Board News
Election of 2023-2024 Board Officers
Each year in July, the Board of Fire and Police Pension Commissioners elects its Officers of the Board to serve one-year terms. On July 20, 2023, the Board elected Sumi Parekh as President and Garrett Zimmon as Vice President.
Commissioner Raul Perez Re-Appointed to the Board
Effective July 1, 2023, Commissioner Raul Perez was re-appointed by Mayor Karen Bass and confirmed by the City Council to serve a new five-year term ending June 30, 2028.
Commissioner Raul Perez Appointed to the Board
Effective May 2, 2023, Raul Perez was appointed by Mayor Karen Bass and confirmed by the City Council to serve the remaining term ending June 30, 2023, for the seat vacated by former Commissioner Megan M. Hernandez.
LAFPP Board Appoints General Manager – Joseph Salazar
03/24/2023 UPDATE: LAFPP is pleased to announce that Joseph Salazar’s appointment as General Manager has been confirmed by the City Council and Mayor. He now begins his official tenure as the General Manager of the Los Angeles Fire and Police Pensions Department.
Economic Downturn and Your Pension Plan
The current economic conditions continue to negatively impact retirement funds across the nation. A decline in consumer sentiment, rising interest rates, and lower-than-expected retail sales are weighing on the markets.
LAFPP Begins Search for New General Manager
The Los Angeles Fire and Police Pensions (LAFPP or “Fund”) is seeking their next General Manager. The General Manager serves as the chief administrative officer of the Fund. Under the direction of the Board of Commissioners, the General Manager directs the daily internal operations and benefits administration of LAFPP.
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.
Election Results – Fire Department Employee Member Board of Fire and Police Pension Commissioners
LAFPP welcomes Rigo Arellano, the Fire Department Employee Member-elect, to the Board of Fire and Police Pension Commissioners! Mr. Arellano will be sworn-in during June 2022 to fulfill his fiduciary responsibilities as a Board member beginning July 1, 2022.
Ballot Mailing – Election – Fire Department Employee Member Board of Fire and Police Pension Commissioners
Ballots have been mailed to eligible voters on March 31, 2022.
Election – Board of Fire and Police Pension Commissioners Fire Department Employee Member
An Election to select the Fire Department Employee Member of the Board of Fire and Police Pension Commissioners (Board) is scheduled on April 19, 2022. The candidate elected will serve the term beginning July 1, 2022 and ending June 30, 2027.
Special Election Results – Police Department Employee Member Board of Fire and Police Pension Commissioners
LAFPP welcomes Brian J. Churchill, the Police Department Employee Member-elect, to the Board of Fire and Police Pension Commissioners!
Ballot Mailing – Special Election – Police Department Employee Member Board of Fire and Police Pension Commissioners
Ballots will be mailed to eligible voters beginning on Tuesday, October 26, 2021.
Special Election – Board of Fire and Police Pension Commissioners Police Department Employee Member
A Special Election to select the Police Department Employee Member of the Board of Fire and Police Pension Commissioners (Board) is scheduled on November 16, 2021. The candidate elected will serve the unexpired term beginning February 1, 2022 and ending June 30, 2025.
Commissioner Sumi Parekh Appointed to the Board
Effective September 14, 2021, Sumi Parekh was appointed to the Board of Fire and Police Pension Commissioners.
Election of the 2021-22 Board Officers
Each year in July, the Board of Fire and Police Pension Commissioners elects its Officers of the Board to serve one-year terms. On June 3, 2021, the Board authorized a one-time waiver of its Governance Policies that limit the current President and Vice President from serving more than one term consecutively. On July 15, 2021, the Board re-elected Brian Pendleton as President and Kenneth E. Buzzell as Vice President.
Commissioner Belinda Vega Re-Appointed to the Board
Effective July 1, 2021, Commissioner Belinda M. Vega was re-appointed by Mayor Eric Garcetti and confirmed by the City Council to serve a new five-year term ending June 30, 2026.
Election of 2020-2021 Board Officers
Each year in July, the Board of Fire and Police Pension Commissioners elects its Officers of the Board to serve one-year terms. On July 16, 2020, the Board elected Brian Pendleton as President and Ken Buzzell as Vice President.
Commissioner Adam Nathanson Re-Appointed to the Board
Effective July 1, 2020, Commissioner Adam Nathanson was re-appointed by Mayor Eric Garcetti and confirmed by the City Council to serve a new five-year term ending June 30, 2025.
Board Adopts 7.00% Rate of Return
On May 21, 2020, the Board of Fire and Police Pension Commissioners approved the Plan actuary’s recommendation to lower the investment return assumption from 7.25% to 7.00%. This action will help ensure the long-term viability of the Plan to properly fund the benefits for members.