Election – Board of Fire and Police Pension Commissioners Fire Department Employee Member

An Election to select the Fire Department Employee Member of the Board of Fire and Police Pension Commissioners (Board) is scheduled on April 19, 2022. The candidate elected will serve the term beginning July 1, 2022 and ending June 30, 2027.

BOARD MEMBER DUTIES – The Board exercises the prudent person standard in the discharge of its duties. It has sole and exclusive fiduciary responsibility to administer the Fire and Police Pension System (System) and its assets; has the authority to set and adopt investment policies for over $31 billion in fund assets; and has the duty to establish actuarial assumptions and adopt rules and regulations necessary to administer the System.

Preparation for regular and special meetings requires an individual to commit hours of advanced reading of Board Reports and disability cases. The Board normally meets on the first and third Thursdays of each month at 8:30 a.m. (PT). Most meetings are from three to four hours.

ELECTION PROCESS – Only active, sworn Los Angeles Fire Department (LAFD) members of the System are eligible to run and vote for this Board seat. Members who are interested in becoming a candidate are required to complete and submit the Notice of Intent form which was mailed with the Election Notification. Signature gathering by eligible members is not required to run as a candidate.

Along with the Notice of Intent, the candidate has the option to submit an Occupational Ballot Designation and a typewritten Statement of Qualifications for Office. The Occupational Ballot Designation will be printed under the candidate’s name and shall consist of three words to describe the following: (A) the current principal profession, vocation, or occupation of the candidate, or (B) the principal profession, vocation, or occupation of the candidate during the last calendar year immediately before the filing of the Notice of Intent to become a candidate. The Statement of Qualifications for Office may include information on education, work experience, years of service, and other relevant qualifications and shall not exceed 300 words in length. Any words beyond the 300 word limit will not be printed.

Starting at 8:00 a.m. (PT) on February 23, 2022, candidates who wish to qualify for the ballot are required to provide the following documents: 1) Notice of Intent to run for Office; 2) Occupational Ballot Designation (Optional); and 3) Statement of Qualifications for Office (Optional). The three (3) approved methods of submittal are detailed below. Documents received any other way will NOT be accepted.

  1. Hand-Delivery (Appointment Only): Candidates may hand deliver the completed forms by scheduling an appointment with the Office of the City Clerk – Election Division by emailing Clerk.ElectionAdmin@lacity.org. Candidates will be provided with an appointment between the hours of 8:00 a.m. – 5:00 p.m. (PT). The Office of the City Clerk – Election Division is located at Piper Technical Center, 555 Ramirez Street, Space 300, Los Angeles, CA 90012.
  2. Mail: Candidates may submit the completed forms via U.S. Postal Service using the paid-postage envelope provided along with this Election Notification.
  3. Email: Candidates may submit the completed forms via email to Clerk.ElectionAdmin@lacity.org.

The completed Notice of Intent must be received by the Office of the City Clerk – Election Division by the deadline of 5:00 p.m. (PT) on March 4, 2022.

Eligible voters will receive a ballot in the mail. Voters may choose to return their ballot via mail or may deposit it at the drop box located at the Office of the City Clerk – Election Division. Ballots received any other way will NOT be accepted. All completed ballots must be received by the Office of the City Clerk – Election Division by 5:00 p.m. (PT) on April 19, 2022 to be counted.

Sworn Employee Members of LAFD who become eligible within 30 days prior to the Election and wish to vote in the Election should obtain a Certificate of Eligibility (Certificate) from the Personnel Department. Beginning at 8:00 a.m. (PT) on April 8, 2022, after securing a Certificate, the newly eligible voter may contact the Office of the City Clerk – Election Division at (213) 978-0444 or by email at Clerk.ElectionAdmin@lacity.org to schedule an appointment to present themselves and receive a ballot.

The ballots will be tallied on April 21, 2022, in the presence of the observers designated by each candidate via livestream. Candidates may also participate in addition to the two observers. The Office of the City Clerk – Election Division will furnish to the Board the official certified results of the election within 14 days after the date of election.

QUESTIONS – Inquiries regarding the election process may be directed to the Office of the City Clerk – Election Division at (213) 978-0444 or by email at Clerk.ElectionAdmin@lacity.org. Inquiries may also be directed to the Administrative Services Section of the Department of Fire and Police Pensions at (213) 279-3080.

LAFPP’S 2021 ANNUAL REPORT IS NOW AVAILABLE!

LAFPP is pleased to present our 2021 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, 2021.

Some of the highlights in this year’s report include:

  • The System serves approximately 26,983 members, including active, DROP, deferred vested, and retired members and beneficiaries.
  • Pension benefits were actuarially funded at 96.8% (change of +3.6%) and health subsidy benefits were funded at 64.7% (change of +5%). The combined funded status for pension and health benefits is 92.5% (change of +3.9%).
  • System assets totaled over $30 billion on a market value basis.
  • The investment rate of return for Fiscal Year 2020-21 was 32.56%.

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 our website under Financial Reports.