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. 04 06 08 2026 Non-Medicare Retiree Health Subsidy Increase Protect Yourself From Financial Scams 2025 Annual Report Available Online Continued on page 3