OCTOBER 2022 ACTIVE/DROP NEWSLETTER
GENERAL MANAGER’S MESSAGE
WELCOME TO THE FALL 2022 EDITION OF PENSION PERSPECTIVES.
Let me begin by saying I am truly grateful for the opportunity to serve as Interim General Manager of Los Angeles Fire and Police Pensions. I have dedicated the last 14 years to overseeing member services, most recently as Assistant General Manager. I am excited to lead our amazing staff during this period and look forward to continuing to serve our valued members.
On behalf of the staff, I would also like to acknowledge the dedication and sacrifices all of you, our members, have made in your service to the City during these challenging times. We look forward to providing excellent service to you. If you have any questions or comments, please contact us at (213) 279-3000 or via email at pensions@lafpp.com.
I am truly grateful for the opportunity
Respectfully,
Joe Salazar
Interim General Manager
LAFPP BOARD APPOINTS INTERIM GENERAL MANAGER - JOSEPH SALAZAR
Earlier this year, LAFPP General Manager Ray Ciranna announced his intent to retire at the end of September 2022. To ensure a seamless transition of leadership for the Department, the Board appointed Joseph (“Joe”) Salazar as the Interim General Manager, effective September 25, 2022. Click here to read more.
LAFPP MANAGEMENT AUDIT – 2022
The mandatory City management audit of the Los Angeles Fire and Police Pension Plan was presented to the Board by Aon Investments USA Inc. (Aon). Click here to read more.
JUNE 2022 DROP SEMI-ANNUAL STATEMENTS – NOW AVAILABLE
You may now view and/or print your DROP Semi-Annual Statement for the period ending June 30, 2022, through your MyLAFPP account. Click here to read more.
FINANCIAL PLANNING WEBINARS AVAILABLE
Attend one of our Financial Planning Webinars to help prepare for retirement and assist with your overall financial plan. A financial educator, overseen by LAFPP, will moderate and host these sessions. View the upcoming schedule to sign up now!
FREE PRE-RETIREMENT WEBINARS
Learn about pension benefits for yourself and your survivor. These webinars are designed to educate our members about Service Retirement, Disability Retirement, the DROP Program, and Survivor Benefits. View webinar schedule and register through your MyLAFPP account.
DEPENDENT CHILD BENEFITS
A disabled child may be eligible for “Dependent Child” survivor pension benefits after the member’s death. Click here for more information and a list of documents required to confirm eligibility.
BOARD OF FIRE AND POLICE PENSION COMMISSIONERS NEWS
LAFPP BOARD MEETINGS
The Board of Fire and Police Pension Commissioners will continue to meet as scheduled. However, given the evolving City and County COVID-19 safety protocols, please review the respective Board Meeting Agenda for the most current information.
BOARD OF FIRE AND POLICE PENSION COMMISSIONERS ELECTS NEW OFFICERS
Each year in July, the Board elects its Officers of the Board to serve one-year terms. On July 21, 2022, the Board elected Commissioner Kenneth E. Buzzell and Commissioner Sumi Parekh as President and Vice President, respectively.
COMMISSIONER WILLIAM CHUN APPOINTED TO THE BOARD OF FIRE AND POLICE PENSION COMMISSIONERS
On July 1, 2022, William Chun was appointed member of the Board by Mayor Eric Garcetti and confirmed by the City Council, for the term ending June 30, 2027. Commissioner Chun fills the seat vacated by former Commissioner Pedram Salimpour, MD.
In every edition of the newsletter, we will include information to educate you on retirement benefits. In this edition, we’d like to educate you on Reciprocity. Watch the video to learn more, then visit our Pensions Toolkit Page for more tools and videos:
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