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NEW LOOK



Your January 31, 2019 pension payment was processed from PARIS, our new pension administration system, which we &nbsp;announced to our members in December.&nbsp; Your monthly pension check or direct deposit advice for January 2019 will have a new look and will provide more information about pension earnings and deductions.



On the new pension payment check/direct deposit advice you will notice the following improvements:



<ul>
<li>The earnings, deductions, and&nbsp;adjustments are clearly separated to make the information easier to understand.</li>



<li>Medical/dental deductions reflect the “out of pocket” costs paid by you after your subsidy has been applied.
<ul>
<li>The entire premium amount is not displayed.&nbsp; To calculate your medical or dental premium, simply add the “out of pocket” deduction to the subsidy amount displayed in the new&nbsp;Subsidies Paid by LAFPP&nbsp;box.</li>
</ul>
</li>
</ul>



New additions include:



<ul>
<li>A Subsidy Box
<ul>
<li>Displays the subsidy amount(s) paid by LAFPP</li>



<li>The subsidy amount(s) listed does not increase the member’s&nbsp;pension amount, it is&nbsp;listed for informational purposes only.&nbsp;&nbsp;</li>
</ul>
</li>



<li>A Summary Table
<ul>
<li>&nbsp;Totals your deductions and adjustments, then adds/subtracts from the gross amount to provide the net payment amount.</li>
</ul>
</li>



<li>A reminder for members receiving checks (not direct deposit) – The statement “Void after 180 days from payment date” can be found on the lower section of your check. &nbsp;Checks not cashed or deposited within 180 days will become “stale” and need to be re-issued by LAFPP.</li>
</ul>



We have provided a sample of both a pension check and pension advice for your reference.&nbsp; Please call the Retirement Services Section at (213) 279-3125 if you have any questions.



<a href="https://content.lafpp.com/wp-content/uploads/2023/06/sample_-_pension_payment_checks.pdf" target="_blank" rel="noreferrer noopener">Sample &#8211; Pension Payment Check</a>



<a href="https://content.lafpp.com/wp-content/uploads/2023/06/sample_-_pension_payment_direct_deposit.pdf" target="_blank" rel="noreferrer noopener">Sample &#8211; Pension Direct Deposit Advice</a>

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