Newsroom

The effective date of the ordinance amending the DROP Program has been changed to February 1, 2019.  If you enter the DROP Program by January 31, 2019, you will not be subject to the proposed amendments. 

We are saddened to report that former Commissioner Sam Diannitto passed away last week.  We honor and recognize his long history of service to the City of Los Angeles and the Fire and Police Pension System.  

Commissioner Diannitto started with the Fire Department in 1954 and after serving 43 years, he retired in 1997 as an Assistant Fire Chief.

The current term for the Police Department Employee Member of the Board of Fire and Police Pension Commissioners will end on June 30, 2020.  Commissioner Robert von Voigt will be resigning from the Board as the Police Department Employee Board Member effective September 30, 2018. Since Commissioner von Voigt’s term was scheduled to expire on June 30, 2020, his resignation leaves an unexpired term of twenty-one (21) months.

LAFPP assets totaled $22.32 billion at the end of the fiscal year.

Log in to MyLAFPP to view this statement.

The Cost of Living Adjustment (COLA) is 3.6% for 2018 and was approved by the Board of Fire and Police Pension Commissioners on April 19, 2018.

If you have an upcoming appointment or need to stop by the LAFPP offices, plan ahead for your visit.

The ordinance amending the DROP Program was approved at its second reading by the City Council on January 15, 2019.  The adopted changes to the Program will affect all members entering DROP on or after February 1, 2019. 

 New DROP Requirements for Members Entering on or After February 1, 2019:

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

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 December 31, 2018.

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.

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.

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

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.

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

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.

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.

The Cost of Living Adjustment (COLA) effective July 1, 2017 is +2.7% and all eligible pensions will be adjusted accordingly beginning with the pension payment dated July 31, 2017.

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.

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.

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.

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.

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 Properties, one of the country’s oldest real estate organizations, and an LGBT philanthropist active in various LGBT causes and fundraising activities.  In 2007, he was named by the San Francisco Business Times as the San Francisco Bay Area CFO of the Year for privately-owned companies.

On July 21, 2016, the Board elected Commissioners Pedram Salimpour, MD and Ruben Navarro as the new President and Vice President, respectively. 

Update as of 6/14/2016

Active members in Tiers 2 – 6 can now log in to MyLAFPP to view and/or print their 2015 Annual Active Member Statement. 

LAFPP is open for business at our new location.  The new address is 701 East 3rd Street (NE corner of East 3rd Street & Alameda Street) in the downtown Arts District. 

Take preventative steps to protect your personal & sensitive information.

Each October the United States Congress adopts a resolution to help raise public awareness about the importance of preparing for a secure retirement. This annual event provides an opportunity for our active and retired members to reflect on how they can create and maintain retirement security.

UPDATED 1/26/16: The Voter Empowerment Act of 2016 would change how California state and local government employee compensation and retirement benefits are determined.

Each year, the Board of Fire and Police Pension Commissioners elect its Officers of the Board during the last meeting in July.  On July 16, 2015, the Board elected Commissioners Robert von Voigt and Pedram Salimpour as the new President and Vice President, respectively. 

The term of the Board’s Fire Department Retired Employee Member, Commissioner Sam Diannitto, ends on June 30, 2015.  An election was held on March 31, 2015 for this position. A candidate needs the majority of all votes cast (i.e. at least 50% plus one of the votes returned) in order to win the election. Commissioner Diannitto received 91.38% of the vote and will serve the term of office from July 1, 2015 until June 30, 2020.

Congratulations Commissioner Diannitto!

The Cost of Living Adjustment (COLA) effective July 1, 2015 is +0.1%

Update as of 4/2/2015

The Cost of Living Adjustment (COLA) effective July 1, 2015 is +0.1% and all eligible pensions will be adjusted accordingly beginning with the pension payment dated July 31, 2015.