After nine years at the helm, Ray Ciranna, General Manager of Los Angeles Fire and Police Pensions (LAFPP), retired last September. He has served as General Manager of LAFPP since May 2013, and also acted as Chief Investment Officer after the resignation of the previous CIO, Ray Joseph.
Previously, Ray Ciranna had served as the Assistant City Administrative Officer from 2006-13.
During his tenure at Fire and Police Pensions, Ray led the department to achieve many milestones, including the implementation of a new pension administration system; the purchase of a dedicated department administration building in the Los Angeles Arts District; ten-year average returns of 9.95 percent; total fund asset growth from $18 billion to $30 billion; and a funding status increase from 83 percent to 96 percent. The continued progress of the department’s business continuity plan was the key to continuing essential services to its members without interruption during the COVID-19 restrictions. (This data is according to an official Fire and Police Pensions release.)
Ray Ciranna expressed that it was his great honor to serve those who protect the City and thanked the Board and staff for their incredible dedication to Fire and Police Pensions members. “Out of my 32 years of service with the City, the last nine as GM of LAFPP have been the most rewarding because of the staff, the Board, and our members,” he said.
LAFPP Board President Brian Pendleton said, “Ray’s extraordinary impact on LAFPP will be felt for years to come. The staff he assembled, trained, and supported are the best in the business and despite Ray’s departure his legacy will live on.”
Congratulations on your productive career, Ray! Best wishes in your retirement.