News Archive
Emerging and Diverse Manager Program
LAFPP began hiring and engaging emerging and diverse managers in 1987 and over the many years, various managers have been hired to manage equities, fixed income, real estate and private equity.
November 2014 Active/DROP Member Newsletter
Pension Perspectives Newsletter for Active and DROP Members
Funded Status Increases to 86.6%
As a result of the strong fiscal year investment return of 17.86% and other…
Fry v. City of Los Angeles
Check here for the latest update for the Fry v. City of Los Angeles case concerning the City’s ordinance freezing the retiree health subsidy benefit. The medical subsidy freeze ordinance stands.
LAFPP Reports a Return of 17.86 Percent for 2013-14
Los Angeles Fire and Police Pensions (LAFPP) is reporting a preliminary return of 17.86 percent for the fiscal year ending June 30, 2014.
LAFPP is Now on Facebook!
In an effort to further reach out and connect with members and other stakeholders, LAFPP has launched a Facebook page!
The California Public Records Act
Occasionally, Fire and Police Pensions (LAFPP) receives requests from members of the public, websites, and the media for Plan information.
August 2014 Retired/DROP Member Newsletter
Pension Perspectives Newsletter for Active and DROP Members.
Board Adopts Ad Hoc Funding Adjustment
On July 17, 2014, the Board of Fire and Police Pension Commissioners approved the Plan actuary’s recommendation to make an ad hoc…
Election of Board Officers
On July 17, 2014, Belinda Vega was elected as the new President of the Board of Fire and Police Pension Commissioners.
Board Adopts 7.50% Rate of Return
On July 17, 2014, the Board of Fire and Police Pension Commissioners approved the Plan actuary’s recommendation to lower the investment…
Retired Police Board Member Election – Results
The term of the Board’s Police Department Retired Employee Member, Commissioner George V. Aliano, ends …
Response to “A Time for Action”
On April 9, 2014, the Los Angeles 2020 Commission released its second and final report offering solutions to the…
May 2014 Active/DROP Member Newsletter
Pension Perspectives Newsletter for Active and DROP Members
Heartbleed Bug
With the recent discovery of the computer security bug named Heartbleed, LAFPP performed an assessment of its…
Detroit’s Bankruptcy Filing – Update as of 4/17/2014
On Tuesday, April 15, 2014, an agreement was reached by the city of Detroit and negotiators for the Detroit General.
2013 Annual Report
As of June 30, 2013, the System’s assets grew to over $15.75 billion on a market basis, while serving over 25,650…
The Pension Reform Act of 2014 – Update as of 3/18/2014
On March 14, 2014, San Jose Mayor Chuck Reed announced that he and fellow supporters decided to suspend…
City Controller’s Management Audit
On March 12, 2014, the City Controller released audit reports for both Los Angeles Fire and Police Pensions (LAFPP)…
Response to “3 Huge Cities Flirting with Bankruptcy”
On March 3, 2014, MSN Money released an article by Traders Reserve titled, “3 Huge Cities Flirting with Bankruptcy”… over 25,650…
2014 Board Retreat
On Thursday, March 6, 2014, the Department held its Sixth Annual Board of Fire and Police Pension Commissioners…
2013 Active Member Annual Statements
Active members in Tiers 2 – 5 can now log in to MyLAFPP to view and/or print their 2013 Annual Active…
February 2014 Retired/DROP Member Newsletter
Pension Perspectives Newsletter for Retirees and DROP Members
FAQs – How After-Tax Contributions Affect Your DROP Funds
If you made after-tax pension contributions, your DROP funds may include after-tax “basis”.
How After-Tax Contributions Affect Your DROP Funds
If you made after-tax pension contributions, your DROP funds may include after-tax “basis”.
DROP Update – January 13, 2014
Due to the pending actuarial study of the DROP Program, many members are concerned… Is DROP going to change? Should I enter now? Is DROP costing the City money? Are there plans to freeze DROP? Will DROP be around when I get ready to retire?
December 2013 DROP Member Semi-Annual Statements Available Now!
To view your DROP Semi-Annual Statement for the period ending December 31, 2013, log in to…
Notice of New Commissioners
Effective December 17, 2013, the following Commissioners were appointed to the Board by the Mayor…
December 2013 Active/DROP Member Newsletter
Pension Perspectives Newsletter for Active and DROP Members
REFERENCED DOCUMENTS:
Board Dedicates New Headquarters Boardroom
On October 17, 2013, the Board of Fire and Police Pension Commissioners (Board) approved staff’s…
LAFPP Purchases a New Headquarters Building
After searching for several years for a suitable headquarters building, Los Angeles Fire and Police…
LAFPP Hits $17 Billion!
For the first time in LAFPP history, the Fund’s total assets reached an unaudited market value in excess…
Attention Active Fire Members: Under–Collection of Pension Contributions
LAFPP staff has been advised by the Controller’s Office that pension contributions were under-collected…
LAFPP Reports Revised Preliminary Return of 13.01 Percent for 2012–13
LAFPP is reporting a revised preliminary return of 13.01 percent for the fiscal year ending June 30, 2013.
Health Insurance Exchanges and LAFPP
As part of the Affordable Care Act (ACA) several states, including California have set up health insurance exchanges.
Management Audit Interim Report of LAFPP
An interim report from the City Controller on a management audit conducted of the LAFPP Fund.
Charter Amendment G – Tier 6
On March 8, 2011, Los Angeles City voters approved Charter Amendment G.