b'LOS ANGELES FIRE AND POLICE PENSION SYSTEM NOTES TO FINANCIAL STATEMENTS JUNE 30, 2024 AND 2023NOTE 16SUBSEQUENT EVENTS (Continued)Measure FFLos Angeles Fire and Police Pensions; Peace Officers Pension Changes (Continued)If Measure FF passes, the following changes will take effect:TransferProcessforLACERSPeaceOfficers:TheCityCouncilwillestablishaprocessfor LACERS Peace Officers, actively employed on January 12, 2025, to make a one-time decision to transfer their membership, years of service, and retirement contributions from LACERS to LAFPP Tier 6.Service Years and Contributions Transfer: Certain LAFPP Tier 6 members will be allowed to transfer their remaining years of service and retirement contributions from LACERS to LAFPP Tier 6. Refund of Out-of-Pocket Costs: LAFPP will issue refunds for out-of-pocket costs paid by eligible Tier 6 Members who previously transferred from LACERS to LAFPP Tier 6. City-Funded Expenses: The City will bear all expenses and ongoing increased costs associated with the transfer of LACERS Peace Officers, including the refunds described above, to ensure no additional costs on LAFPP.The final result for this measure is not available as of November 27, 2024, the date the financial statements were issued.55 72 LAFPP ANNUAL REPORT 2024'