You keep our City working. Reward yourself with retirement savings from the DCP
The work you do everyday is essential to helping The City of Los Angeles succeed. Isn’t it time to reward your hard work with additional retirement savings from the Deferred Compensation Plan (DCP)?
The DCP is a voluntary savings program that is designed to supplement your City pension income in retirement. It’s an easy and automatic way to set aside a little more each paycheck that you can then withdraw at retirement or when you leave employment with the City. Read on to find out if you’re eligible to participate in the DCP.
Am I eligible to enroll in the Deferred Compensation Plan?
Here’s how to quickly find out if you’re eligible to start saving in the DCP. Take a look at your most recent paystub and look for the Taxes and Retirement/Pension box. If you see “Tier 1” or “Tier 3” in the “Description” column, you are eligible to get started with the DCP today!
Get started creating your own rewarding retirement
We’ve made enrolling in the DCP easy. Choose one of the options below to start rewarding yourself today. Remember, you can save as much or as little as you want – the choice is yours. If you’re not sure how much you should be saving to reach your goals, we can help with that too.
Option 1: Set an appointment with a local Retirement Counselor for one-on-one support
To learn more about the plan and receive one-on-one enrollment support, schedule an appointment with a local Retirement Counselor. In-person, phone, and virtual appointments are available.
CLICK HERE to set an appointment
Option 2: Enroll on your own online
Enrolling on your own is simple. Visit the enrollment page on LA457.com and follow the steps for a Civilian employee to create your DCP account and begin your DCP savings journey with ease.
A few clicks and a few minutes today is all it takes to create a retirement that rewards the hard work you do for our City. Start today and your future-self will thank you.