(a) Departments of the City. The following pension and retirement system departments, created in Section 500, are included within this Article:
Fire and Police Pension System
Los Angeles City Employees’ Retirement System (LACERS)
(b) Plan Created. The following retirement system is created within the Department of Water and Power and included within this Article:
Water and Power Employees’ Retirement Plan (WPERP)
(c) Boards Created. Each of the pension and retirement system departments or plans set forth in subsections (a) and (b) shall be under the management and control of a board of commissioners. The boards shall have these names:
Board of Fire and Police Pension Commissioners
Board of Administration of the Los Angeles City Employees’ Retirement System
Board of Administration of the Water and Power Employees’ Retirement Plan