For the purposes of these rules, the following definitions apply:
"Plan" is defined as the City of Los Angeles Deferred Compensation Plan.
"Participant" is defined as any individual having an active account with the Deferred Compensation Plan at the time the contest ends: October 27, 2018 at 11:59 pm P.T.
"Active Account" is defined as having an account balance of any amount larger than $0.01 at the time of entry.
"Entrant" is defined as any eligible Participant who completes an entry by hitting the "SUBMIT" button after completing information.
"Promotion" is defined as the National Retirement Security Week campaign which allows qualified Participants to submit an entry.
"Promotion website" is defined as the website at myLA457.com.
“Eligible Participants” are defined as Deferred Compensation Plan Participants who are enrolled in the Plan by October 27, 2018 at 11:59 pm PT.
Anyone may play the “Name That Year!” game. However, only Eligible Participants (as defined above) of the Plan with an Active Account are eligible to enter themselves into a random gift card drawing upon completion of the game. Only one entry per participant is permissible.
Entry period begins starting 12:01 am Pacific Time (PT) on October 21, 2018 and will end at 11:59 pm Pacific Time (PT) on October 27, 2018.
Prizes and Odds of Winning
25 Target gift cards of up to $200 in value will be awarded. As of September 30, 2018 there are 47,167 Eligible Participants. The actual chance in winning a Target gift card is subject to the number of Entrants. All Eligible Participants that enter themselves into the drawing have an equal opportunity to win a Target gift card. The actual number of correct or incorrect answers does not determine eligibility.
Winning entrants will be contacted via the contact information provided at the end of the “Name That Year!” game. Entrants that Plan staff are unable to reach via their personal contact information provided will be disqualified and the award will be given to another entrant. Prizes must be claimed by March 31, 2019.
How Do I Become an Eligible Participant?
If you are already enrolled in the Plan you are eligible to participate. New enrollees and first time visitors to the LA457.com website can click on the “Register now” link on the left side of the page to get started. If you’ve lost your login information or need additional help to log into or create a new account, you may click on the “Need Help?” link or call our local Voya Financial representatives at 213-978-1601. The local representatives are also available for in-person meetings at City Hall, Room 867, from 8:00 a.m. to 4:00 p.m.
Award Selection Process
During the week of November 5, 2018, Plan staff will first confirm the final number of eligible Entrants. Entries will be cross referenced for meeting eligibility requirements, as outlined above, prior to establishing the final count of entrants.
The final set of confirmed Entrants will be randomly sorted or assigned a random identification number based on the total number of final Entrants. A separate staff member will create a random list based on the total number of Entrants. The winners will be selected by using a random number generator based on the total entries (similar to the method used in http://www.randomnumbergenerator.intemodino.com/en/) or in a similar method available to staff.
Winners of the random drawing will be notified by email during the week of November 19, 2018. Winners will be told of the options available to claim their prize. A signature of receipt of delivery will be required for all winners. Gift card may be considered taxable compensation.
To the maximum extent permitted by law, Entrant indemnifies and agrees to keep indemnified the Plan at all times from and against any liability, claims, demands, losses, damages, costs and expenses resulting from any act, default or omission of the Entrant in participating in this promotion. To the maximum extent permitted by law, Entrant agrees to defend, indemnify and hold harmless the Plan from and against any and all claims, actions, suits or proceedings, as well as any and all losses, liabilities, damages, costs and expenses (including reasonable attorney’s fees) arising out of or accruing from: (a) any malfunction or other problem with the Promotion in relation to the entry and participation in the Promotion by Entrant; (b) any error in the collection, processing, or retention of entries or Entrant information in relation to the entry and participation in the Promotion by Entrant; or (c) any typographical or other error in the offering or announcement of any prize or winners in relation to the entry and participation in the Promotion.
Right to Cancel, Modify, or Disqualify
If for any reason the drawing is not capable of taking place as planned, including but not limited to infection by computer virus, unauthorized intrusion or infiltration by computer hacker, fraud, technical failures, or any other causes (either perceived or genuine) which corrupts or affects the administration, security, fairness, integrity, or proper conduct of the drawing, the Plan reserves the right at its sole discretion to cancel, terminate, modify or suspend the drawing. The Plan further reserves the right to disqualify any Entrant if it reasonably believes that the Entrant has attempted to undermine the legitimate operation of the Promotion by cheating, deceiving, or participating in any other unfair practices, or if he/she annoys, abuses, threatens or harasses any other Entrants.
Anyone may request a list of the winners by submitting a specific request in writing on or after November 19, 2018 via email to email@example.com.
Important Information/Resources for Active Employees Not Currently Enrolled In The Plan
The Deferred Compensation Plan is a voluntary, supplemental retirement savings option for setting aside income on a tax-advantaged basis and investing it towards your retirement.
Creating and maintaining retirement income security (100% replacement of your working income upon retirement) can be achieved through a combination of your retirement/pension plan and participating in the Deferred Compensation Plan. The most effective participation strategies include joining early in your City career, contributing 5-10% of pay, and gradually taking distributions from your account in retirement.