State Data » California » Los Angeles Water and Power » Los Angeles Water and Power

Los Angeles Water and Power Basics

  • Established 1938
  • Currently open to new hires
  • Plan covers local employees
  • Plan members not covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, Los Angeles Water and Power, 2002-2019

Fiscal Year Net Assets (billions)
2002 5.67
2003 5.56
2004 5.96
2005 6.18
2006 6.51
2007 7.42
2008 6.92
2009 5.70
2010 6.27
2011 7.41
2012 7.38
2013 8.30
2014 9.70
2015 10.07
2016 10.10
2017 11.31
2018 12.28
2019 12.99

Source: Public Plans Database

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Number of Actives per Annuitant, 2002-2019

Fiscal Year Los Angeles Water and Power US State and Local Pensions
2002 0.8 2.2
2003 0.8 2.2
2004 0.9 2.2
2005 0.9 2.1
2006 0.9 2.0
2007 0.9 2.0
2008 0.9 1.9
2009 1.0 1.8
2010 1.1 1.8
2011 1.1 1.7
2012 1.1 1.6
2013 1.0 1.5
2014 1.0 1.5
2015 1.0 1.4
2016 1.0 1.4
2017 1.1 1.5
2018 1.1 1.5
2019 1.1 1.5

Source: Public Plans Database

National data averages are weighted by plan size.

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Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Los Angeles Water and Power, 2002-2019

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2002 6.3 4.3 10.1 10.6
2003 7.7 0.1 10.4 7.8
2004 9.6 0.0 11.1 7.6
2005 12.2 0.9 12.1 13.1
2006 16.0 1.4 12.3 17.3
2007 19.3 0.8 11.6 20.1
2008 20.0 0.0 10.1 19.0
2009 18.1 0.0 11.5 17.5
2010 23.5 0.0 12.8 23.4
2011 33.0 2.0 13.6 35.0
2012 36.3 1.7 14.4 38.0
2013 40.9 0.9 16.7 41.8
2014 42.7 0.4 16.5 43.1
2015 40.9 1.1 17.0 42.1
2016 39.0 0.7 17.0 39.7
2017 39.5 1.2 14.3 40.7
2018 40.4 0.0 14.7 39.6
2019 35.9 0.0 14.8 35.8

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Los Angeles Water and Power, 2002-2019

Fiscal Year Los Angeles Water and Power National Data
2002 101.3 85.4
2003 101.4 83.7
2004 97.4 84.1
2005 93.6 83.5
2006 91.5 86.8
2007 91.9 89.5
2008 95.1 77.0
2009 90.0 73.3
2010 81.5 75.5
2011 80.3 73.4
2012 78.1 74.9
2013 78.8 75.4
2014 80.9 77.4
2015 86.9 79.1
2016 84.2 76.5
2017 88.0 77.6
2018 91.1 75.6
2019 92.2 75.8

Source: Public Plans Database

National data averages are weighted by plan size and reflects the average for plans of similar type and Social Security coverage.

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Investments

Asset Allocation for Los Angeles Water and Power, 2019

Category Percent
Equities 53.9
Fixed Income 23.8
Private Equity 5.1
Real Estate 6.9
Cash 1.1
Other 0.0
Commodities 4.4
Hedge Fund 4.7
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.0
Fixed Income 22.8
Private Equity 9.2
Real Estate 8.8
Cash 1.9
Other 0.0
Commodities 1.9
Hedge Fund 7.0
Misc. Alternatives 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Los Angeles Water and Power, 2002-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2002 57.0 31.0 0.0 0.0 12.0 0.0 0.0 0.0 0.0
2003 55.0 27.0 0.0 0.0 18.0 0.0 0.0 0.0 0.0
2004 63.3 22.4 0.0 0.0 14.3 0.0 0.0 0.0 0.0
2005 63.9 35.3 0.0 0.0 0.8 0.0 0.0 0.0 0.0
2006 65.0 34.0 0.0 0.0 1.0 0.0 0.0 0.0 0.0
2007 65.3 31.5 1.2 0.7 1.3 0.0 0.0 0.0 0.0
2008 59.1 35.7 1.7 1.8 1.8 0.0 0.0 0.0 0.0
2009 48.1 44.9 2.1 1.7 3.3 0.0 0.0 0.0 0.0
2010 51.0 41.0 1.0 1.0 3.0 0.0 3.0 0.0 0.0
2011 58.0 31.0 1.0 2.0 3.0 0.0 5.0 0.0 0.0
2012 55.4 27.7 2.0 3.0 1.0 0.0 5.0 5.9 0.0
2013 59.0 24.0 2.0 3.0 2.0 0.0 5.0 5.0 0.0
2014 61.0 20.0 2.0 3.0 1.0 0.0 6.0 7.0 0.0
2015 60.0 20.0 3.0 4.0 1.0 0.0 5.0 7.0 0.0
2016 55.0 28.0 3.0 6.0 1.0 0.0 5.0 2.0 0.0
2017 58.0 26.0 3.0 6.0 1.0 0.0 5.0 1.0 0.0
2018 56.0 24.0 4.0 6.0 1.0 0.0 4.0 5.0 0.0
2019 53.9 23.8 5.1 6.9 1.1 0.0 4.4 4.7 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Los Angeles Water and Power, 2002-2019

Fiscal Year Los Angeles Water and Power Assumed return
2002 -4.16 8.00
2003 1.93 8.00
2004 11.22 8.00
2005 7.16 8.00
2006 8.45 8.00
2007 16.58 8.00
2008 -4.43 8.00
2009 -15.53 8.00
2010 11.96 7.75
2011 19.18 7.75
2012 0.07 7.75
2013 12.48 7.75
2014 16.93 7.50
2015 4.30 7.50
2016 0.82 7.25
2017 12.73 7.25
2018 8.84 7.25
2019 6.47 7.00

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Los Angeles Water and Power
2002-2019

Fiscal Year Cash Flow Assets
2002 -236.3 5,671.1
2003 -221.5 5,558.8
2004 -211.7 5,961.4
2005 -200.8 6,182.2
2006 -185.7 6,513.2
2007 -164.9 7,417.8
2008 -168.1 6,923.9
2009 -161.5 5,698.9
2010 -107.0 6,266.3
2011 -45.2 7,410.3
2012 -33.9 7,384.1
2013 0.2 8,304.0
2014 -6.4 9,703.3
2015 -39.8 10,074.3
2016 -72.3 10,097.8
2017 -64.7 11,313.9
2018 -35.6 12,277.1
2019 -81.8 12,987.1

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
Los Angeles Water and Power
2002-2019

Fiscal Year Los Angeles Water and Power National Average
2002 -4.2 -1.0
2003 -4.0 -0.9
2004 -3.6 -0.5
2005 -3.2 -0.5
2006 -2.9 -0.6
2007 -2.2 -0.6
2008 -2.4 -0.8
2009 -2.8 -1.4
2010 -1.7 -1.3
2011 -0.6 -1.6
2012 -0.5 -1.6
2013 0.0 -2.0
2014 -0.1 -1.8
2015 -0.4 -0.5
2016 -0.7 -2.4
2017 -0.6 -2.3
2018 -0.3 -2.6
2019 -0.6 -2.6

Source: Public Plans Database

National data averages are weighted by plan size.

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2019 Financial Reports

Benefits

Website for Los Angeles Water and Power benefit descriptions.