1990 Annual Report -2- Fire and Police Pension Systems CITY of Los ANGELES CALIFORNIA
ANNUAL REPORT < 1990 CITY OF LOS ANGELES DEPARTMENT OF PENSIONS FIRE AND POLICE PENSION SYSTEMS Department of Pensions, _ 360 East Second Street • Suite 600 • Los Angeles, California 90012 Annual Report 1990 Gary Mattingly General Manager James J. Mcfhiigan Allan Moore Assistant Manager Assistant Manager Siegfried O. Hillmer Dennis R. Sugino Assistant CityAttorney Chief Investment Officer Actuary Auditor Custodian Bank The Wyatt Company Deloitte & Touche Bankers Trust Company Table of Contents Membership Active Membership, ,.,, , .. , , . 5 Retired Membership ,, ., , , . , .... 7 Types of Pensions o S er'V'.l,ce.n..-enswns. , , , , ¥l,A,"' Disability Pensions . .,, ' .,. .. .. 12 Actuarial Report , . , . , , .. ,, 16 Investments , , ,, , 20 Auditor's Report. , , , ,24 Budget , . , , 29 Legal Summary , ,,. ,., 31 Description of Pension Benefits 38 Milestones , ., .. 42 MAYOR Tom Bradley City Attorney Controller James Kenneth Hahn Rick Tuttle CITY COUNCIL John Ferraro, President Marvin Braude, President Pro Tempore Gloria Molina Joel Wachs JoyPicus First District Second District Third District John Ferraro ZevYaroslavsky Ruth Galanter Fourth District Fifth District Sixth District Ernani Bernardi Robert C. Farrell Gilbert W.Lindsay Seventh District Eighth District Ninth District Nate Holden Marvin Braude Hal Bernson Tenth District Eleventh District Twelfth District Michael Woo Richard Alatorre Joan Milke Flores Thirteenth District Fourteenth District Fifteenth District BOARD OF PENSION COMMISSIONERS Dellene Arthur, President Kenneth E. Staggs Kenyon S. Chan VicePresident Commissioner Sam Diannitto Paul C. Hudson Commissioner Commissioner Dave Velasquez Leland Wong Commissioner Commissioner Dept. of Pensions 1990 Annual Report -2- Fire and Police Pension Systems CITY OF Los ANGELES CALIFORNIA DEPARTMENT OF ALLAN E.MOORE PENSIONS ASSISTANT GENERAL MANAGER-FISCAL 360 EAST SECOND STREET JAMES J. McGUIGAN SUITE 600 ASSISTANT GENERAL MANAGER-BENEFITS LOS ANGELES.
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