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, 2019 June 30, 2018 June 30, 2017 June 30, 2016Total OPEB Liability: Service Cost $ 74,090 $ 69,940 $ 65,407 $ 61,292Interest260,513243,769231,285222,424Benefit Payments (137,874) (130,722) (122,561) (116,678)Experience Losses (Gains) (249,568)( 16,532) (144,022)( 50,071)Assumption Changes85,91163,332248,049-Other 1-517Net Change33,072230,304278,158116,967Total OPEB Liability at Beginning of Year3,588,132 3 ,357,828 3 ,079,670 2 ,962,703Total OPEB Liability at End of Year (a) $ 3,621,204 $ 3,588,132 $ 3,357,828 $ 3,079,670Fiduciary Net Position: Employer Contributions $ 188,020 $ 178,462 $ 165,170 $ 150,315Net Investment Income111,188166,040189,42012,771Benefit Payments (137,874) (130,722) (122,561) (116,678)Administrative Expenses(1,856)(1,745)(1,747)(1,551)Other 1-517Net Change (Gain)159,478212,552230,28244,857Fiduciary Net Position at Beginning of Year 1 ,878,2381,665,6861,435,404 1 ,390,547Fiduciary Net Position at End of Year (b) 2 $ 2,037,716 $ 1,878,238 $ 1,665,686 $ 1,435,404Net OPEB Liability/(Asset) (a)-(b) $ 1,583,488 $ 1,709,894 $ 1,692,142 $ 1,644,266Plan fiduciary net position as a percentage of the total OPEB liability56.27% 52.35% 49.61% 46.61%Covered employee payroll $ 1,487,978 $ 1,451,996 $ 1,397,245 $ 1,351,788Plan net position liability as a percentage of covered employee payroll 106.42% 117.76% 121.11% 121.64% 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 contributions referenced in footnote(1) . See accompanying notes to required schedule and accompanying independent auditors report.64 SECTION 2 Financials 81'