This Month's Meetings:
12/11/2019 (Regular Meeting) - Cancelled
12/26/2019 (Regular Meeting)
Retirement Date: 02/01/2020 Last Day To Apply: 01/02/2020 Last Day To Withdraw: 01/24/2020
(Last day to withdraw for 01/01/2020 retirement is 12/24/2019.)
2019 Summary Annual Report
Funded Ratio (Actuarial Value): 92.23% Funded Ratio (Market Value): 94.03% Investment Returns (Gross of Fees): 6.59%* Investment Returns (Net of Fees): 6.36%* Assets (Retirement Fund): $12.9 billion* Membership: 19,677
Appointed Retired Member Applications are being accepted for a retiree representative ... details
Assumption Changes The Retirement Board has adopted new assumptions affecting the interest rate and mortality tables ... details
Update Your Beneficiary Designation
It is important to keep your Beneficiary Designation form updated with the Water and Power Employees' Retirement Plan.
The CPI increase was 3.8% for the one year period ended December 31, 2018. Therefore, all eligible participants of Tier 1 shall receive a 3.0% COLA and Tier 2 shall receive a 2.0% COLA with their July allowance (payable August 1, 2019).
Retirement Plan Office Updates
Select "Read More" link at the bottom to see the Retirement Office Updates for December 19, 2018
Welcome to the Water and Power Employees’ Retirement, Disability and Death Benefit Insurance Plan (Plan). Your Plan benefits are administered by the Retirement Plan Office under the direction of the Board of Administration (Retirement Board). Please contact us for any inquiries regarding your benefits. RETIREMENT PLAN OFFICE 111 North Hope Street, Room 357 Los Angeles, CA 90012 Monday through Friday from 7:00 a.m. to 4:00 p.m. Telephone: (800) 367-7164 or (213) 367-1692 Email: Retire@ladwp.com ONCE AGAIN, WELCOME!
(800) 367-7164 or (213) 367-1692
Employees Retirement Plan Room 357 Department of Water & Power PO Box 51111 Los Angeles, CA 90099-5520
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