The Special Election for an active employee member to represent the Power System to the Board of Administration of the WPERP has been postponed . . . see Bulletin attached.
12/08/2021 (Regular Meeting)
12/08/2021 (Benefits Committee Meeting)
12/22/2021 (Regular Meeting)
Retirement Date: 01/01/2022 Last Day To Apply: 12/02/2021 Last Day To Withdraw: 12/23/2021
(Last day to withdraw for retirement effective 12/01/2021 is 11/24/2021.)
Training Classes
To comply with IRS Section §79, Retirement and Payroll will be implementing changes to your taxable income and tax withholdings starting on pay period ending October 24, 2021 (payable November 2, 2021). For more information, see RIS (calculator) or bulletin attached.
The CPI increase was 1.6% for the one year period ended December 31, 2020. All eligible participants of Tier 1 shall receive a COLA of 1.6% up to 2.5%, depending on the retirement date. Tier 2 members shall receive a COLA of 1.6%. Please click details for more information. . .details
The office has reopened on a modified basis for Active employees only. Retirees and Beneficiaries, until the JFB is open to visitors, please continue to call or email us. We are sorry for any inconvenience... details
The CPI increase was 1.6% for the one year period ended December 31, 2020. Therefore, all eligible participants of Tier 1 shall receive a minimum of 1.6% COLA. Certain Tier 1 participants shall receive a COLA of 1.7% or 2.5% through the exhaustion of one’s COLA bank. . . details
Effective immediately the Retirement Plan Office will resume the normal process for filing and/or withdrawing a Retirement Application as outlined in the Retirement Application and Withdrawal Forms ... details
Actives: Due to the new Safer At Home order, the office will be closed until further notice. Retirees: With our Retirees’ health and safety in mind, the JFB remains closed. All in-person Retirement Office visits have been suspended until further notice... details
Consistent with the General Manager and Chief Engineer’s directive to reduce employees reporting to their LADWP work location, the Retirement Plan Office (RPO) will revert to the Modified Retirement Application and Withdrawal Process . . . . . details
Actives: Due to the new Safer At Home order, the office will be closed through the end of the year. Retirees: With our Retirees’ health and safety in mind, the JFB remains closed. All in-person Retirement Office visits have been suspended until further notice... details
March 30, 2020
Due to the COVID-19 event, the Retirement Plan’s office location will be closed until further notice. During the office closure, staff will continue to work remotely. In this period, the best way for us to provide assistance will be by sending an email to Retire@ladwp.com ... details
Going forward, the Retirement Application and Withdrawal Process will revert to the original process as outlined in the Retirement Application and Withdrawal Forms...
The CPI increase was 3.1% for the one year period ended December 31, 2019. 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 . . . details
Consistent with the General Manager’s directive to reduce employees reporting to their LADWP work location, the Retirement Plan Office will revert to the below interim process to assist members with his or her retirement . . . . . details
LADWP is not offering a Separation Incentive Program, as you may have heard from other City Departments. It is important that you remember that the mortality tables are changing on July 1, 2020. To retire effective June 1, 2020 . . . details
In response to the COVID-19 pandemic, the Retirement Plan Office has implemented the below interim process to assist members with his or her retirement application and withdrawal request: 1) A member wishing to apply to retire may print out . . . ... details
REMINDER: New Tables EffectiveJuly 1, 2020The mortality tables will change effective July 1, 2020.
Informational Presentation
Retirement Information System (RIS) Estimator
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
*Preliminary
Update Your Beneficiary Designation
It is important to keep your Beneficiary Designation form updated with the Water and Power Employees' Retirement Plan.
COLA 2019
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
On February 28, 2018, the Board of Administration (Retirement Board) of the Water and Power Employees’ Retirement Plan (Plan) adopted several resolutions amending the Plan.
Bulletin 2018-04
Nevada Policy Research Center (aka Transparent CA) Misleads on DWP Pension Recipient and Pension System
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