On July 17, 2014, the Board of Fire and Police Pension Commissioners approved the Plan actuary's recommendation to make an ad hoc adjustment to its actuarial funding policy for the recognition of deferred investment gains and losses.
Board Adopts 7.50% Rate of Return
On July 17, 2014 the Board of Fire and Police Pension Commissioners approved the Plan actuary's recommendation to lower the investment return assumption from 7.75% to 7.50%.
Election of Board Officers
On July 17, 2014, Belinda Vega was elected as the new President of the Board of Fire and Police Pension Commissioners.
May 2014 Active/DROP Newsletter
Will there be a Tier 6 transfer opportunity? You can find out the answer to this question and more in this latest Pension Perspectives newsletter for Active and DROP members!
With the recent discovery of the computer security bug named Heartbleed, LAFPP performed an assessment of its network and systems and have determined that there was no impact from the bug.
The COLA for 2014 is 0.5%. A Cost of Living Adjustment (COLA) is made to a pensioner's benefit to reflect annual changes in the cost of living and is calculated as a percentage of his/her current benefit.
2013 Annual Report
As of June 30, 2013, the System's assets grew to over $15.75 billion on a market basis, while serving over 25,650 members including 13,224 active and DROP members and 12,432 retired members and beneficiaries.
LAFPP.com has a new look and feel. Make sure you visit the Newsroom for all LAFPP news and information, the new investment page, and the new member home pages. Provide your feedback through the "How are we doing?" survey. Let us know what you think!