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MAKING DECISIONS ABOUT ENROLLMENT IN THE 457(b) PLAN

Week of February 4, 2019

As part of the negotiations for the 2017-2020 AALA Certificated Agreement, the District proposed to enroll those who were not currently contributing to LAUSD’s 457(b) Deferred Compensation Plan into the program. This is a voluntary, supplemental retirement savings plan that is administered by Voya Financial, which has received awards for its investment choices and low fees. AALA certificated members voted to approve the agreement in August 2018. Shortly after the ratification vote, many members, of course, had questions, which we attempted to answer in past issues of Update. Previous articles provided general information about the 457(b) program (click HERE) and answers to frequently asked questions (click HERE).

Last week, the District sent

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Associated Administrators of Los Angeles

1910 Sunset Blvd., Suite 850
Los Angeles, CA 90026
(213) 484-2226 Fax (213) 484-0201

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