Los Angeles Fire & Police Pension

What Los Angeles Fire & Police Pension does

Los Angeles Fire & Police Pension (LAFPP) is a municipal defined benefit pension system established on June 7, 1899, serving sworn employees of the Los Angeles Fire Department, Los Angeles Police Department, Port of Los Angeles (Harbor) Department, and Los Angeles World Airports (Airport) Department. The fund administers retirement benefits across six membership tiers—Tier 6 currently accepting new entrants—for approximately 26,702 members, comprising 12,571 active members and 14,131 retirees and beneficiaries. LAFPP manages an unaudited investment portfolio of $38.04 billion as of June 30, 2026, making it one of the larger public safety pension systems in the United States.

LAFPP is governed by a nine-member Board of Fire and Police Pension Commissioners and is headquartered at 701 E 3rd Street, Suite 200, Los Angeles. Member benefits include defined benefit pensions, a Deferred Retirement Option Plan (DROP) with a 5% guaranteed annual interest credit, an annual cost-of-living adjustment (set at 2.9% for 2026), and a non-Medicare health subsidy of $2,523 per month for 2026. The system also operates the MyLAFPP self-service portal to provide members digital access to account information and administrative services.

As a public-sector entity, LAFPP does not generate commercial revenue. Its financial inflows consist of mandated member contributions, City of Los Angeles employer contributions, and net investment returns on the $38.04 billion portfolio. All funding is directed toward the payment of accrued pension, DROP, health, and ancillary benefits to vested members and their beneficiaries. The system holds no commercial product lines, no technology platforms marketed externally, and no expansion outside its statutory mandate.

Name

Los Angeles Fire & Police Pension

Legal name

Los Angeles Fire and Police Pensions

Website

https://lafpp.lacity.gov

Company type

Public

Founded year

1899

Operating status

Operating

Headcount range

51–100 employees

Short description

LAFPP is a municipal defined benefit pension system founded in 1899, administering a $38.04 billion investment portfolio for approximately 26,700 active and retired sworn personnel of the Los Angeles Fire, Police, Harbor, and Airport departments.

Ownership category

akta.pro rank

Product category

Public Pension Administration

NAICS

Pension Funds (525110), Pension Funds (52511), Insurance and Employee Benefit Funds (5251)

akta.pro primary industry

Pensions & Retirement Benefits Administration (BPAIAKAA)

akta.pro secondary industries

Employee Benefit & Retirement Plan Trust Services (FSAAANAC), Liability-Driven Investment (LDI) & Pension Risk Transfer (PRT) Asset Management (FSAAAGAI)

Keywords

• Public pension administration
• Defined benefit retirement
• Public safety pensions
• Pension fund management
• Retirement benefit services

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure

Revenue model

1. Investment Returns: LAFPP manages a $38.04 billion investment portfolio generating returns to fund pension obligations. The fund uses professional investment management across public equity, fixed income, private equity, private credit, and real estate asset classes.
2. Member Contributions: Sworn members of Fire, Police, Harbor, and Airport departments contribute to the pension system based on their tier and salary.
3. City of Los Angeles Contributions: The City of Los Angeles contributes to fund the pension system for its sworn employees.

Distribution channels2 records

Marketing channels5 records

Core offering

Los Angeles Fire and Police Pensions (LAFPP) administers a defined benefit retirement system for sworn employees of the Los Angeles Fire, Police, Harbor, and Airport Departments. Core offerings include tiered service pensions (Tiers 1-6), the Deferred Retirement Option Plan (DROP) with a guaranteed 5% annual interest rate, disability pensions, survivor benefits, and retiree health and dental subsidies. Members access services through the MyLAFPP self-service portal.

Product overview

Los Angeles Fire and Police Pensions (LAFPP) is a government pension administration system that administers a defined benefit retirement plan for sworn employees of the Los Angeles Fire, Police, Harbor, and Airport departments. The organization provides a portfolio of services including tiered pension plans (Tiers 1-6), the Deferred Retirement Option Plan (DROP), disability and survivor benefits, and a retiree health and dental subsidy program. Members access services through the MyLAFPP self-service portal. LAFPP serves 12,571 active members and 14,131 retirees and beneficiaries, managing a $38 billion investment portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Pension Administration Services
• DROP (Deferred Retirement Option Plan)
• Disability Pensions
• Survivor Benefits
• Health and Dental Subsidy Program
• MyLAFPP Member Portal

Quantifiable outcome

• 2026 COLA of 2.9% applied to pension payments
• +1 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• New York City Fire Department Pension Fund: The New York City Fire Department Pension Fund provides retirement benefits specifically for FDNY firefighters. While geographically distinct, this is one of the few specialized public safety pension funds in the U.S., making it directly comparable to LAFPP's narrow sworn employee focus.
• Los Angeles County Employees Retirement Association (LACERA): LACERA is the sister public pension system for Los Angeles County employees, providing defined benefit retirement benefits to general county workers. As a comparable large municipal pension in the same metropolitan area, LACERA shares similar investment strategies, governance structures, and demographic challenges.
• San Francisco Employees' Retirement System (SFERS): SFERS administers defined benefit pensions for San Francisco municipal employees, including public safety personnel. As a comparable California municipal pension system with similar tier structures and benefit designs, SFERS is a direct peer for service offerings and member engagement approaches.
• New York City Police Pension Fund: The NYPD Pension Fund provides defined benefit retirement benefits for New York City police officers. Like LAFPP, it serves a specialized public safety workforce with similar benefit structures, tiered plans, and DROP-equivalent programs, making it a strong functional peer despite geographic distance.
• Chicago Policemen's Annuity & Benefit Fund: Chicago's police pension fund provides retirement benefits for sworn Chicago police officers. As another major-city public safety pension system with defined benefit structure, it offers comparable insights into actuarial practices, member services, and investment approaches for similar member populations.
• San Diego City Employees' Retirement System (SDCERS): SDCERS provides retirement benefits for City of San Diego employees, including public safety members. As another California municipal pension system with similar defined benefit structure and sworn employee coverage, SDCERS shares comparable operational and demographic characteristics with LAFPP.

Broad incumbents

• California Public Employees' Retirement System (CalPERS): CalPERS is the largest public pension system in the United States, managing over $500B in assets for California state and local government employees. As a broader incumbent in the same California pension ecosystem, CalPERS provides a benchmark for LAFPP's investment approach and policy framework.
• Texas Municipal Retirement System (TMRS): TMRS provides retirement services to over 900 Texas municipal employees, including many public safety personnel. As a multi-employer public pension system, TMRS offers a different model but serves similar municipal employee populations with comparable benefit needs.
• California State Teachers' Retirement System (CalSTRS): CalSTRS is California's teacher pension system managing over $300B in assets. While focused on educators rather than public safety, CalSTRS operates under similar California regulatory frameworks and provides benchmark peer insights on portfolio construction and member services.

Regional players

• Orange County Employees Retirement System (OCERS): OCERS provides retirement benefits for Orange County, California employees, including public safety personnel. As a Southern California public pension system, OCERS shares regulatory and demographic similarities with LAFPP while serving a different geographic territory.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• YouTubeyoutube.com/channel/UCxqmHLsB3cGv4H0dD9aN7YQ
• Xx.com/lafpp
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/lafpp

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Los Angeles Fire & Police Pension