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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.

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New CIO Announcement

CIO Bryan Fujita

After an extensive search for a new Chief Investment Officer (CIO) by EFL Associates, General Manager Joseph Salazar selected Bryan Fujita as the new CIO.

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LAFPP’s Ongoing Commitment to Cyber Security

LAFPP remains focused and committed to keeping member data/information safe and secure. As more and more members conduct business online, we recognize the increased need to manage cybersecurity risks and have adopted a strategic cybersecurity initiative to mitigate those risks.

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June 2023 Active/DROP Newsletter Is Now Available!

We invite you to read our newsletter filled with announcements and benefit topics including LAFPP’s 2022 Annual Report, Tier 6 FAQs Brochure – Understanding Your Pension, 2022 Active Member Statements, and more.

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LAFPP Board Appoints General Manager – Joseph Salazar

Announcement

03/24/2023 UPDATELAFPP 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. 

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2022 Active Member Annual Statements
Available in MyLAFPP!

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Active members! View your 2022 Annual Member Statement in MyLAFPP.

View and/or print your 2022 Annual Statement online. This statement summarizes your individual pension-related information as of December 31, 2022, including service credit, pension estimates (if eligible to retire), contributions and interest, spouse or domestic partner information, and beneficiary designation.

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LAFPP Celebrates Women’s History Month

To commemorate this month we would like to spotlight Hueman, LAFPP’s mural artist, with a tribute to her and her murals from the last 10 years that can be found in and around Los Angeles.

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LAFPP’S 2022 ANNUAL REPORT IS NOW AVAILABLE!

LAFPP is pleased to present our 2022 Annual Report. This report provides financial information, such as the department’s budget summary, investment performance, asset allocation data, plan actuarial data, statistical information, and a summary of plan provisions for the fiscal year ending June 30, 2022.

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New Form W-4P for Federal Tax Withholding in 2023

In January 2022, the Internal Revenue Service (IRS) released Forms W-4P and W-4R. Use of the new forms was optional for tax year 2022 but LAFPP is required to use them beginning January 1, 2023. Click Read More to see how it may affect you. 

Article Retired Members

MEDICARE PART B PREMIUM REIMBURSEMENT FOR 2023

SPECIAL NOTICE: This article only applies to eligible retired members of Los Angeles Fire and Police Pensions and respective Qualified Surviving Spouses/Domestic Partners.

The Centers for Medicare and Medicaid Services (CMS) has decreased the standard Medicare Part B monthly premium to $164.90 effective January 1, 2023; however, you may pay a different amount determined by CMS.

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2022 Valuation Reports Approved

Based on the actuarial report for the period ending June 30, 2022, the combined funded ratio for pension and health benefits is 95.0%, up from 92.5% the previous year. The overall unfunded liabilities have decreased from $2.1 billion to $1.5 billion.