The next meeting of the Board of Fire and Police Pension Commissioners will be held on Thursday, July 2 at 8:30 am. However, due to the COVID-19 pandemic it will continue to be held under the following conditions.
As a member of LAFPP, it is important that you understand the impact a dissolution of marriage may have on one of your largest assets – your pension. In California, any asset acquired, or income earned while married is considered community property. As part of this, pension benefits and contributions are subject to community property laws and, as assets, may be subject to division upon dissolution of marriage.
Our response to Members who are concerned regarding the financial strength of the LAFPP fund in light of the COVID-19 pandemic.
On May 21, 2020, the Board of Fire and Police Pension Commissioners approved the Plan actuary’s recommendation to lower the investment return assumption from 7.25% to 7.00%. This action will help ensure the long-term viability of the Plan to properly fund the benefits for members.
- We are Monitoring Your LAFPP Fund
- 2020 COLA is 3.4%
- 2020 Non-Medicare Subsidy Increase
- 2019 Annual Report
Congratulations, Commissioner Buzzell!
Commissioner Buzzell received 97.04% of the vote and will serve the term of office from July 1, 2020 until June 30, 2025.