b'LOS ANGELES FIRE AND POLICE PENSION SYSTEM REQUIRED SUPPLMENTARY INFORMATION HEALTH SUBSIDY PLAN SHEDULE OF CHANGES IN NET OTHER POSTEMPLOYMENT BENEFITS LIABILITY AND RELATED RATIO ($ in Thousands)(Unaudited)June 30, 2024 June 30, 2023 June 30, 2022 June 30, 2021 June 30, 2020Total OPEB Liability: Service Cost $ 83,191 $ 77,653 $ 79,825 $ 80,618 $ 79,394Interest267,221255,593266,036260,018263,088Benefit Payments (164,341) (153,918) (147,467) (151,855) (143,600)Experience Losses (Gains)61918,082( 8,923)8,191 (190,525)Assumption Changes64,999 (31,715) (333,313) (113,656)80,297Other 1-Net Change251,689165,695 (143,842)83,31688,654Total OPEB Liability at Beginning of Year3,815,0273,649,3323,793,1743,709,8583,621,204Total OPEB Liability at End of Year (a) $ 4,066,716 $ 3,815,027 $ 3,649,332 $ 3,793,174 $ 3,709,858Fiduciary Net Position: Employer Contributions $164,560 $186,418 $ 193,140 $200,425 $193,213Net Investment Income287,508214,764 (209,565)698,43458,101Benefit Payments (164,341) (153,918) (147,467) (151,856) (143,600)Administrative Expenses( 2,701)( 2,571) (2,296)( 2,141) (1,982)Other 1-Net Change (Gain)285,026244,693 (166,188)744,862105,732Fiduciary Net Position at Beginning of Year2,966,8152,722,1222,888,3102,143,4482,037,716Fiduciary Net Position at End of Year (b) 2 $ 3,251,841 $ 2,966,815 $ 2,722,122 $ 2,888,310 $ 2,143,448Net OPEB Liability/(Asset) (a)-(b) $814,875 $848,212 $927,210 $ 904,864 $ 1,566,410Plan fiduciary net position as a percentage of the total OPEB liability79.96% 77.77% 74.59% 76.14% 57.78%Covered employee payroll $ 1,600,181 $ 1,608,133 $ 1,598,685 $ 1,603,349 $ 1,509,613Plan net position liability as a percentage of covered employee payroll 50.92% 52.75% 58.00% 56.44% 103.76% Notes to Schedule:GASB Statement No. 74 requires this information to be reported for 10 years. Additional years will be displayed as the information is available.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) Includes employer contributions transferred from the Los Angeles City Employees Retirement System (LACERS) for the Airport Police members 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.63 80 LAFPP ANNUAL REPORT 2024'