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LAFPP is pleased to present our <a href="https://content.lafpp.lacity.gov/wp-content/uploads/2026/02/LAFPP_Annual-Report-2025_web.pdf">2</a><a href="https://lafpp.lacity.gov/about/annual-report-2025/index.html?page=1">025 Annual Report</a>. This report provides financial information, such as the department’s budget summary, investment portfolio performance, asset allocation, plan actuarial data, statistical information, and a summary of plan provisions for the fiscal year ending June 30, 2025.



Some of the highlights in this year’s report include:



<ul>
<li>The Plan serves nearly 27,000&nbsp;active and retired public safety members and their beneficiaries.</li>



<li>The Plan achieved a historic milestone by becoming fully funded for pension benefits at 100.5%, the first time since 2004. Health benefits funding also remains strong at 78.1%.</li>



<li>Plan assets grew to $34 billion, an increase of nearly $3 billion over the prior fiscal year.</li>
</ul>







LAFPP continues to evolve as an organization as we strive to provide a secure and prosperous future for our members. The Board and staff are committed to efficient administration and&nbsp;prudent investment strategies to grow and protect Plan assets over the long-term.



In addition to this report, our historical annual reports, actuarial valuations, and financial statements are available&nbsp;on the&nbsp;<a href="https://lafpp.lacity.gov/about/inside-lafpp/financial-reports">Financial Reports</a>&nbsp;page of our website.

LAFPP’S 2025 ANNUAL REPORT IS NOW AVAILABLE

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LAFPP’S 2025 ANNUAL REPORT IS NOW AVAILABLE

LAFPP’S 2025 ANNUAL REPORT IS NOW AVAILABLE

February 25, 2026