You asked, we listened! Based on members’ feedback, we will be changing our business hours. Beginning January 1, 2020, our new business hours will be 7:30 a.m. to 4:30 p.m., Monday through Friday, excluding City holidays.
The Board of Fire and Police Pension Commissioners held a special hearing to determine the future of the Fund’s contract with Fisher Asset Management. After a lengthy and deliberative discussion, the Board voted to terminate its contract with Fisher for management of an international large cap equity portfolio.
LAFPP is currently working toward transitioning all of our pensioners from paper checks to direct deposit. 97% of our pensioners currently use direct deposit to safely and quickly receive their monthly pension payments.
Direct deposit provides the following benefits:
On May 2, 2019, the Board of Fire and Police Pension Commissioners approved a 5.5 percent increase to the non-Medicare health subsidy. The new non-Medicare health subsidy maximum is $1,820.29 per month, effective July 1, 2019.
The new MyLAFPP has officially been launched! Active, DROP and Retired Members plus beneficiaries have convenient access to personalized benefit information and services all in one pension administration system.
On June 20, 2019, George Aliano attended his last official meeting as Commissioner of the Board of Fire and Police Pensions (Board).
When you call our LAFPP offices, we now have a phone tree to get you to the service or information you need, quickly and efficiently.
You may now view and/or print your DROP Semi-Annual Statement for the period ending June 30, 2019, on MyLAFPP. This statement summarizes your individual DROP account balance, monthly pension deposits, ITD (inception-to-date) interest, and mandatory exit date. To view your statement, take the following steps:
You may now view and/or print your 2018 Annual Statement. This statement summarizes your individual pension-related information by providing employee information, service credit, pension estimates (if eligible to retire), contributions and interest, spouse or domestic partner information, and beneficiary designations as of December 31, 2018.