Month: May 2019

MyLAFPP is Now Back Up

Posted on by planeteria
Released May 31, 2019 2:01PDT

MyLAFPP is now back and operational. We thank you for your patience. 

Released May 31, 2019 1:41 PDT

Due to the popularity of the new MyLAFPP, we are experiencing a huge amount of traffic on the website. Our users are reporting seeing an error and are unable to access the site.

We apologize for the inconvenience and expect this to be resolved soon. We recommend our users to try again at a later time. 

If you need assistance, or have questions regarding your pension benefits, please call (213) 279-3000.

A New MyLAFPP in Spring 2019

On January 1, 2019, LAFPP is transitioning to a new pension administration system.  Active and Retired members will now have access to pension benefit information and services through one system, MyLAFPP.  To allow for this transition and upgrade, MyLAFPP will be disabled until Spring 2019.

The following are reminders for the services you may need until the new MyLAFPP is up and running:

ACTIVE MEMBERS

  • Retirement estimates – staff will only run estimates for members who are retiring or entering DROP before April 2019.
  • Annual Statements – You may request a copy of a prior Annual Statement from the Active Member Services Section.
  • Run service credit purchase estimates – contact the Active Member Services Section to request an estimate to purchase your recruit training time.
  • Seminar Registration – contact the Communications & Education Section to register for an upcoming seminar.

DROP MEMBERS

  • DROP Exit Estimates – staff will only run esimates for members who plan to exit DROP before April 2019.
  • DROP Semi-Annual Statements for the period ending December 31, 2018 will be mailed out by January 31, 2019. You may request a copy of a prior semi-annual statement from DROP/Service Pensions.
  • Seminar Registration – contact the Communications & Education Section to register for an upcoming seminar.

RETIRED MEMBERS

  • 1099-R tax statements will be mailed out on January 31, 2019.
  • Changes to address, direct deposit or tax withholdings – contact the Retirement Services Section.

We thank you in advance for your patience and understanding as we implement our new pension administration system and work through the upgrade of MyLAFPP.

2019 Non-Medicare Health Subsidy Increase

Posted on by planeteria

On May 2, 2019, the Board of Fire and Police Pension Commissioners approved a 5.5 percent increase to the non-Medicare health subsidy.  The new non-Medicare health subsidy maximum is $1,820.29 per month, effective July 1, 2019.

While the upper limit of the Board’s authority to increase the non-Medicare subsidy is the lesser of seven percent or the Board-approved actuarial medical trend rate, an increase of 5.5 percent will subsidize health insurance premiums in a manner consistent with the Board’s fiduciary duty to all participants of the Plan.  The approved increase to the maximum non-Medicare subsidy is based on objective factors, including changes in the actual retiree health plan premiums and market trend, and the overall impact to current and future retirees. 

Members who either: (1) entered DROP or retired prior to July 15, 2011, (2) are members of Tier 6, or (3) chose to opt-in to pay an additional two percent in contributions, are eligible to receive a maximum non-Medicare health subsidy not to exceed $1,820.29, effective July 1, 2019.

For more information regarding the non-Medicare Health Subsidy increase or if you have specific questions regarding a pending subsidy credit, please contact Medical & Dental Benefits at (213) 279-3115.