Investment Accounts.
Los Angeles Administrative Code § 4.1405
in effectSec. 4.1405. Investment Accounts.
The City (acting through the Administrator) shall cause to be established for each Participant a book account (the “Investment Account”). The City shall cause to have credited to the Investment Account such amounts equal to the Participant’s Deferred Compensation and any applicable Employer Contribution made on behalf of the Participant, less any applicable fees. The assets of the Investment Account shall be invested in such investments as the law may allow and as offered under the Plan. Each Participant’s Investment Account shall further be credited with earnings, gains, or losses applicable to such investments. The City shall not be liable to Participants in the Plan, their Beneficiaries, or any other persons for any losses on any investment credited to any Investment Account.
SECTION HISTORY
Added by Ord. No. 164,806. Eff. 2-13-81.
Amended by: Ord. No. 158,396, Eff. 11-14-83; In Entirety, Ord. No. 172,105, Eff. 7-14-98; In Entirety, Ord. No. 174,407, Eff. 2-28-02, Oper. 1-1-02; In Entirety, Ord. No. 188,891, Eff. 3-25-26.
Source: City of Los Angeles, Charter and Codes (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/los_angeles/latest/laac/0-0-0-17116Fetched: 10/24/2026