Los Angeles County Employees Retirement Association (LACERA) vs Los Angeles Fire & Police Pensions (LAFPP)
Side-by-side pension health comparison from DOL and public plan data
Los Angeles County Employees Retirement Association (LACERA) (B) and Los Angeles Fire & Police Pensions (LAFPP) (A) are close on the LakeQuality rubric. Funding ratios sit at 75% and 90% respectively — within a few points of each other.
With grades this close, the comparison turns on plan-specific factors: status (active vs frozen), participant maturity, sponsor financial health, and multi-year trajectory rather than the headline composite.
Verdict
Los Angeles Fire & Police Pensions (LAFPP) has a stronger Pension Health Score of 84/100 (A) compared to Los Angeles County Employees Retirement Association (LACERA) at 70/100 (B). Funding ratios differ by 14.3 percentage points (89.5% vs 75.2%). Los Angeles Fire & Police Pensions (LAFPP) covers 27,500 participants.
| Metric | Los Angeles County Employees Retirement Association (LACERA) | Los Angeles Fire & Police Pensions (LAFPP) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 70/100 (B) | 84/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 75.2% | 89.5%* |
| Total Assets | $73.5B | $31.2B |
| Total Liabilities | $97.7B | $34.9B* |
| Unfunded Liability | $24.2B | $3.7B* |
| Participants | 186,000 | 27,500 |
| 1-Year Investment Return | 6.1% | 6.5%* |
| Plan Type | public | public |
| PBGC Risk Level | moderate | low |
| Sponsor | Los Angeles County | City of Los Angeles |
Los Angeles Fire & Police Pensions (LAFPP) has a stronger Pension Health Score of 84/100 (A) compared to Los Angeles County Employees Retirement Association (LACERA) at 70/100 (B). Funding ratios differ by 14.3 percentage points (89.5% vs 75.2%). Los Angeles Fire & Police Pensions (LAFPP) covers 27,500 participants.
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