b'ADMINISTRATIVE EXPENSESBeginning with the June 30, 2014 valuation, the assumed investment rate of return excludes the Plans administra- Contribution Amount Allocatedtive expenses. This change was made to implement newfor Administrative Expenses*Governmental Accounting Standards Board (GASB) finan-cial reporting requirements (GASB Statements 67 and 68)Pension 1.28%so that the same investment return assumption can beHealth 0.13%used for both funding and financial reporting purposes. The actuary now recommends an explicit assumption to* Percent of total payroll. Contributions to be made on July 15, 2026.account for the Plans administrative expenses.EMPLOYER CONTRIBUTION HISTORYA history of employer contributions is illustrated in the following charts. Over the last two decades, the Citys contribution to the System for pension and health benefits has grown, although there were periods when the contribution amount was decreased due to the Systems actuarial surplus status.After the inclusion of Harbor Port Police in January 2006, the Harbor Department began making contributions to the System in Fiscal Year 2007-08. Since its first-year contribution, subsequent contributions have been stable. Airport Police became members of the Plan beginning in January 2018, and the Department of Airports began making contributions to the System in Fiscal Year 2017-18.Employer Contribution Amounts(in millions)$800 $13 $737 $14$687 $703 $720$659 $658$625 $623 $615 $633 $637$700$12$576HARBOR/AIRPORT$600$506$10$3.6 $442CITY* $387$500$8$343 $355 $5.9$400$305 $260 $248 $280 $327 $325 $4.4 $4.2 $4.5 $4.7 $5.0 $5.2 $5.5 $5.7 $4.9 $5.6 $4.6$6$300$3.9$190 $167 $175 $3.1 $3.3 $2.$83.7 $3.6$4$138 $136 $2.3 $2.2 $2.8$200$103 $98 $1.5 $2.0 $1.3 $1.7$100 $2$0 $095-96 96-97 97-98 98-99 99-00 00-01 01-02 02-03 03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21 21-22 22-23 23-24 24-25City Harbor Airport* The Citys contribution amount excludes Excess Benefit Plan funding from FY 2010-11 to the present. 114 LAFPP ANNUAL REPORT 2025'