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Election Results – Fire Department Retired Member Board of Fire and Police Pension Commissioners
Congratulations, Commissioner Buzzell!
Commissioner Buzzell received 97.04% of the vote and will serve the term of office from July 1, 2020 until June 30, 2025.
April 2020
- 2019 Annual Report
- Quarterly Review
- 2019 Annual Active Member Statements
- The importance of a Power of Attorney
Election Results – Police Department Employee Member Board of Fire and Police Pension Commissioners
Congratulations Commissioner Weber!
Commissioner Weber received 74.26% of the vote and will serve the term of office from July 1, 2020 until June 30, 2025.
LAFPP Offices Are Closed Temporarily
In accordance with Governor Newsom’s Executive Order N-33-20 (Stay at Home Order) and Mayor Garcetti’s “Safer At Home” Emergency Order, our offices will be closed to all visitors until further notice and only essential services will continue as follows:
We are monitoring your LAFPP Fund
Financial markets across the world have been hit hard by the coronavirus outbreak, with stocks suffering the largest losses. Your pension fund invests in a variety of other assets besides stocks that help cushion the fund against fluctuations in stock prices. The fund has plenty of cash on hand to meet pension and DROP payments without the need to sell any securities in this down market.
2019 Annual Report
LAFPP is pleased to present the 2019 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, 2019.
Retiree Form 1099-R – UPDATE and FAQs
Updated: February 28, 2020
All 1099-R tax forms have been posted to MyLAFPP for viewing and downloading. Read more on how to access your 1099-R on MyLAFPP.
Ballot Mailing – Police Department Employee Member Board of Fire and Police Pension Commissioners
Ballots will be mailed to eligible voters beginning on Friday, February 21, 2020.
TAX SEASON – 1099-R INFORMATION
As you prepare to file your taxes, here’s how to obtain your 2019 Tax Form 1099-R information
TAX WITHHOLDING TABLES FOR 2020
Federal and CA state income tax withholding tables were updated for the 2020 tax year. Starting with the January 31, 2020 pension payment, you may see a change in your taxes withheld.
LAFPP NEW OFFICE HOURS!
As of January 1, 2020, our new business hours are 7:30 a.m. to 4:30 p.m., Monday through Friday, excluding City holidays.
MEDICARE PART B PREMIUM REIMBURSEMENT FOR 2020
The Centers for Medicare and Medicaid Services (CMS) has recently announced that the standard Part B monthly premium for the 2020 calendar year will increase to $144.60 on January 1, 2020.
December 2019
- New LAFPP Business Hours
- 2020 Health and Dental Subsidy Updates
- Tax Season – Form 1099-R
- Medicare Enrollment Requirement for Subsidy
- Medicare Part B Reimbursement
ELECTION – FIRE DEPARTMENT RETIRED MEMBER BOARD OF FIRE AND POLICE PENSION COMMISSIONERS
The current term for the Fire Department Retired Member of the Board of Fire and Police Pension Commissioners will end on June 30, 2020. The Office of the City Clerk, in conjunction with the Department of Fire and Police Pensions, is scheduled to conduct an Election on Tuesday, March 31, 2020, to fill that position. All retired, sworn members of the Fire Department are encouraged to participate. The candidate elected will serve a five-year term that begins July 1, 2020 and ends June 30, 2025.
ELECTION – POLICE DEPARTMENT EMPLOYEE MEMBER BOARD OF FIRE AND POLICE PENSION COMMISSIONERS
The current term for the Police Department Employee Member of the Board of Fire and Police Pension Commissioners will end on June 30, 2020. The Office of the City Clerk, in conjunction with the Department of Fire and Police Pensions, is scheduled to conduct an Election on Tuesday, March 17, 2020, to fill that position. All active, sworn members of the Police Department are encouraged to participate. The candidate elected will serve a five-year term that begins July 1, 2020 and ends June 30, 2025.
LAFPP Contract with Fisher Asset Management
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.
October 2019
- DROP Semi-Annual Statements
- 2018 Annual Active Member Statements
- Customer Service Efficiency
- Board Elects New Officers
- Farewell Commissioner George Aliano
Direct Deposit Transition
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: