We invite you to read our newsletter filled with announcements and benefit topics including LAFPP Services Update, 2022 Valuation Report Approved, How to Enroll in DROP and Beneficiary Designation.
Click below to access the electronic copy of the newsletter.
LAFPP provides an important link between your active work-life and retirement. Regardless if you’re a new member looking for information on your benefits or a veteran deciding on your retirement date, LAFPP remains prepared and committed to excellent customer service. We are available via email, phone, in-person and virtually!
WE ARE OPERATING NORMALLY AND READY TO ASSIST ALL OF OUR MEMBERS!
Skip the trip to the office and complete most of your tasks online or by phone. Our enhanced services are the fastest and most convenient way to do business with LAFPP. Whether you need quick information or detailed answers to your questions, we’re here to help you get more acquainted with your benefits – anytime, anywhere!
All services remain available to LAFPP members who need them. Read more about our enhanced services below:
Prefer to speak to a live person? Call us Monday-Friday from 7:30 a.m. to 4:30 p.m.
Knowledgeable specialists are available to answer any of your benefits questions!
Attend a FREE webinar! We have multiple offerings designed to fit within your busy schedule. Live hosts are ready to impart knowledge and answer your questions.
No need to take time off work or contend with traffic! View upcoming dates in our Seminars page.
LAFPP provides virtual group counseling sessions for members who are entering/exiting DROP or retiring on a service pension.
LAFPP.com is a treasure trove of information and provides tools to help you easily understand your benefits. Learn about Disability Retirement, the DROP Program, and Survivor Benefits from our Guides and Handbooks page. Gain valuable insights and updates from our Newsletters page. Prefer more detailed benefits information? Download a copy of your Summary Plan Description.
Our Learning Toolkit includes short videos and, for our new members, we have a Tier 6 New Member Walkthrough. Both of these tools provide the basics of your LAFPP Pension in an easy to follow format.
We understand that work and personal schedules are some of the biggest barriers to learning about your retirement benefits. However, advances in technology enable us to deliver more options easily and conveniently. Our enhanced services provide you with greater flexibility and access to your LAFPP benefits information – 24/7/365.
“Stop by” anytime and allow us the opportunity “to serve those who protect“.
Staff is available and ready to take your call during our normal business hours Monday-Friday from 7:30 a.m. to 4:30 p.m. (except on City holidays). In the event that you are unable to reach us during these hours, you may send us a message anytime via our “Contact Us” page or by sending an email directly to PENSIONS@lafpp.com.
LAFPP is pleased to present our 2022 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, 2022.
Some of the highlights in this year’s report include:
The System serves approximately 27,315 members, including active, DROP, deferred vested, and retired members and beneficiaries.
Pension benefits were actuarially funded at 98.0% (change of +1.2%) and health subsidy benefits were funded at 74.3% (change of +9.6%). The combined funded status for pension and health benefits is 95.0% (change of +2.5%).
System assets totaled $28 billion on a market value basis.
LAFPP continues to grow as an organization as we strive to be a leader and innovator in the public pension industry. The Board and staff are committed to prudent and sound investment strategies to grow and protect Plan assets over the long-term to secure the retirement benefits of our members.
In addition to this report, our historical annual reports, actuarial valuations, and financial statements are available on the Financial Reports page of our website.