b'LOS ANGELES FIRE AND POLICE PENSION SYSTEM REQUIRED SUPPLMENTARY INFORMATION PENSION PLAN SCHEDULE OF EMPLOYER CONTRIBUTIONS ($ in Thousands)(Unaudited)ActuariallyActual Fiscal YearDeterminedFiscal YearDeficiencyCoveredContribution as Ending Contribution Contribution (Excess) Payroll(3) % of Payroll(1)6/30/2024 $ 480,810 $ 480,810- $1,600,181 30%6/30/2023481,824481,824-1,608,133 30%6/30/2022535,450535,450-1,598,685 33%6/30/2021543,819543,819- 1,603,349 34%6/30/2020516,638516,638-1,509,613 34%6/30/2019504,877504,877-1,487,978 34%6/30/2018459,632 (2)459,632 (2)- 1,451,996 32%6/30/2017454,309454,309- 1,397,245 33%6/30/2016478,385478,385- 1,351,788 35%6/30/2015480,332480,332-1,316,969 36% Notes to Schedule:GASB Statement No.67 requires this information to be reported for 10 years.(1) Contribution rate as a percentage of covered payroll reflects discount applied when the employer prepays its contributions. This rate has been backed into by dividing the actual contributions by the budgeted covered payroll.(2) Amount excluded $1.3 million transferred from the Los Angeles City Employees Retirement System (LACERS) for the Airport Police members who elected to join the Pension Plan in Tier 6.(3)Covered payroll represents payroll on which contributions to the Pension Plan are based.See accompanying notes to required schedule and accompanying independent auditors report.59 76 LAFPP ANNUAL REPORT 2024'