The Investments Division is responsible for implementing the Pension Fund's investment program.
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The City’s Deferred Compensation Plan is moving to Voya!
Voya becomes the new record-keeper/administrator for the City’s Deferred Compensation Plan effective October 2, 2017 (replacing Empower Retirement).
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2017 COLA
The Cost of Living Adjustment (COLA) effective July 1, 2017 is +2.7% for all eligible pensioners.
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Board Adopts 7.25% Rate of Return
On June 1, 2017, the Board of Fire and Police Pension Commissioners approved the Plan actuary's recommendation to lower the investment return assumption from 7.50% to 7.25%. This action will help ensure the long-term viability of the Plan to properly fund the benefits for members.
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Alternative Medical, Dental, and Vision Plan Options
Update: On July 6, 2017, the Board of Fire and Police Pension Commissioners (Board) approved a selection of health plan options for the small group of retirees who will not have access to LACERS plans beginning in 2018.
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Non-Medicare Subsidy Increase
Update: The Board approved a six percent increase to the non-Medicare health subsidy.
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Election of 2017-2018 Board Officers
On July 20, 2017, the Board elected Commissioners Ruben Navarro and Corinne Babcock as the new President and Vice President, respectively.
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Commissioner Pedram Salimpour, MD Re-Appointed to the Board
On July 26, 2017, the City Council confirmed Mayor Garcetti's reappointment of Pedram Salimpour, MD to the Board of Fire and Police Pension Commissioners (Board) for a second term beginning July 1, 2017 through June 30, 2022.
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Special Election Fire Department Retired Member Board of Fire and Police Pension Commisssioners
A Special Election is scheduled for Tuesday, September 19, 2017, to fill the position of Fire Department Retired Member of the Board of Fire and Police Pension Commissioners.
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LAFPP Hits $21 Billion
For the first time in LAFPP history, the Fund’s total assets reached an unaudited market value in excess of $21 billion dollars as of July 18, 2017.
Investments
MyLAFPP
Access MyLAFPP to view your information and generate benefit estimates.
Go Green!Upcoming Events
Special Board Meeting
September 20, 2017 - 08:30
Board of Fire and Police Pension Commissioners Meeting
October 5, 2017 - 08:30
Board of Fire and Police Pension Commissioners Meeting
October 19, 2017 - 08:30
