Category: Newsroom

LAFPP remains focused and committed to keeping member data/information safe and secure. As more and more members conduct business online, we recognize the increased need to manage cybersecurity risks and have adopted a strategic cybersecurity initiative to mitigate those risks.

How does LAFPP protect you?

• LAFPP frequently conducts network vulnerability assessment testing and institutes best practices in securing member data;  
• Conducts periodic department-wide staff training; and,  
• Makes continuous enhancements to our cybersecurity program to improve and defend against cyber-attacks, including implementation of a 2-Factor Authentication (2FA) member portal login. 

What can you do to secure your LAFPP information?

Protecting your information is a shared responsibility and cybersecurity starts with you. Here are some tips to protect your personal information with LAFPP:

MyLAFPP

• Register online to view and maintain your personal information through the MyLAFPP member web portal. 
• Keep your contact information up to date to receive timely notices in the event that we may need to reach you. Download forms to update your information from our website or submit a change request via the member portal.  
• Utilize strong passwords by creating passwords that use a combination of upper and lower case letters, numbers, and special characters. Consider a password manager to help create and track passwords. It is advisable not to share, reuse, or repeat passwords.  

Direct Deposit

• Consider enrolling in direct deposit, which saves time and is more secure than paper checks. 
• Check with your bank and confirm that your monthly pension is being deposited regularly.  
• Contact LAFPP if you are not receiving your monthly itemized pension statement, which is mailed to your address on file. 
• Update your bank account and tax withholding information by downloading forms from our website or utilizing MyLAFPP. 

Contacting LAFPP

• Do not include any personally identifiable information (PII) in your email messages, such as Social Security numbers, dates of birth, driver’s license numbers, or addresses. 
• Consider encrypting your emails before sending to LAFPP, especially when attaching files for Health Insurance Premium Reimbursement (HIPR) requests. 
• For enhanced security during phone calls, staff will confirm your identity by requesting your date of birth, mailing address, last 4 digits of your Social Security Number, and a security question known only to you.  

Reminder: LAFPP will never initiate a phone call, email, or text message to request your MyLAFPP login credentials or any other personal information.

Do not respond to phone calls or click on links requesting your personal information. When in doubt, contact LAFPP directly by dialing (213) 279-3000 or (844) 88-LAFPP or by sending an email to pensions@lafpp.com.

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. 

To read about the details of the program, the CAO has created a website where you can find the FAQ and supporting documents. Please visit the site at:
https://cao.lacity.org/RIP/

LAFPP does not administer the RIP program. For any questions regarding the RIP program, please visit the website above, contact your union, or send an email to CAO representatives at RIP.CAO@lacity.org. For any questions regarding how the RIP bonus may affect your pension, please contact the DROP/Service Pensions Section at (213) 279-3100 or via email at dropsp@lafpp.com.

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. This positive return follows the historic stock market decline in the first quarter of 2020 due to the COVID-19 pandemic and subsequent recovery during the second quarter of 2020. The 3.04% return exceeded LAFPP’s target allocation index of 2.50% by 54 basis points. Investment returns were led by LAFPP’s strong performance in the domestic ​equities and fixed income markets, which generated returns of 4.79% and ​10.26%, respectively.

The 3.04% return is below the Fund’s new actuarial assumed rate of return of 7.00%, which is the long-term return required to meet current and future obligations for members. Our 10-year investment return is ​9.05%, and the 20-year return is ​5.85%. LAFPP has a long-term investment horizon and uses an asset allocation which encompasses a strategic long-term perspective of the capital markets.

LAFPP is one of the largest public safety pension funds in the U.S. 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.

Despite the global challenges of the past year, 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. Since May 2020, assets have grown approximately 33.4% during the one-year period.

Tom Lopez, Chief Investment Officer, stated, “The investments in domestic stocks were the main driver of the significant increase. It has been a remarkable 12 months in terms of market volatility.”

“Congratulations on our retiring CIO, Tom Lopez on achieving this milestone that will pay dividends to our retirees for decades to come.” said Board President Brian Pendleton.

Although pleased with the fund’s positive performance, the Board and staff will continue to monitor your pension fund, which is invested for the long term. There is a strategic asset allocation plan in place with ongoing adjustments to manage periodic fluctuations.

We are committed to our first responders, both past and present, who protect and serve the residents of Los Angeles. For any questions or concerns, please contact us at (213) 279-3000, (844) 88-LAFPP, or at Pensions@lafpp.com

LAFPP continues to be one of the largest public safety pension funds in the U.S. The Plan administers retirement and health subsidy benefits for nearly 27,000 current and retired public safety employees and their beneficiaries for the City of Los Angeles.

Tier 6 members, we have something NEW for you!

We created an easy-to-navigate web page to walk you through your pension benefits. This walkthrough covers the basics of Tier 6 pension benefits such as retirement eligibility, pension contributions, survivor pensions, buying back your recruit training, military, or public service time, and much more!

We provide videos, graphics, outside links, and resources to help you on your journey to learning about your pension benefits.

It is never too early to plan for retirement.

Are you ready? Click here to begin

As of August 4, 2020, the Fund’s total assets once again reached an unaudited market value in excess of $25 billion dollars. LAFPP reached this benchmark in January 2020 just before the stock market reaction to the COVID-19 pandemic occurred. The rebound in the Plan’s market value is due to the strong recovery in the equity markets and the City’s contribution payment received in July 2020.

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

View and/or print your 2019 Annual Statement online. This statement summarizes your individual pension-related information as of December 31, 2019, including service credit, pension estimates (if eligible to retire), contributions and interest, spouse or domestic partner information, and beneficiary designation.

Follow these steps to access your statement:

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. The statement is provided in a PDF format.

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

For questions concerning your statement or copies of your Annual Statements for years prior to 2018, please contact Active Member Services Section at (213) 279-3140.

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

You may now view and/or print your 2020 DROP Semi-Annual Statement for the period ending June 30, 2020, 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.