Fairview Capital and Los Angeles Fire & Police Pensions (LAFPP) held a successful inaugural “Investing in Inclusion” webinar
Fairview Capital and Los Angeles Fire & Police Pensions (LAFPP) held a successful inaugural “Investing in Inclusion” event that occurred on November 17, 2020.This event was attended by over 250 diverse general partners, limited partners, and others interested in learning more about LAFPP’s Specialized Manager Program and potential opportunities for fundraising and institutional investing.
Good news! Based on the actuarial report for the period ending June 30, 2020, the combined funded ratio for pension and health benefits is 88.6%, up slightly from 88.5% the previous year. This marks the third consecutive year that the combined funded ratio has increased for the System. Even though the pension benefit funded ratio is now 93.2%, down from 93.6%, the health benefit funded ratio increased from 56.2% to 59.7%. The favorable results indicate that the Plan remains strong despite a volatile year marked by the COVID-19 pandemic.
The next meeting of the Board of Fire and Police Pension Commissioners will be held on Thursday, December 03 at 8:30 am. However, due to the COVID-19 pandemic it will continue to be held under the following conditions.
- Anticipated Changes to LAFPP Operations When Our Offices Reopen
- How to Request a Pension Verification Letter
- New MyLAFPP Helpdesk
- Recent Changes to Survivor Pension Process
LAFPP is reporting a return of 3.04% for the fiscal year ending June 30, 2020, as assets totaled over $23.5 billion at the year-end.
Tier 6 members, we have something NEW for you!
We created an easy-to-navigate web page to walk you through your pension benefits.