b'LOS ANGELES FIRE AND POLICE PENSION SYSTEM MANAGEMENTS DISCUSSION AND ANALYSIS (Unaudited)Pension Plan (Continued)Net position increased by $1.71 billion, or 6.5%, to $28.15 billion from fiscal year 2023. Total assets increased in value by $1.69 billion, or 5.9%, when compared with the prior fiscal year 2023, attributable to appreciation of investments due to favorable market conditions. Changes in Fiduciary Net PositionCondensed Statement of Changes in Fiduciary Net Position($ in Thousands)2025 2024 Change % ChangeAs restatedAdditionsEmployer Contributions $ 486,958 $ 480,810 $6,148 1.3%Member Contributions164,291157,191 7,100 4.5%Net Investment Income 3,124,370 2,561,355 563,015 22.0%Other Income338627(289) -46.1%Total Additions 3,775,957 3,199,983575,974 18.0%DeductionsPension Benefits 1,394,213 1,456,409(62,196) -4.3%Refund of Contributions 4,777 8,760(3,983) -45.5%Administrative Expenses 25,672 24,068 1,604 6.7%Total Deductions 1,424,662 1,489,237(64,575) -4.3%Net Increase 2,351,295 1,710,746 640,549 37.4%Net Position, Beginning of Year, As Restated28,143,916 26,433,170 1,710,746 6.5%Net Position, End of Year $ 30,495,211 $ 28,143,916 $2,351,295 8.4% Additions to Fiduciary Net PositionAdditions needed to fund benefit payments are accumulated through employer and member contributions, and from income generated from the Plans investing activities.Contributions for fiscal year 2025 totaled $651.25 million, an increase of $13.25 million, or 2.08%, over fiscal year 2024. The employer contribution for fiscal year 2025 was $486.96 million compared to $480.81 million for fiscal year 2024. The increase in employer contributions was due to an increase in the budgeted active member salaries. The increase in member contributions was due to an overall increase in active member salaries.722 LAFPP ANNUAL REPORT 2025'