b'LOS ANGELES FIRE AND POLICE PENSION SYSTEM NOTES TO FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023 NOTE 6NET OTHER POST-EMPLOYMENT BENEFITS LIABILITY (Continued)Health Subsidy Plan MembershipThe component of the Health Subsidy Plan membership at June 30, 2024 and 2023, are as follows: 2024 2023Retired Members10,59910,260Beneficiaries 1,692 1,712Vested Terminated Members9841,017Active Members 12,36912,57125,64425,560 NOTE 7CASH, TEMPORARY INVESTMENTS, AND OTHER INVESTMENTSCash and Temporary Investments TheSystemconsidersinvestmentspurchasedwithamaturityof12monthsorlesstobetemporary investments.At June 30, 2024, cash and temporary investments consisted of $6,926,807 cash held by the City Treasurers office and $1,226,527,294 in collective short-term investment funds (STIF).At June 30, 2023, cash and temporary investments consisted of $7,966,474 cash held by the City Treasurers office and $777,050,780 in collective short-term investment funds (STIF). Cash held by the City Treasurers office is pooled with funds of other City agencies and is not individually identifiable. The temporary investments are not leveled and not included in the following fair value measurements hierarchy table. Fair Value of InvestmentsThe System measures and categorizes its investments using fair value measurements guidelines established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. The levels of valuation inputs are as follows:Level 1Quoted prices for identical assets or liabilities in an active market Level 2Observable inputs other than quoted market prices; and, Level 3Unobservable inputs.36 SECTION 2 Financials 53'