Would amend the City Charter to allow peace officers employed by the Police, Airport, Harbor, and Recreation and Parks Departments to transfer membership and service from the Los Angeles City Employees’ Retirement System to the Los Angeles Fire and Police Pension Plan; and require the City to pay associated costs, including refunds to certain Airport and Police Department members for prior transfers. Measure FF requires 50%+1 of the vote in order to pass.
Fiscal Impact: The estimated one-time cost is $109,500,000, including $106,000,000 for transfer costs and $3,500,000 for refunds. The estimated annual cost is $6,300,000, adjusted annually proportional to payroll changes. The City’s General Fund, Airport Revenue Fund, and Harbor Revenue Fund will pay all costs for their respective affected members. The General Fund will pay approximately $23,000,000 for the one-time payment and $1,000,000 annually, adjusted annually proportional to payroll changes.
Next Los Angeles County Measure: Measure HH