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The <a href="https://content.lafpp.com/wp-content/uploads/2023/06/lafpp-2015ar-12816-web.pdf" target="_blank" rel="noreferrer noopener">2015 Annual Report </a>for Los Angeles Fire and Police Pensions is now available online!



As of June 30, 2015, the System’s assets totaled over $18.72 billion, while serving over 25,000 members, including 11,709 active members, 1,359 DROP members and 12,593 retired members and beneficiaries. The System’s pension benefits are actuarially funded at 91.5 percent and health subsidy benefits are funded at 45.4 percent. The combined funding status is now 85 percent. It is important to note that LAFPP has been pre-funding health subsidy benefits since 1989, and is one of the few public pension systems to do so.



The System is focused on achieving a 7.5 percent return over the long-term with the understanding that there are market fluctuations from year-to-year. The investment rate of return for Fiscal Year 2014-15 was 4.15 percent, less than our actuarial assumed rate of 7.5 percent. &nbsp;However, over both the 3- and 5-year periods the System’s average return was 11.53%.&nbsp; The System continues to work with our consultants to manage market volatility by investing in a variety of asset classes.



Our accomplishments throughout the past Fiscal Year include securing a new Headquarters Facility. We will be open for business in our new headquarters on March 21, 2016. In addition, the pension administration system replacement project is well underway.&nbsp; We look forward to increasing our operational efficiency and the additional functionality we can provide to members.&nbsp; All of these achievements ultimately support our mission –&nbsp;to advance the health and retirement security of those who dedicate their careers and risk their lives to protect the people of Los Angeles.



In addition to this report, our historical annual reports, actuarial valuations and financial statements are available in the&nbsp;<a href="https://www.lafpp.com/financial-reports">Financial Reports</a>&nbsp;section.

2015 Annual Report

May 2025

April 2025

March 2025

February 2025

September 2025

January 2025

August 2025

July 2025

June 2025

December 2025

November 2025

October 2025

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