b'2006 An ordinance was effective January 4, 2006, which gave current Port Police Officers the choice of trans-ferring to Tier 5 or remaining in the Los Angeles City Employees Retirement System. Persons appointed on or after January 8, 2006, as specified in the ordinance, become members of Tier 5 upon graduation from academy training required by the Harbor Department.The actuarial valuation of 2005 found the Plan less than 100% funded for pension benefits. As required by the Los Angeles Administrative Code, Tier 5 member contributions were increased to 9% effective July 1, 2006.174 LAFPP ANNUAL REPORT 2024 Eric Fox Photo'