b'LOS ANGELES FIRE AND POLICE PENSION SYSTEM NOTES TO FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023NOTE 5NET PENSION LIABILITY (Continued)Actuarial Assumptions (Continued)MortalityHealthy:Pub-2010 Safety Healthy Retiree Amount-Weighted Above-Median Mortality Table increased by 5% for malesandunadjustedforfemales,projected generationallywiththetwo-dimensionalmortality improvement scale MP-2021.Disabled:Pub-2010 Safety Disabled Retiree Amount-Weighted Mortality Table projected generationally with the two-dimensional mortality improvement scale MP-2021.Beneficiary:Not in Pay Status as of Valuation: Pub-2010 General HealthyRetireeAmount-WeightedAbove-Median MortalityTableincreasedby5%formalesand females,projectedgenerationallywiththetwo-dimensional mortality improvement scale MP-2021.InPayStatusasofValuation:Pub-2010General HealthyRetireeAmount-WeightedAbove-Median Mortality Table increased by 5% for males and 10% forfemales,projectedgenerationallywiththetwo-dimensional mortality improvement scale MP-2021. Investment Return RateThe long-term expected rate of return on Pension Plan investments was determined using a building-block method in which expected arithmetic real rates of return (expected returns, net of inflation and, beginning with June 30, 2023, any applicable investment management expenses) are developed for each major asset class. These returns are combined to produce the long-term expected arithmetic rate of return by weighting the expected arithmetic real rates of return by the target asset allocation percentage, adding expected inflation, subtracting expected investment management expenses (investment consulting fees, custodian fees and other miscellaneous investment expenses) and further adjusted by a risk margin. Beginning with June 30, 2023, this portfolio return is further adjusted to an expected geometric real rate of return for the portfolio. The target allocation and projected arithmetic real rates of return for each major asset class, after deducting inflation and applicable investment management expenses, are shown in the following table.These values were used in the derivation of the long-term expected investment rate of return assumption for June 30, 2024and2023.Thisinformationmaychangeeverythreeyearsbasedontheresultsofanactuarial experience study. 28 SECTION 2 Financials 45'