DROP Update Posted: Friday, February 9, 2018

On February 7, the City Council made a motion to request a review of the Deferred Retirement Option Plan (DROP) Program.  The Council stated it was critical that the City investigate possible Worker’s Compensation abuse and take steps to protect tax payer funds and the integrity of the program. 

LAFPP Welcomes the Airport Peace Officers! Posted: Friday, January 12, 2018

We are pleased to welcome our new members from the Airport Department!

2017 Annual Report Posted: Wednesday, January 3, 2018

LAFPP is pleased to present the 2017 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, 2017.

2017-18 Health & Dental Subsidy Updates Posted: Tuesday, December 19, 2017

On December 7, 2017, the Board of Fire and Police Pension Commissioners approved new maximums for the Medicare health subsidy, the health subsidy for Qualified Surviving Spouses/Domestic Partners, as well as the dental subsidy.  These new maximum amounts will be effective January 1, 2018 through

Medicare Part B Premium Reimbursement for 2018 – ACTION REQUIRED Posted: Wednesday, December 13, 2017

The Centers for Medicare and Medicaid Services (CMS) has announced the maximum standard Medicare Part B (Part B) premium for the 2018 calendar year.  The standard Part B premium will remain at $134.00 and will be effective January 1, 2018.  Action may be required of members whose current Part B reimbursement is less than $134.00.

LAFPP Reports a Return of 13.27% for the Fiscal Year Ending 2016-17 Posted: Friday, October 27, 2017

LAFPP is reporting a return of 13.27% for the fiscal year ending June 30, 2017. LAFPP assets totaled $20.64 billion at the end of the fiscal year.

LAFPP Hits $21 Billion Posted: Tuesday, July 25, 2017

For the first time in LAFPP history, the Fund’s total assets reached an unaudited market value in excess of $21 billion dollars as of July 18, 2017.

Election of 2017-2018 Board Officers Posted: Monday, July 24, 2017

On July 20, 2017, the Board elected Commissioners Ruben Navarro and Corinne Babcock as the new President and Vice President, respectively. 

Special Election Fire Department Retired Member Board of Fire and Police Pension Commisssioners Posted: Thursday, July 20, 2017

A Special Election is scheduled for Tuesday, September 19, 2017, to fill the position of Fire Department Retired Member of the Board of Fire and Police Pension Commissioners.

Non-Medicare Subsidy Increase Posted: Thursday, June 29, 2017

Update: The Board approved a six percent increase to the non-Medicare health subsidy.

Board Review of Retiree Health Plans and Subsidy Program Posted: Monday, June 12, 2017

UPDATE:  The Ad Hoc Committee on Retiree Health Plans is considering several options to reduce members’ out-of-pocket premium costs and subsidy expense. 

Board Adopts 7.25% Rate of Return Posted: Thursday, June 8, 2017

On June 1, 2017, the Board of Fire and Police Pension Commissioners approved the Plan actuary's recommendation to lower the investment return assumption from 7.50% to 7.25%.  This action will help ensure the long-term viability of the Plan to properly fund the benefits for members.

Update to Federal Income Tax Withholding Tables Posted: Monday, March 5, 2018

The federal income tax withholding tables have been updated for the 2018 tax year, starting with the February 28, 2018 payment.

DROP Semi-Annual Statements as of December 31, 2017 are Available Online! Posted: Monday, January 22, 2018

Log in to MyLAFPP to view this statement.

Health Insurance Premium Reimbursement Program (HIPR) Changes Posted: Thursday, October 19, 2017

Recent actions taken by the Los Angeles Fire and Police Pensions Board of Commissioners and the Los Angeles City Council have resulted in changes to the HIPR program effective April 1, 2017.

2017 Annual Member Survey - Highlights Posted: Thursday, October 5, 2017

Check out the results from the 2017 Annual Member Survey!

Retired Fire Board Member Election Results Posted: Wednesday, October 4, 2017

LAFPP welcomes Commissioner Kenneth Buzzell, the newly-elected Fire Department Retired Employee Member of the Board of Fire and Police Pension Commissioners! 

Farewell Commissioner Sam Diannitto Posted: Friday, September 22, 2017

September 20, 2017 marked Sam Diannitto’s last meeting as a Commissioner of the Board of Fire and Police Pension Commissioners.

Commissioner Pedram Salimpour, MD Re-Appointed to the Board Posted: Friday, July 28, 2017

On July 26, 2017, the City Council confirmed Mayor Garcetti's reappointment of Pedram Salimpour, MD to the Board of Fire and Police Pension Commissioners (Board) for a second term beginning July 1, 2017 through June 30, 2022.

June 2017 Retired/DROP Member Newsletter Posted: Friday, June 30, 2017

Pension Perspectives Newsletter for Retired and DROP Members.

Results of the Active Fire Board Member Election Posted: Monday, May 22, 2017

Commissioner Ruben Navarro will serve the term of office from July 1, 2017 until June 30, 2022. Congratulations Commissioner Navarro!

Verify the Status of Your Pension Savings Plan Contributions Posted: Tuesday, May 9, 2017

If you were in the Drill Tower or Police Academy training in 1994 to the present, you made mandatory contributions to the City’s Pension Savings Plan for part-time, seasonal and temporary employees.