Newsroom

The current economic conditions continue to negatively impact retirement funds across the nation. A decline in consumer sentiment, rising interest rates, and lower-than-expected retail sales are weighing on the markets.

Earlier this year, LAFPP General Manager Ray Ciranna announced his intent to retire at the end of September 2022.  To ensure a seamless transition of leadership for the Department, the Board appointed Joseph (“Joe”) Salazar as the Interim General Manager, effective September 25, 2022. 

The results of the management audit of the Los Angeles Fire and Police Pension Plan were presented to the Board on August 18, 2022, as mandated by Section 1112 of the City Charter.

Active members! View your 2021 Annual Member Statement in MyLAFPP.

View and/or print your 2021 Annual Statement online. This statement summarizes your individual pension-related information as of December 31, 2021, including service credit, pension estimates (if eligible to retire), contributions and interest, spouse or domestic partner information, and beneficiary designation.

Ballots have been mailed to eligible voters on March 31, 2022.

SPECIAL NOTICE: This article only applies to Retired Members and Qualified Surviving Spouses/Domestic Partners of the Los Angeles Fire & Police Pension Plan.

The Centers for Medicare and Medicaid Services (CMS) has increased the standard Medicare Part B monthly premium to $170.10 effective January 1, 2022; however, you may pay a different amount determined by CMS.

Good news! Based on the actuarial report for the period ending June 30, 2021, the combined funded ratio for pension and health benefits is 92.5%, up from 88.6% the previous year. The favorable results indicate that the Plan remains strong despite another volatile year marked by the continuing COVID-19 pandemic.

For the safety of our members and staff, LAFPP’s offices will be closed to visitors until further notice.  We recommend that you continue to check our website for the latest updates on the status of our in-person operations.

At LAFPP, we strive to provide the best service to our members who dedicate their careers and risk their lives to protect the people of Los Angeles.

We have several ways you can find information and engage with us:

Effective July 1, 2021, Commissioner Belinda M. Vega was re-appointed by Mayor Eric Garcetti and confirmed by the City Council to serve a new five-year term ending June 30, 2026.

Active members! View your 2020 Annual Member Statement in MyLAFPP.

View and/or print your 2020 Annual Statement online. This statement summarizes your individual pension-related information as of December 31, 2020, including service credit, pension estimates (if eligible to retire), contributions and interest, spouse or domestic partner information, and beneficiary designation.

The City of Los Angeles Retirement Incentive Pay (RIP) is a program developed by the City and sworn labor unions to allow sworn employees who are retiring or entering DROP to include deferred salary increases as part of their pension benefit calculation or to apply toward their accrued leave (sick/vacation/overtime) payout at the time of retirement. 

Longstanding Chief Investment Officer (CIO), Tom Lopez of Los Angeles Fire and Police Pensions (LAFPP), is set to retire after more than 40 years of service to the fund. Mr. Lopez has been a stalwart in the CIO role since 1993 and has led the Investment Team in building a strong portfolio, successfully achieving returns above the benchmark for over 25 years.

Fairview Capital and Los Angeles Fire & Police Pensions (LAFPP) held a successful inaugural “Investing in Inclusion” event that occurred on November 17, 2020.This event was attended by over 250 diverse general partners, limited partners, and others interested in learning more about LAFPP’s Specialized Manager Program and potential opportunities for fundraising and institutional investing.

Fairview Capital and Los Angeles Fire & Police Pensions (LAFPP) announce the inaugural “Investing in Inclusion” event on November 17, 2020 at 10:00 am PST. This webinar will be hosted by Fairview and will highlight LAFPP’s successful Private Equity Specialized Manager Program.

Tier 6 members, we have something NEW for you! 

We created an easy-to-navigate web page to walk you through your pension benefits. 

DROP Participants! View your DROP Semi-Annual Statements in MyLAFPP.

Each year in July, the Board of Fire and Police Pension Commissioners elects its Officers of the Board to serve one-year terms.  On July 16, 2020, the Board elected Brian Pendleton as President and Ken Buzzell as Vice President.

Daily, the news is focused on the COVID-19 pandemic, stock market volatility, the nation’s recession, and the protests for social justice changes. These issues are at the forefront of our lives and given the importance of each of these issues, we know that resolution will take time. However, we want to remind you that LAFPP continues our commitment to administer your pension benefits during these challenging times.

Congratulations, Commissioner Buzzell!

Commissioner Buzzell received 97.04% of the vote and will serve the term of office from July 1, 2020 until June 30, 2025.

As you prepare to file your taxes, here’s how to obtain your 2019 Tax Form 1099-R information

As of January 1, 2020, our new business hours are 7:30 a.m. to 4:30 p.m., Monday through Friday, excluding City holidays.

The current term for the Fire Department Retired Member of the Board of Fire and Police Pension Commissioners will end on June 30, 2020.  The Office of the City Clerk, in conjunction with the Department of Fire and Police Pensions, is scheduled to conduct an Election on Tuesday, March 31, 2020, to fill that position. All retired, sworn members of the Fire Department are encouraged to participate. The candidate elected will serve a five-year term that begins July 1, 2020 and ends June 30, 2025.

The Board of Fire and Police Pension Commissioners held a special hearing to determine the future of the Fund’s contract with Fisher Asset Management. After a lengthy and deliberative discussion, the Board voted to terminate its contract with Fisher for management of an international large cap equity portfolio.

You may now view and/or print your DROP Semi-Annual Statement for the period ending June 30, 2019, on MyLAFPP.  This statement summarizes your individual DROP account balance, monthly pension deposits, ITD (inception-to-date) interest, and mandatory exit date. To view your statement, take the following steps:

Each year in July, the Board of Fire and Police Pension Commissioners elects its Officers of the Board to serve one-year terms.  On July 18, 2019, the Board elected Adam Nathanson as President and Brian Pendleton as Vice President.

Due to the high volume of applicants prior to the February 1, 2019 amendments, recent DROP enrollees may find variations of their status in MyLAFPP. 

The Cost of Living Adjustment (COLA) is 2.5% for 2019 and was approved by the Board of Fire and Police Pension Commissioners on March 21, 2019.  The COLA will be effective July 1, 2019, and all eligible pensioners and DROP participants will receive an increase accordingly, beginning with the pension payment dated July 31, 2019.

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.