Home Top Stories
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.
December 2021 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 December 31, 2021 in MyLAFPP. This statement summarizes your individual DROP account balance, monthly pension deposits, ITD (inception-to-date) interest, and mandatory exit date.
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.
2022 Non-Medicare Subsidy Increase
The new approved amount for the non-Medicare health subsidy maximum is $2,046.97 per month, effective July 1, 2022.
2021 Active Member Annual Statements
Available in MyLAFPP!
Active members! View your 2021 Annual Member Statement in MyLAFPP.
View and/or print your 2021 Annual Statement online. This statement summarizes your individual pension-related information as of December 31, 2021, including service credit, pension estimates (if eligible to retire), contributions and interest, spouse or domestic partner information, and beneficiary designation.
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.
March 2022 Active/DROP Newsletter Is Now Available!
We invite you to read our newsletter filled with announcements and benefit topics including our Enhanced Services, Virtual Webinars, and 2021 Annual Report.
LAFPP’S 2021 ANNUAL REPORT IS NOW AVAILABLE!
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, 2021.
2021 Tax Form 1099-R Now Available on MyLAFPP
The 2021 Form 1099-R is now available for retired members and beneficiaries on MyLAFPP. It is the easiest and fastest way to view and print your tax statement without waiting for delivery to your mailing address.
MEDICARE PART B PREMIUM REIMBURSEMENT FOR 2022
SPECIAL NOTICE: This article only applies to Retired Members and Qualified Surviving Spouses/Domestic Partners of the Los Angeles Fire & Police Pension Plan.
The Centers for Medicare and Medicaid Services (CMS) has increased the standard Medicare Part B monthly premium to $170.10 effective January 1, 2022; however, you may pay a different amount determined by CMS.
December 2021 Retired/DROP Newsletter
- 2022 Health and Dental Subsidy Updates
- Medicare Part B Reimbursement
- Medicare Enrollment Requirement for Subsidy
- Tax Season – Form 1099-R Information
- New IRS Tax Withholding Form W-4P for 2022
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!
2021 Valuation Reports Approved
Good news! Based on the actuarial report for the period ending June 30, 2021, the combined funded ratio for pension and health benefits is 92.5%, up from 88.6% the previous year. The favorable results indicate that the Plan remains strong despite another volatile year marked by the continuing COVID-19 pandemic.
Temporary Suspension of In-Person Appointments – UPDATE
For the safety of our members and staff, LAFPP’s offices will be closed to visitors until further notice. We recommend that you continue to check our website for the latest updates on the status of our in-person operations.
Termination of Active Service
Terminating employment with the City does not always mean a total loss of your contributions. Read more to learn about your options.
LAFPP ANNUAL RETURN
LAFPP is reporting a return of 32.56% for the fiscal year ending June 30, 2021, with assets totaling over $30.7 Billion.