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LAFPP is pleased to present our <a href="https://content.lafpp.com/wp-content/uploads/2024/02/2023LAFPPAnnualReport_webcopy.pdf" target="_blank" rel="noreferrer noopener">2023 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, 2023.



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



<ul>
<li>The System serves approximately 27,478&nbsp;members, including active, DROP, deferred vested, and retired members and beneficiaries.</li>



<li>Pension benefits were actuarially funded at 99.5% (change of +1.5%) and health subsidy benefits were funded at 77.7% (change of +3.4%). The combined funded&nbsp;status for pension and health benefits is 96.8% (change of +1.8%).</li>



<li>System assets totaled $29.39&nbsp;billion on a market value basis.</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 the <a href="https://content.lafpp.com/investments/financial-reports/" class="broken_link">Financial Reports</a> page of our website.

LAFPP’S 2023 ANNUAL REPORT IS NOW AVAILABLE!

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