b'MESSAGE FR OM THEGeneral ManagerINSIDEI hope this message finds you well. As we continue to prioritize transparency and keep you informed about important changes and01 2025 Cost of Living updates, I would like to share several keyAdjustment is 3.1% pieces of information regarding your pension benefits, effective July 1, 2025. 02 General Managers Message I am happy to inform you that a Cost-of-Living Adjustment (COLA) has been approved by04 2025 Non-Medicare Retiree the Board at 3.1%. All eligible pensioners andHealth Subsidy IncreaseDROP participants will receive an increase beginning with the payment/deposit dated July 31, 2025. This increase will06 Social Security Fairness Actensure that your pension keeps pace with inflation and help maintain your purchasing power in retirement.07Tax Withholding Elections In addition to the COLA, the maximum Non-Medicare Retiree Health SubsidyHow To Make Updatesfor retired members will increase by 7% to $2,398.29 per month. This subsidy helps to offset the cost of healthcare for our retired members and08 Fraud Prevention: their covered dependents. We are committed to supporting your healthHow to Protect Your Online and well-being in retirement, and this adjustment will provide continuedMyLAFPP Accountassistance with your healthcare premiums.Furthermore, I am pleased to announce that the 2024 Annual Report is09 Other News & Informationnow available on our website at lafpp.lacity.gov. This report provides a comprehensive overview of the Funds financial performance, investment10 Board News & Informationresults, and other relevant activities that ensure the long-term stability of your pension benefits. We encourage you to take a moment to review the11 Contact Information & Morereport and stay informed about the ongoing work we are doing to safeguard your retirement.We value the sacrifices youve made in service to your communities, and we are committed to ensuring your financial security and well-being throughout your retirement. Thank you for your continued trust in the Fire & Police Pension system.Sincerely,Joe Salazar, CEBSGeneral ManagerIf you have any questions or comments, please contact us at (213) 279-3000 or via email at [email protected] PENSION PERSPECTIVES'