Revamped DCP Participant Navigation is Live!
The City’s Deferred Compensation Plan (DCP) is pleased to announce new navigation enhancements to the participant account management website. These enhancements were developed by the City’s DCP administrator, Voya, following an extensive research process and soliciting participant feedback nationwide. Enhancements for the City’s site will launch on July 18, 2021. New navigation tools, including visual icons, make it easier to access frequently used functions and explore all of the many resources the website has to offer.
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Year End Reminders
As you prepare for the end of the year, please note the following deadlines. Please note that all requests must be submitted in good order prior to the processing cutoff dates.
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Local Support for All Your Needs!
We take pride in providing you with personalized support through our local representatives for your financial wellness.
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Saving for Your First Home with the DCP
Imagine living in your dream home. Getting there takes time, but it’s possible.
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We Can Help You Roll in Outside Retirement Accounts
Have you found yourself in this situation? You’ve changed jobs a few times and have money in your former employers’ retirement plans. What do you do with those funds?
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Three Easy Ways to Save More
Saving for retirement is a lifelong challenge. Don’t wait for a perfect time in life to save – start now!
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Three Steps to Help You Manage Your Debt
Managing debt can be overwhelming but starting with small steps can help you reach your big goal.
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Join Us on Zoom for Virtual Group Meetings!
We miss meeting with you face-to-face at City Hall and we’re still here to serve you! So drop in on our new virtual meetings on Zoom!
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Considering the City of Los Angeles Separation Incentive Program?
Explore the benefits of maximizing your retirement saving through the DCP when participating in a Separation Incentive Program.
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CARES Act Provides Economic Relief to Deferred Compensation Plan Participants
The CARES Act includes new loan and distribution provisions and also automatically suspends Required Minimum Distribution (RMD) rules for 2020.
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SECURE Act Highlights
Important changes to the Required Minimum Distribution (RMD) rules.
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Managing Market Volatility
Managing yourself when the market is volatile.
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Create a Financial Wellness Plan for the New Year
Thriving in retirement is much more than just the amount of money you save!
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What is dollar-cost averaging?
Investing in the stock market can be daunting for the uninitiated. Enter dollar-cost averaging — an investing technique where you invest in the market by contributing a set amount on a regular schedule — which takes the guess work out of timing the market and can help you save for your future.
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Five Things You May Not Know About Life Insurance
How to provide for your loved ones in the event of a tragedy occurring may be the furthest thing from your mind, but the earlier you can be prepared the better. Here are five important aspects to life insurance that you need to know.
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Make the Most of Your Pay Increase!
Make the most of your upcoming pay increase.
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What Does "Inverted Yield Curve" Mean?
What is a yield curve, and what does it mean when it’s inverted?
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