical studies, experienced judgment, and plan design. The Plan is responsible for administering three separate trust funds – Death Benefit, Disability, and Retirement. Each fund has its own funding policy and actuarial valuation report

Effective fiscal year 2022-2023, the Retirement Fund valuation is modeled on the following key assumptions and funding policies:

  • Investment Return: 6.50% net of investment expenses
  • Interest Crediting: 7.00% based on Plan provisions
  • Consumer Price Index: 2.50%
  • Mortality Rates: Pub-2010 General Health Retiree Amount-Weighted Above-Median Mortality, with rates increased by 5% for males
  • Unfunded Actuarial Accrued Liabilities: Amortized over a fifteen-year period in equal dollar amounts
  • Investment gains or losses: Recognized in equal amounts over a five year period
  • Entry Age Actuarial Cost Method is used to determine the Normal Cost and Actuarial Accrued Liability, which are calculated on an individual basis and allocated as a level percentage of salary

Fiscal Year 2023
Fiscal Year 2022
Fiscal Year 2021
Fiscal Year 2020
Fiscal Year 2019
Fiscal Year 2018
Fiscal Year 2017
Fiscal Year 2016
Fiscal Year 2015
Fiscal Year 2014
Fiscal Year 2013
Fiscal Year 2012
Fiscal Year 2011
Fiscal Year 2010
Fiscal Year 2009
Fiscal Year 2008
Fiscal Year 2007
Fiscal Year 2006
Fiscal Year 2005
Fiscal Year 2004
Fiscal Year 2003
Fiscal Year 2002
Fiscal Year 2001
Fiscal Year 2000