b'LOS ANGELES FIRE AND POLICE PENSION SYSTEM NOTES TO FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023NOTE 6NET OTHER POSTEMPLOYMENT BENEFITS LIABILITY (Continued)Sensitivity AnalysisThe following presents the NOL of the System as of June 30, 2024 and 2023, calculated using the discount rate of 7.00%, as well as what the Systems NOL 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%)NOL as of June 30, 2024 $1,422,652,887 $814,874,572 $ 324,035,596NOL as of June 30, 2023 $1,412,582,167 $ 848,211,765 $ 391,584,766 Sensitivity Analysis to Changes in Trend RateThe following presents the NOL of the Health Subsidy Plan of the System as of June 30, 2024 and 2023, as well as what the Systems NOL would be if it were calculated using a trend rate that is 1-percentage-point lower or 1-percentage-point higher than the current rate: 1% Decrease Current Trend 1% IncreaseNOL as of June 30, 2024 $305,891,045 $ 814,874,572 $ 1,456,287,982NOL as of June 30, 2023 $ 374,973,758 $ 848,211,765 $ 1,443,519,710 Actuarial assumptions for Other Post-employment BenefitsAdditional information from the actuarial valuations as of June 30, 2024 and 2023 are as follows:June 30, 2024 June 30, 2023Non-Medicare Medical Plan 7.00%, then graded down to an7.25%, then graded down to an ultimate of 4.50% over 10 years ultimate of 4.50% over 11 yearsMedicare Medical Plan 10.00%, then 6.50% graded to 4.50% 6.50%, then graded down to anultimate over 8 years ultimate of 4.50% over 8 yearsDental3.00% 3.00%Medicare Part B 6.20% for 9 years, then 5.75% graded5.20%, then 4.50% thereafterto 4.50% ultimate over 5 yearsMedical Subsidy TrendType of Member:(For employees not subject to subsidy freezeNon-Medicare retirees Increase by the lesser of 7.00%, or non- Increase by the lesser of 7.00%, or non-Medicare trend Medicare trend.Member retirees with single party premium Increase with medical trend. Increase with medical trend.Member retirees with 2-party premium lessIncrease with medical trend. Increase with medical trend.than or equal to the maximum subsidy (e.g., Fire Kaiser)Medicare retirees with 2-party premiumIncrease based on a combination ofIncrease with lesser of 7.00%, or greater than the maximum subsidy (e.g., Police Medicare maximum subsidy trend andmedical trend.Blue Cross PPO) the Medicare plan trend for that particular health plan. 33 50 LAFPP ANNUAL REPORT 2024'