Newsroom

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:

SEPTEMBER 7, 2021 UPDATE: 

There has been a recent surge of COVID-19 cases in Los Angeles and the surrounding counties. For the safety of our members and staff, LAFPP’s offices will be extending closure to visitors until September 24, 2021.  We recommend that you continue to check our website for the latest updates on the status of our in-person operations.

AUGUST 20, 2021 UPDATE: 

Each year in July, the Board of Fire and Police Pension Commissioners elects its Officers of the Board to serve one-year terms. On June 3, 2021, the Board authorized a one-time waiver of its Governance Policies that limit the current President and Vice President from serving more than one term consecutively. On July 15, 2021, the Board re-elected Brian Pendleton as President and Kenneth E. Buzzell as Vice President.

DROP Participants who are exiting, there is now a new feature available to you!

You now have the option to have your DROP funds rollover via wire transfer, for a minimal fee (currently $35 per wire transfer).

After an exhaustive search for a new Chief Investment Officer (CIO) by Korn Ferry, General Manager Ray Ciranna is excited to welcome Ray Joseph as the new CIO replacing Tom Lopez, who is retiring after over 40 years with LAFPP.

LAFPP’s assets under management now exceed $30 billion. This turnaround is remarkable given the market volatility over the past year. As of June 1, 2021, the unaudited market value of the fund is over $30 billion, which is up from $22.5 billion just one year ago.

January 2021 begins with more good news for LAFPP!  As of January 12, 2021, the Fund reached an unaudited market value in excess of $28.3 billion dollars.

Total fund assets have once again reached an all new high! As of December 8, 2020, your Fund reached an unaudited market value in excess of $27.5 billion dollars. This greatly exceeds the $25 billion total as of January 2020, just before the stock market declined due to the COVID-19 pandemic. The rebound in the Plan’s market value is due to the strong recovery in the equity markets and the City’s annual contribution payment received in July 2020.

Good news! Based on the actuarial report for the period ending June 30, 2020, the combined funded ratio for pension and health benefits is 88.6%, up slightly from 88.5% the previous year. This marks the third consecutive year that the combined funded ratio has increased for the System. Even though the pension benefit funded ratio is now 93.2%, down from 93.6%, the health benefit funded ratio increased from 56.2% to 59.7%. The favorable results indicate that the Plan remains strong despite a volatile year marked by the COVID-19 pandemic.

LAFPP is reporting a return of 3.04% for the fiscal year ending June 30, 2020, as assets totaled over $23.​5 billion at the year-end.

As of August 4, 2020, the Fund’s total assets once again reached an unaudited market value in excess of $25 billion dollars.

Active members! View your 2019 Annual Member Statements in MyLAFPP.

Effective July 1, 2020, Commissioner Adam Nathanson was re-appointed by Mayor Eric Garcetti and confirmed by the City Council to serve a new five-year term ending June 30, 2025. 

Our response to Members who are concerned regarding the financial strength of the LAFPP fund in light of the COVID-19 pandemic.

On May 21, 2020, the Board of Fire and Police Pension Commissioners approved the Plan actuary’s recommendation to lower the investment return assumption from 7.25% to 7.00%. This action will help ensure the long-term viability of the Plan to properly fund the benefits for members.

Congratulations Commissioner Weber!

Commissioner Weber received 74.26% of the vote and will serve the term of office from July 1, 2020 until June 30, 2025.

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.

Ballots will be mailed to eligible voters beginning on Friday, March 6, 2020.

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.