The Lakewood Employees Money Purchase Pension Plan Retirement Board has the sole responsibility for the administration of the Lakewood Employees Money Purchase Pension Plan. The Board establishes rules, regulations, and policies permitting each participant to direct the investment funds allocated to his aggregate accounts, including options available, election forms, limitations on the type or mix of investment vehicles, and procedures to change investments. The board selects investment vehicles and makes them available to the participants. The Board also makes all determinations as to the right of any person to a benefit.

Ordinance O-88-64 established the Lakewood Employee Money Purchase Pension Plan Retirement Board in 1988.

The Board consists of five members. Two members are citizen electors appointed by City Council. Two members are employees elected by the participants and one member is the City Treasurer.

Updated December 2007