The Board’s elected positions are an excellent opportunity for you to have your voice heard on the Board or to represent your peers!

About the Board of Deferred Compensation Administration

The Board is responsible for oversight of the DCP. These responsibilities include plan design, vendor selection, investment review, review of hardship withdrawal appeals, and all related matters affecting administration of the DCP.

Board members attend regular monthly meetings, approximately two hours in length, which are generally held on the third Tuesday of each month. They can also expect to spend approximately 2-4 hours each month reviewing materials for these meetings. In addition, the Board may periodically conduct special meetings. There is no compensation provided for serving on the Board.

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Per City of Los Angeles Administrative Code Section 4.1407, the nine-member Board is comprised of:

  • the General Managers of LAFPP, LACERS, and the Personnel Department;

  • Water & Power Employees’ Retirement Program (WPERP) Manager;

  • a labor representative appointed by the City’s unions; and

  • an elected representative from each of the DCP’s membership groups: active LAFPP members, active LACERS members, active WPERP members, and retirees.

WHY VOTE OR RUN FOR THE BOARD?

The DCP is known for constantly innovating and improving its services to best meet the needs of City employees. It serves more than 50,000 participants and manages over $7 billion in assets. This is your opportunity to:

  • Let your voice be heard and be confident that your interests are represented.

  • Support initiatives that will benefit you and your colleagues.

  • Create an impact on plan design, vendor selection, and all related matters affecting administration of the DCP.

If you have any questions about the elections process, please contact us.