JUNE 2026
PENSION
PERSPECTIVES
Los Angeles Fire & Police Pensions Retired/DROP Member Newsletter
INSIDE
2026 COST OF LIVING 
ADJUSTMENT IS 2.9% 
The Cost-of-Living Adjustment (COLA) is 2.9% for 2026 and was 
approved by the Board of Fire and Police Pension Commissioners on 
April 2, 2026. The COLA will be effective July 1, 2026, and all eligible 
pensioners and Deferred Retirement Option Plan (DROP) participants 
will receive an increase beginning with the pension payment/DROP 
account deposit dated July 31, 2026. 
•	
Tiers 1 & 2 retirees and beneficiaries will receive 2.9%. Tier 2 DROP 
participants will receive 2.9%.
•	
Tiers 3 & 4 retirees, beneficiaries, and DROP participants will receive 
up to 2.9%. 
•	
Tiers 5 & 6 retirees, beneficiaries, and DROP participants will receive 
up to 2.9%, and those with an available COLA bank balance will 
withdraw 0.1% from their COLA bank*, for a total COLA of 3.0%. 
For new pensioners and DROP entrants in Tiers 3-6, the first year’s 
COLA is prorated based on the number of complete months since the 
pension effective date. Therefore, these members may not receive the 
full 2.9% increase.
*Must have retired or entered DROP with a pension effective date prior 
to June 2, 2025, in order to have an available COLA bank balance. 
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06
08
2026 
Non-Medicare 
Retiree Health 
Subsidy Increase
Protect Yourself 
From Financial 
Scams 
2025 Annual 
Report Available 
Online
Continued on page 3

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