DROP Participants who are exiting, there is now a new feature available to you!
You now have the option to have your funds rollover via wire transfer, for a minimal fee (currently $35 per wire transfer).
Active members! View your 2020 Annual Member Statement in MyLAFPP.
View and/or print your 2020 Annual Statement online. This statement summarizes your individual pension-related information as of December 31, 2020, including service credit, pension estimates (if eligible to retire), contributions and interest, spouse or domestic partner information, and beneficiary designation.
After an exhaustive search for a new Chief Investment Officer (CIO) by Korn Ferry, General Manager Ray Ciranna is excited to welcome Ray Joseph as the new CIO replacing Tom Lopez, who is retiring after over 40 years with LAFPP.
The City of Los Angeles Retirement Incentive Pay (RIP) is a program developed by the City and sworn labor unions to allow sworn employees who are retiring or entering DROP to include deferred salary increases as part of their pension benefit calculation or to apply toward their accrued leave (sick/vacation/overtime) payout at the time of retirement.
LAFPP’s assets under management now exceed $30 billion. This turnaround is remarkable given the market volatility over the past year. As of June 1, 2021, the unaudited market value of the fund is over $30 billion, which is up from $22.5 billion just one year ago.
Help us shape the future of LAFPP services by filling out our survey!