LAFPP Investments Update – CIO Ray Joseph Resigns

Los Angeles Fire and Police Pensions (LAFPP) Chief Investment Officer (CIO) Mr. Ray Joseph has resigned for personal reasons, effective immediately. General Manager Raymond Ciranna stated that plans to fill the CIO are currently being developed.

In the meantime, Mr. Ciranna will fulfill the day-to-day responsibilities of the position until a replacement is appointed.

About LAFPP

LAFPP oversees the pension fund for the sworn members of City of Los Angeles Fire, Police, Airport and Port departments. The fund is currently valued at over $29 billion in assets and serves nearly 27,000 members and beneficiaries.

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

LAFPP welcomes Rigo Arellano, the Fire Department Employee Member-elect, to the Board of Fire and Police Pension Commissioners! Mr. Arellano will be sworn-in during June 2022 to fulfill his fiduciary responsibilities as a Board member beginning July 1, 2022.

Commissioner Ruben Navarro’s term on the Board of Fire and Police Pension Commissioners (Board) as the Fire Department Employee Member will end on June 30, 2022. In accordance with Section 23.102.2(b) of the Los Angeles Administrative Code, the Board authorized the Office of the City Clerk to conduct an election on Tuesday, April 19, 2022. The candidate receiving a majority of all votes cast (at least 50% plus one vote) is then declared elected as the Fire Department Employee Member of the Board.

Mr. Arellano received 54.31% of the vote, a majority, and as such is elected to serve the term of the Fire Department Employee Member of the Board beginning July 1, 2022 through June 30, 2027. Congratulations Mr. Arellano!

For a current list of Commissioners, please view the Board Directory. If you have any questions concerning the election results, please contact the Administrative Services Section of the Department of Fire and Police Pensions at (213) 279-3080.