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LAFPP is pleased to present our <a href="https://content.lafpp.com/wp-content/uploads/2023/06/lafpp_-_2021_annual_report_final_web.pdf" target="_blank" rel="noreferrer noopener">2021 Annual Report</a>. This report provides financial information, such as the department’s budget summary, investment performance, asset allocation data, plan actuarial data, statistical information, and a summary of plan provisions for the fiscal year ending June 30, 2021.



Some of the highlights in this year’s report include:



<ul>
<li>The System serves approximately 26,983&nbsp;members, including active, DROP, deferred vested, and retired members and beneficiaries.</li>



<li>Pension benefits were actuarially funded at 96.8% (change of +3.6%) and health subsidy benefits were funded at 64.7% (change of +5%). The combined funded&nbsp;status for pension and health benefits is 92.5% (change of +3.9%).</li>



<li>System assets totaled over $30 billion on a market value basis.</li>



<li>The investment rate of return for Fiscal Year 2020-21&nbsp;was 32.56%.</li>
</ul>







LAFPP continues to grow as an organization as we strive to be a leader and innovator in the public pension industry. The Board and staff are committed to prudent and sound investment strategies to grow and protect Plan assets over the long-term to secure the retirement benefits of our members.



In addition to this report, our historical annual reports, actuarial valuations, and financial statements are available on our website under&nbsp;<a href="https://content.lafpp.com/investments/financial-reports/" class="broken_link">Financial Reports</a>.

LAFPP’S 2021 ANNUAL REPORT IS NOW AVAILABLE!

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