LAFPP Fund Status and Commitment
Daily, the news is focused on the COVID-19 pandemic, stock market volatility, the nation’s recession, and the protests for social justice changes. These issues are at the forefront of our lives and given the importance of each of these issues, we know that resolution will take time. However, we want to remind you that LAFPP continues our commitment to administer your pension benefits during these challenging times. Although we have implemented changes to our service delivery due to the COVID-19 crisis, we are still available to serve your pension-related needs.
You should also be assured that the Board and staff continually monitor your pension fund, which is invested for the long term. No matter the short-term market volatility, which is expected, there is a strategic asset allocation plan in place with ongoing adjustments to cope with these periodic fluctuations. This has proven to be the best safeguard to ensure the continued strength of LAFPP to pay retirement benefits since 1899.