The Investment Policies serve as an instruction manual, risk
management program, historical record, and enforcer of reasoned
investment decision making. They also provide
the tools to evaluate investment decisions.
The Board of Fire and Police Pension Commissioners is the
governing body of the LAFPP System. Its duties include the
control and oversight of the investments that generate the
returns, providing the largest portion of money for benefits. To
perform this function, the Board utilizes the Investment
Policies.
All policies and changes are approved by the Board of Fire and
Police Pension Commissioners.
