State Data » California » Los Angeles Fire and Police » Los Angeles Fire and Police

Los Angeles Fire and Police Basics

  • Established 1901
  • Currently open to new hires
  • Plan covers police and/or fire
  • Plan members not covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, Los Angeles Fire and Police, 2001-2019

Fiscal Year Net Assets (billions)
2001 11.4
2002 10.1
2003 10.2
2004 11.6
2005 11.8
2006 12.9
2007 14.8
2008 13.6
2009 10.4
2010 11.4
2011 13.5
2012 13.3
2013 14.7
2014 17.0
2015 17.3
2016 17.1
2017 19.0
2018 20.5
2019 21.3

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2019

Fiscal Year Los Angeles Fire and Police US State and Local Pensions
2001 1.1 1.4
2002 1.0 1.4
2003 1.1 1.3
2004 1.1 1.3
2005 1.1 1.3
2006 1.1 1.3
2007 1.1 1.3
2008 1.1 1.3
2009 1.1 1.3
2010 1.1 1.2
2011 1.1 1.2
2012 1.1 1.2
2013 1.1 1.1
2014 1.0 1.1
2015 1.0 1.1
2016 1.0 1.1
2017 1.0 1.0
2018 1.0 1.0
2019 1.0 1.0

Source: Public Plans Database

National data averages are weighted by plan size.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Los Angeles Fire and Police, 2001-2019

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll {role:annotation}
2001 12.9 0.0 14.5 12.9 12.9
2002 7.7 0.0 13.5 7.7 7.7
2003 6.7 0.0 17.5 6.7 6.7
2004 9.7 0.0 20.1 9.7 9.7
2005 13.1 0.0 21.2 13.1 13.1
2006 13.2 0.0 22.8 13.2 13.2
2007 19.8 0.0 25.0 19.8 19.8
2008 21.7 0.0 25.2 21.7 21.7
2009 17.6 0.0 26.2 17.6 17.6
2010 18.5 0.0 27.6 18.5 18.5
2011 20.6 0.0 29.6 20.6 20.6
2012 24.0 0.0 31.0 24.0 24.0
2013 27.5 0.0 31.2 27.5 27.5
2014 31.4 0.0 31.8 31.4 31.4
2015 34.2 0.0 33.9 34.2 34.2
2016 34.2 0.0 35.3 34.2 34.2
2017 30.8 0.0 33.3 30.8 30.8
2018 29.7 0.0 33.1 29.7 29.7
2019 31.9 0.0 34.3 31.9 31.9

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Los Angeles Fire and Police, 2001-2019

Fiscal Year Los Angeles Fire and Police National Data
2001 118.9 98.0
2002 108.3 88.4
2003 104.3 85.5
2004 103.0 81.5
2005 94.1 79.2
2006 94.6 80.4
2007 99.2 84.0
2008 99.1 78.7
2009 96.2 77.3
2010 91.6 75.2
2011 86.3 71.9
2012 83.7 70.6
2013 83.1 70.8
2014 86.6 72.1
2015 91.5 74.1
2016 93.9 72.5
2017 91.5 72.0
2018 92.9 72.8
2019 93.6 72.4

Source: Public Plans Database

National data averages are weighted by plan size and reflects the average for plans of similar type and Social Security coverage.

Investments

Asset Allocation for Los Angeles Fire and Police, 2019

Category Percent
Equities 51.6
Fixed Income 21.0
Private Equity 10.5
Real Estate 8.5
Cash 4.1
Other 0.0
Commodities 4.4
Hedge Fund 0.0
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.2
Fixed Income 22.9
Private Equity 9.0
Real Estate 9.0
Cash 1.8
Other 0.0
Commodities 1.9
Hedge Fund 6.7
Misc. Alternatives 1.5

