A new mural titled, “Bloom” will be painted by the artist Hueman on Neptune Building’s east-facing wall. The mural will commemorate Joel Bloom, a pioneering community activist who dedicated his personal time and energy over twenty years into creating the Arts District.
News & Highlights
Active members, log in to MyLAFPP to view and/or print your 2016 Annual Benefit Statement.
A new Rockefeller Institute pension model report on the Los Angeles Fire and Police Pension Plan (LAFPP) found that “LAFPP is much better funded than most public pension plans with a funded ratio of 91%” and is well positioned financially given the conservative amortization policies and contribut
LAFPP is pleased to present the 2016 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, 2016.
Update as of 3/15/17 - The Dallas Police and Fire Pension Board of Trustees (DPFP) released a statement that a revised DROP policy was adopted on January 17, 2017.
Based on the actuarial report for the period ending June 30, 2016, the pension benefit funded ratio has increased from 91.5% to 93.9%.
If you are currently eligible to receive a reimbursement for your Medicare Part B premium, you will need to provide LAFPP with documentation indicating how much you will pay for your Part B premium in 2017 in order for us to apply the correct reimbursement amount in your pension check.
Effective January 1, 2017, the maximum Medicare Health Subsidy will increase to $505.93, and the Dental Subsidy will increase to a maximum of $44.60.
LAFPP now offers on-site parking with validation for our LAFPP members conducting business with staff at our offices located at 701 E. 3rd Street.
Other parking options for LAFPP members.
Check here for the latest update as of June 30, 2016 for the Fry v. City of Los Angeles case concerning the City's ordinance freezing the retiree health subsidy benefit.
A Mural Proposal Meeting will be taking place on March 28, 2017 at 6:30 p.m., at LAFPP Headquarters, 701 E. 3rd Street, STE 400.
A general election to select the Fire Department Employee Member of the Board of Fire and Police Pension Commissioners (Board) is scheduled on Tuesday, April 25, 2017.
Pension Perspectives Newsletter for Active and DROP Members.
Check out the results from the 2016 Annual Member Survey!
Los Angeles Fire and Police Pensions (LAFPP) is honored to receive the Rich Chicotel Award from the Pension Real Estate Association (PREA) this year. The award is named in honor of the late Rich Chicotel, who was the chief financial officer of Shorenstein Prop
The maximum retiree health subsidy for Fiscal Year 2015-2016 has been retroactively increased from $1,435.13 to $1,438.49. On May 5, 2016, the Board of Fire and Police Pension Commissioners approved the additional 0.25% increase to take effect July 1, 2015.
On July 21, 2016, the Board elected Commissioners Pedram Salimpour, MD and Ruben Navarro as the new President and Vice President, respectively.
Log in to MyLAFPP to view this statement.
Pension Perspectives Newsletter for Retired and DROP Members.
Firefighter Cancer Registry Act of 2016 & Public Retirement Systems: Funds: Disclosures