Taxable Benefit (Active Only)

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.

Nov 18, 2021
Board Dates
Nov 18, 2021
Retirement Planning

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

 

Nov 2, 2021
July 1, 2021 COLA

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

Oct 7, 2021
Retirement Office Update

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

 

Jul 6, 2021
COLA 2021

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

Jun 1, 2021
Retirement Application Process Update

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

May 3, 2021
Retirement Office Update (01/05/2021)

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

May 3, 2021
Modification to the Retirement Application Process

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

Mar 9, 2021
Retirement Office Update (12/9/2020)

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

Dec 23, 2020
Office Closure

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

Oct 9, 2020
Retirement Application Process Update (08/04/20)

Going forward, the Retirement Application and Withdrawal Process will revert to the original process as outlined in the Retirement Application and Withdrawal Forms...  

 

Aug 4, 2020
COLA 2020

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

Jul 15, 2020
Modification to the Retirement Application Process (07/14/2020)

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

Jul 15, 2020
Retirement Application Process Update (6/23/2020)

Going forward, the Retirement Application and Withdrawal Process will revert to the original process as outlined in the Retirement Application and Withdrawal Forms...  

Jun 23, 2020
IMPORTANT REMINDER

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

May 13, 2020
Modification to the Retirement Application Process  (4/14/2020)      

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

Apr 16, 2020
Announcement

REMINDER: New Tables Effective
July 1, 2020


The mortality tables will change effective July 1, 2020.

Informational Presentation

Retirement Information System (RIS) Estimator

Mar 17, 2020
Plan at a Glance

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

 

 

Oct 2, 2019
Announcement

Update Your Beneficiary Designation

It is important to keep your Beneficiary Designation form updated with the Water and Power Employees' Retirement Plan.

 

Jul 11, 2019
Announcement

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).

Mar 29, 2019
Announcement

Retirement Plan Office Updates

Select "Read More" link at the bottom to see the Retirement Office Updates for December 19, 2018

Dec 20, 2018
Amendments to the Water and Power Employees Retirement Plan

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

Mar 1, 2018
FACT CHECK

Nevada Policy Research Center (aka Transparent CA) Misleads on DWP Pension Recipient and Pension System

Jul 17, 2017
Notice of CPRA Request for 2016 Retiree Data

The Plan recently received a California Public Records Act request for Water & Power Employees’ Retirement Plan compensation data from the organization Transparent California for calendar year 2016. As a public entity, we are required by law to make the information available. This information includes retiree benefit payments and does not include amounts payable for Additional Annuities.

Jun 29, 2017