Board News

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Passing of Gary Mattingly

Gary Mattingly

It is with great sadness that we announce the recent passing of Gary Mattingly, former General Manager of the Department of Fire and Police Pensions.

Article

Passing of Sam Diannitto

We are saddened to report that former Commissioner Sam Diannitto passed away last week.  We honor and recognize his long history of service to the City of Los Angeles and the Fire and Police Pension System.  

Commissioner Diannitto started with the Fire Department in 1954 and after serving 43 years, he retired in 1997 as an Assistant Fire Chief.

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Board Review Of Retiree Health Plans And Subsidy Program

UPDATE: As of November 1, 2018, the Board has approved contracts between LAFPP and Los Angeles Firemen’s Relief Association (LAFRA), Los Angeles Police Relief Association (LAPRA), United Firefighters of Los Angeles City (UFLAC), and Los Angeles Police Protective League (LAPPL).  The new contracts formally establish LAFRA, LAPRA, UFLAC, and LAPPL as Board-approved Health and/or Dental Plan Sponsors. The contracts are effective immediately and are for a 5-year term.  

Investment

Board Adopts 7.25% Rate of Return

On June 1, 2017, the Board of Fire and Police Pension Commissioners approved the Plan actuary’s recommendation to lower the investment return assumption from 7.50% to 7.25%.  This action will help ensure the long-term viability of the Plan to properly fund the benefits for members.