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Los Angeles Fire and Police, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 56.4 25.2 3.3 7.6 7.5 0.0 0.0 0.0 0.0
2002 55.0 27.7 3.5 8.0 5.8 0.0 0.0 0.0 0.0
2003 54.1 31.4 3.5 7.6 3.4 0.0 0.0 0.0 0.0
2004 60.3 28.0 3.5 6.7 1.5 0.0 0.0 0.0 0.0
2005 62.4 28.1 3.2 4.7 1.6 0.0 0.0 0.0 0.0
2006 61.3 26.5 3.7 6.2 2.3 0.0 0.0 0.0 0.0
2007 63.2 23.5 3.4 7.0 0.9 0.0 0.0 2.0 0.0
2008 60.6 22.9 4.2 8.4 0.7 0.0 0.0 3.2 0.0
2009 55.2 25.7 5.5 7.6 1.4 0.0 0.0 4.6 0.0
2010 54.2 25.5 6.8 7.4 1.7 0.0 0.0 4.4 0.0
2011 58.3 21.8 7.4 7.6 0.8 0.0 0.0 4.0 0.0
2012 53.1 23.4 8.6 8.9 2.1 0.0 0.0 4.0 0.0
2013 57.3 20.6 8.3 8.2 2.0 0.0 0.1 3.5 0.0
2014 57.9 20.1 8.2 9.1 3.4 0.0 1.0 0.0 0.0
2015 54.8 21.7 8.7 10.3 1.7 0.0 2.8 0.0 0.0
2016 51.2 22.9 9.3 10.8 1.8 0.0 3.9 0.0 0.0
2017 53.5 20.5 9.4 9.7 2.8 0.0 4.2 0.0 0.0
2018 53.0 19.5 9.9 8.4 4.6 0.0 4.7 0.0 0.0
2019 51.6 21.0 10.5 8.5 4.1 0.0 4.4 0.0 0.0

Source: Public Plans Database


Annual Return as of June 30 for Los Angeles Fire and Police, 2001-2019

Fiscal Year Los Angeles Fire and Police Assumed return
2001 -10.00 8.50
2002 -7.97 8.50
2003 5.47 8.50
2004 16.92 8.50
2005 10.07 8.50
2006 12.48 8.00
2007 18.50 8.00
2008 -4.58 8.00
2009 -19.97 8.00
2010 13.91 7.75
2011 22.09 7.75
2012 1.89 7.75
2013 13.01 7.75
2014 17.84 7.50
2015 4.01 7.50
2016 0.91 7.50
2017 13.13 7.50
2018 9.21 7.50
2019 6.21 7.25

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Los Angeles Fire and Police
2001-2019

Fiscal Year Cash Flow Assets
2001 -284.9 11,382.7
2002 -334.9 10,065.7
2003 -372.0 10,198.8
2004 -367.2 11,570.2
2005 -353.1 11,773.0
2006 -381.0 12,852.4
2007 -433.4 14,756.6
2008 -409.2 13,619.4
2009 -435.4 10,379.8
2010 -426.9 11,404.0
2011 -420.0 13,524.2
2012 -404.4 13,347.1
2013 -374.5 14,680.4
2014 -307.8 17,001.7
2015 -329.6 17,346.6
2016 -401.6 17,104.3
2017 -366.0 18,998.4
2018 -408.3 20,482.6
2019 -438.1 21,262.2

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Los Angeles Fire and Police
2001-2019

Fiscal Year Los Angeles Fire and Police National Average
2001 -2.5 -2.2
2002 -3.3 -2.2
2003 -3.6 -2.3
2004 -3.2 -1.8
2005 -3.0 0.8
2006 -3.0 -1.4
2007 -2.9 -1.4
2008 -3.0 -1.5
2009 -4.2 -2.3
2010 -3.7 -2.1
2011 -3.1 -2.0
2012 -3.0 -2.2
2013 -2.6 -2.4
2014 -1.8 -1.9
2015 -1.9 -1.7
2016 -2.3 -2.1
2017 -1.9 -2.1
2018 -2.0 -2.2
2019 -2.1 -2.2

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports

Benefits

Website for Los Angeles Fire and Police benefit descriptions.