Category: Newsroom

LAFPP is reporting a return of 32.56% for the fiscal year ending June 30, 2021, with assets totaling over $30.7 Billion.

The 32.56% return exceeded LAFPP’s target allocation index of 29.97% by 259 basis points. Investment returns were led by LAFPP’s strong performance in the domestic equities and international equity markets, which generated returns of 46.54% and 40.00%, respectively.

The 32.56% return is above the Fund’s actuarial assumed rate of return of 7.00%, which is the long-term return required to meet current and future obligations for members. Over the longer term, LAFPP’s performance has outperformed its benchmark and ranks in the top quartile versus peers over the three-, five-, seven-, and ten-year periods.

LAFPP’s 10-year investment return is 9.95%, and the 20-year return is 7.91%. LAFPP has a long-term investment horizon and uses an asset allocation encompassing a long-term strategic perspective of the capital markets.

LAFPP is one of the largest public safety pension funds in the United States. The Plan administers retirement and health subsidy benefits for over 26,000 current and retired public safety employees and their beneficiaries for the City of Los Angeles. More information is available at About LAFPP.

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

You may now view and/or print your 2021 DROP Semi-Annual Statement for the period ending June 30, 2021 in 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: 

1. Log in to MyLAFPP. 
2. Click on Forms & Correspondence. 
3. Click on Statements. 
4. Click on the word “Document” next to the paperclip symbol. Your statement is provided in a PDF format. 

If you have not signed up or have questions regarding MyLAFPP, please visit our MyLAFPP Help Desk. 

If you have questions concerning your statement, contact the DROP/Service Pensions Section at dropsp@lafpp.com or call (213) 279-3100.

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:

1. Call our offices Monday through Friday, 7:30 a.m. – 4:30 p.m. For a full list of contact information, please visit our Section Services Directory
2. Send an email to pensions@lafpp.com or a message through our Send a Message feature on our website. We will respond to you within one business day.
3. Attend a free virtual webinar! LAFPP offers a series of webinars designed to fit within your busy schedule. These informative sessions will get you on the path to understanding your benefits and assist you with your overall financial plan. Staff is available during all webinars to answer any questions you may have regarding your pension benefits. For more information and upcoming dates, please visit our Seminars & Workshops page.
4. LAFPP provides virtual group counseling sessions for members who are entering or exiting DROP, or retiring on a service pension. Here are 6 Key Benefits of Virtual Counseling.
5. Log in to MyLAFPP to access your personal benefit information. Members have access to the following:
   • Active and DROP Members – Calculate Retirement and DROP Estimates, Update your Beneficiary, Calculate the cost to purchase your Recruit Training Time or Public Service Purchase, and more!
   • Retired Members – View your pension benefit and health subsidy information, Request a Pension Verification Letter, Update your Address, Direct Deposit Information, and Tax Withholding elections.

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Our website is full of resources and guides to assist with finding information and answering the most frequently asked questions.

• Active Members
• DROP Members
• Retired Members
• Qualified Survivors
• Guides and Handbooks – Disability Pensions, Dissolution of Marriage, DROP, and Survivor Benefits

We invite you to read our newsletter filled with announcements and benefit topics including the City of Los Angeles’ Retirement Incentive Pay (RIP) bonus, Active member and DROP participant statements available online, and the new rollover-via-wire-transfer option for DROP participants.

Click below to access the electronic copy of the newsletter.

Your health is important to us and we want to continue to help stop the spread of COVID-19. LAFPP offers virtual counseling sessions for members who are preparing to enter Service Retirement/DROP or exit DROP. Here are several key benefits as to why you should choose a virtual counseling session. Click here to view the document.

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). Your rollover funds will reach your financial institution at a much faster rate. Please consult with the financial institution where you plan to rollover your DROP funds for details. They can advise you whether they can accept wire transfers.

If you are also taking a lump sum payment, that amount will be direct deposited into your account.

If you have questions, please contact the DROP/Service Pensions Section by phone at (213) 279-3100 or by email at dropsp@lafpp.com.