Home Top Stories
Board Meeting Access – Special Dial-in Information
October 5, 2023
October 5, 2023 Agenda - Meeting CANCELLED
The next meeting of the Board of Fire and Police Pension Commissioners on Thursday, October 5, 2023 is CANCELLED. The next regular meeting is scheduled for Thursday, October 19, 2023 at 8:30AM.
Please read the “Important Message to the Public” at the beginning of the Agenda for current meeting attendance options and requirements.
AUGUST 2023 Active/DROP Newsletter Is Now Available!
We invite you to read our newsletter filled with announcements and benefit topics including our new Chief Investment Officer, Termination of Active Service, 2023 Cost of Living Adjustment for DROP participants, and more.
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.
New CIO Announcement
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.
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.
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.
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.
2023 Non-Medicare Health Subsidy Increase
The new approved amount for the non-Medicare health subsidy maximum is $2,169.79 per month, effective July 1, 2023.
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.
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
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.
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.