b'LOS ANGELES FIRE AND POLICE PENSION SYSTEM REQUIRED SUPPLEMENTARY INFORMATION PENSION PLAN SCHEDULE OF CHANGES IN NET PENSION LIABILITY AND RELATED RATIO ($ in Thousands)(Unaudited)06/30/19 06/30/18 06/30/17 06/30/16 06/30/15Total Pension Liability: Service Cost $402,708 $ 390,743 $367,600 $365,956 $368,700Interest1,572,220 1,502,6561,436,0681,399,5761,384,527Benefit Payments (1,070,456)(994,800) (930,078) (990,363) (918,909)Experience Losses (Gains)81,465 21,700 (320,404) (595,188) (310,882)Assumption Changes357,369-695,450 Other(1) 2,505 -Net Change1,263,656922,8041,248,636 179,981523,436Total Pension Liability at Beginning of Year21,736,849 20,814,04519,565,40919,385,42818,861,992Total Pension Liability atEnd of Year (a) $ 23,000,505 $ 21,736,849 $ 20,814,045 $19,565,409 $ 19,385,428Fiduciary Net Position: Employer Contributions $ 5 04,877 $ 459,632 $454,309 $478,385 $ 4 80,332Member Contributions147,753 1 45,112128,9001 29,734126,771Net Investment Income1,218,138 1,892,8702,260,1301 59,313686,470Benefit Payments (1,070,456)(994,800) (930,078) (990,363) (918,909)Administrative Expenses (20,244)(19,908) (20,816) (19,346) (17,815)Other(1)- 2,505- Net Change (Gain)780,068 1,485,4111,892,445 (242,277)356,849Fiduciary Net Position atBeginning of Year20,482,133 18,996,72217,104,27717,346,55416,989,705Fiduciary Net Position atEnd of Year (b)(2) $ 21,262,201 $ 20,482,133 $ 18,996,722 $17,104,277 $ 17,346,554Net Pension Liability/(Asset) (a)-(b) $ 1,738,304 $1,254,716 $ 1,817,323 $ 2,461,132 $ 2,038,874Plan Fiduciary Net Position as a Percentage of92.44% 94.23% 91.27% 87.42% 89.48%the Total Pension Liability Covered Employee Payroll $ 1,487,978 $1,451,996 $ 1,397,245 $ 1,351,788 $ 1,316,969Plan Net Position Liability as a Percentage116.82% 86.41% 130.06% 182.06% 154.82%of Covered Employee PayrollNotes to Schedule:GASB Statement No.67 requires this information to be reported for 10 years.Fiduciary Net PositionThe fiduciary net position is calculated based on financial information available to the actuary for the presentation of the actuarial valuation and does not include subsequent adjustments.(1) In the fiscal year 2018, includes employer and employee contributions transferred from the Los Angeles City Employees Retirement System (LACERS) for the Airport Police Officers who elected to join the System in Tier 6. (2)Excludes the transfer of employer and employee contributions referenced in footnote(1) .See accompanying notes to required schedule and accompanying independent auditors report. 58SECTION 2 Financials 75'