Management Audit of the Los Angeles Water and Power Employees’ Retirement Plan

Aon Hewitt Investment Consulting is pleased to present the Final Report – Management Audit of the Los Angeles Water and Power Employees’ Retirement Plan. The attached document is the result of hundreds of hours of work, culminating in our conclusion that overall, WPERP is generally operating in an efficient and economical manner. Notwithstanding, a number of areas were identified where we believe enhancements would be beneficial.

This audit was done to provide insight to the public and to City Officials about how the City balances the public policy need to address public safety concerns with the need to reasonably support local business growth and economic development. Accordingly, the audit assessed how the City identifies or eliminates permit types and manages permit applications, activities and revenues.