b'Jim Donaway PhotoMEMBERSHIP STATISTICSFIRE AND POLICE PENSION PLANSAs of June 30, 2025, Los Angeles Fire and Police Pensions (System) is composed of six tiers. Benefits are based on the members pension tier, pension salary base, and years of service. In addition, the System provides disabil-ity pension benefits and benefits to eligible survivors.Members hired pursuant to the provisions of ArticleTier 5 includes members hired from January 1, 2002 XI 1/2 of the 1925 City of Los Angeles Charter arethrough June 30, 2011. Active members in Tiers 24 known as fluctuators. Fluctuator pensioners receivewere allowed to transfer to Tier 5 during an enroll-50% of the current salary received by the classifi- ment period.cationfromwhichtheyretired.Suchbeneficiaries are included in Tier 1 for purposes of the SystemsAdditionally,alleligibleswornmembersofthe actuarial valuations. HarborDepartmenthiredonorafterJanuary8, 2006becomemembersoftheSystem.Members Members hired from July 1, 1925 through January 28,hired from January 8, 2006 through June 30, 2011 1967 participate in Tier 1 (formerly Article XVII). Tier 2are in Tier 5. Those hired prior to January 8, 2006, (formerly Article XVIII) includes members hired fromwere provided the option to transfer to Tier 5 from January 29, 1967 through December 7, 1980, and Tierthe Los Angeles City Employees Retirement System 1 members who elected to transfer during an enroll- (LACERS) from January 8, 2006 to January 5, 2007.ment period.Tier 6 consists of all new members hired on or after Tier3(formerlyArticleXXXV,Plan1)consistsofJuly 1, 2011.members hired from December 8, 1980 through June 30,1997.MembershiredfromJuly1,1997throughOn July 1, 2012, the Department of General Services, December 31, 2001 are in Tier 4 (formerly Article XXXV,Office of Public Safety (OPS) was consolidated into Plan 2). Tier 4 also includes members who electedtheLosAngelesPoliceDepartment(LAPD).Asa to transfer from Tier 3 during an enrollment period.result,OPSemployeeswhotransitionedtoregular Additionally, Tier 4 members hired from July 1, 1997LAPD sworn classifications could make an election to through December 31, 1997 were given the opportu- opt out of LACERS and become Tier 6 members of nity to transfer to Tier 3 during an enrollment period. the System. The opt-out election period expired on December 12, 2014.118 LAFPP ANNUAL REPORT 2025'