We are monitoring your LAFPP Fund
Financial markets across the world have been hit hard by the coronavirus outbreak, with stocks suffering the largest losses. Your pension fund invests in a variety of other assets besides stocks that help cushion the fund against fluctuations in stock prices. The fund has plenty of cash on hand to meet pension and DROP payments without the need to sell any securities in this down market.
The Fund invests for the long term with a strategic asset allocation plan and makes adjustments on an ongoing basis. This strategic approach has been proven to be the best safeguard to ensure the continued strength of LAFPP to pay your retirement benefits.