b'LOS ANGELES FIRE AND POLICE PENSION SYSTEM NOTES TO FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023NOTE 5NET PENSION LIABILITY (Continued)Sensitivity AnalysisThe following presents the NPL of the System as of June 30, 2024 and 2023, calculated using the discount rate of 7.00% for 2024 and 2023, as well as what the Systems NPL would be if it were calculated using a discount rate that is 1-percentage-point lower or 1-percentage-point higher than the current rate:1% Decrease Current Discount 1% Increase(6.00%) Rate (7.00%) (8.00%)NPL as of June 30, 2024 $3,546,617,592 $ (255,356,166) $ (3,352,623,297)NPL as of June 30, 2023 $ 4,021,274,936 $ 363,619,942 $ (2,615,987,109)NOTE 6NET OTHER POST-EMPLOYMENT BENEFITS LIABILITY The components of the Systems net Other Postemployment Benefits (OPEB) liability at June 30, 2024 and 2023, were as follows: 2024 2023Total OPEB Liability $4,066,715,913 $3,815,026,871Less: Fiduciary Net Position3,251,841,341 2,966,815,106Net OPEB Liability $ 814,874,572 $848,211,765Fiduciary Net Position as a Percentage of the Total OPEB Liability 79.96% 77.77% The Net OPEB Liability (NOL) was measured as of June 30, 2024 and June 30, 2023. The Health Subsidys Net Position was valued as of the measurement date, while the Total OPEB Liability (TOL) was determined based upon the results of the funding actuarial valuations as of June 30, 2024 and 2023.Actuarial Assumptions The TOL as of June 30, 2024 and 2023 were determined by the actuarial valuations as of June 30, 2024 and 2023, respectively. The actuarial assumptions used for these valuations were based on the results of an experience study for the period from July 1, 2019 through June 30, 2022 and the health assumptions letters dated August 28, 2024 and August 29, 2023. The following actuarial assumptions were applied to all periods included in the measurements as of June 30, 2024 and 2023:Inflation Rate2.50% Projected Salary IncreaseRanges from 3.90% to 12.00% based on years of service, including inflation Investment Return Rate7.00%, including inflation but net of investment expenses. Real Across-the-Board Salary Increase0.50%30 SECTION 2 Financials 47'