SPECIAL NOTICE TO CITY EMPLOYEES
REGARDING DEFERRED COMPENSATION
All Los Angeles City employees who are required to file a Statement of Economic Interest
(California Form 700) may need to report some or all of their investments in the City’s Deferred
Compensation Plan. To determine whether you need to do so, please refer to your disclosure
category in your department or agency’s Conflict of Interest Code and compare this with how
you have allocated your Deferred Compensation funds.
Many of the investments in the City’s Deferred Compensation Plan are diversified mutual funds
or annuities. As such, they do not need to be reported.
However, a few of the plan’s investments are not, under the law, considered mutual funds.
These funds, listed below, are considered “separate accounts” or “co-mingled trusts.” As such,
they must be reported.
For the year 2007, the following Deferred Compensation investments are reportable:
- Galliard Stable Fund
- Capital Guardian U.S. Equity Fund
Lotsoff Small Cap Equity Fund
- State Street Russell 2000 Index Fund
Lazard Mid Cap Fund
Additionally, the Deferred Compensation Plan allows participants to invest in asset allocation
“profile” funds, which include the Aggressive, Moderate and Conservative strategies. Since
these profile funds are comprised by some of the reportable funds listed, your positions in these
funds may also be reportable.
If you have questions regarding the filing of your 2007 Statement of Economic Interests, please
contact the City Ethics Commission at (213) 978-1960 or the California Fair Political Practices
Commission at (866) 275-3772.
CITY OF LOS ANGELES
LeeAnn M. Pelham
200 North Spring Street
City Hall – 24th Floor
Los Angeles CA 90012
(213) 978-1988 Fax
CITY ETHICS COMMISSION