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2022 Active Member Annual Statements
Available in MyLAFPP!
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.
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.
February 2023 Active/DROP Newsletter Is Now Available!
We invite you to read our newsletter filled with announcements and benefit topics including LAFPP Services Update, 2022 Valuation Report Approved, How to Enroll in DROP and Beneficiary Designation.
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.
TAX SEASON – 1099-R INFORMATION
As you prepare to file your taxes, here’s how to obtain your 2022 Tax Form 1099-R information
LAFPP Board Appoints General Manager – Joseph Salazar
On January 19, 2023, the Board of Fire and Police Pension Commissioners announced the selection of Joe Salazar as the permanent General Manager, following a nationwide executive recruitment process which began in June 2022.
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.
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.
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.
December 2022 Retired/DROP Newsletter
Retired/DROP Members - December 2022 Newsletter
- 2023 Health & Dental Subsidy Updates
- Medicare Enrollment Requirement for Subsidy
- New IRS Tax Withholding Form W-4P for 2023
- Tax Season – Form 1099-R Information
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.
Health RFP – Information for All Pensioners
RFP's for Retiree Health, Dental, and Vision Plans
Article Last Updated on 10/20/22. Click “Read More” to view the latest information.
On October 20, 2022, the Board approved a recommendation from the Ad Hoc Committee on Retiree Healthcare Program to find that conducting a competitive bidding process for retiree health, dental, and vision insurance plans and/or third-party administrator services is impractical and/or undesirable.
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.
June 2022 DROP Semi-Annual Statements – Now Available in MyLAFPP!
DROP Participants! View your DROP Semi-Annual Statements in MyLAFPP.
You may now view and/or print your DROP Semi-Annual Statement for the period ending June 30, 2022 in MyLAFPP. This statement summarizes your individual DROP account balance, monthly pension deposits, ITD (inception-to-date) interest, and mandatory exit date.
LAFPP Management Audit – 2022
The results of the management audit of the Los Angeles Fire and Police Pension Plan were presented to the Board on August 18, 2022, as mandated by Section 1112 of the City Charter.
July 2022 Active/DROP Newsletter Is Now Available!
We invite you to read our newsletter filled with announcements and benefit topics including your 2021 Active Member Statements, December 2021 DROP Semi-Annual Statements and Virtual Webinars.
June 2022 Retired/DROP Newsletter
- 2022 Non-Medicare Health Subsidy Increase
- 2022 Cost Of Living Adjustment Is 7.4%
- LAFPP Quarterly Review
- 2021 Annual Report
General Manager Announces Retirement
Ray Ciranna, General Manager of Los Angeles Fire and Police Pensions (LAFPP), announced his intent to retire in September 2022 to the Board of Commissioners and staff. He has served as General Manager of LAFPP since May 2013.