CITY OF LOS ANGELES QUARTERLY NEWSLETTER OCTOBER 2015
CITY OF
DEFERRED COMPENSATION PLAN
Los Angeles
INTRODUCING PRE-TAX TO ROTH CONVERSIONS See What’s Inside:
FOR ACTIVE EMPLOYEE PARTICIPANTS
FOR ACTIVE EMPLOYEE PARTICIPANTS
earnings from these contributions are not taxed upon distribution as long as certain criteria INTRODUCING PRE-TAX TO ROTH CONVERSIONS
The City’s Deferred Compensation Plan is pleased to introduce a new conversion option for
active employee Plan participants. “Conversion” in this case means the ability to convert existing
pre-tax balances into after-tax (also known as Roth) balances.
First, as a reminder, participants making biweekly payroll deferrals to their accounts can save
on a pre-tax and/or after-tax basis (Roth). Pre-tax contributions come out of your paycheck
before taxes are deducted, and taxes are paid on the total amount of any distribution taken CITY OF LOS ANGELES QUARTERLY NEWSLETTER OCTOBER Is the Roth Option Right for You? The City of Lo CITY OF LOS ANGELES DEFERRED COMPENSATION PLAN QU City of Los Angeles Deferred Compensation Plan IN City of Los Angeles Deferred Compensation Plan B Have Questions? Need Information? For inform