b'LOS ANGELES FIRE AND POLICE PENSION SYSTEM NOTES TO FINANCIAL STATEMENTS JUNE 30, 2025 AND 2024NOTE 17SUBSEQUENT EVENTSSubsequent events have been evaluated through November 21, 2025, which is the date the financial statements were available to be issued. Besides those mentioned below, there were no further subsequent events to disclose.MeasureFFSwornOfficerTransferfromtheLosAngelesCityEmployeesRetirementSystem (LACERS) to LAFPPMeasure FF, which was approved by voters on November 5, 2024 ballot, amended the City Charter to allow for the voluntary transfer of all sworn peace officers who were actively employed on and as of January 12, 2025, by the Harbor, Airports, Police, and Recreation and Parks Departments from LACERS to LAFPP Tier6.MeasureFFallowedfortheinclusionofParkRangerswhowereactivelyemployedbythe Department of Recreation and Parks on and as of January 12, 2025, and make an election to transfer to LAFPP Tier 6. Any Park Rangers hired after January 12, 2025, remain LACERS members and are not eligible to transfer to LAFPP. The implementing ordinance was approved by the City Council on October 31, 2025. The deadline for an eligible employee to make an irrevocable decision to transfer is January 9, 2026. Under the ordinance, employees who elect to transfer will be required to transfer all prior City service from LACERS to LAFPP Tier 6. The ordinance also allows certain Tier 6 members who transferred to Tier 6 under a prior Charter amendment to transfer any remaining City service from LACERS to LAFPP Tier 6. The effective transfer date for members will be January 11, 2026. The implementing ordinance also authorizes interest-free refunds to eligible Tier 6 members who transferred pursuant to the Office of Public Safely (OPS) Service Purchase Program and Airport Peace Officer Service Purchase Program and purchased Tier 6 service credit with personal funds. Measure FF will be cost-neutral for LAFPP because the City is required to pay the full actuarial cost to transfer personnel and prior service to Tier 6, pay any increased future costs, and to reimburse LAFPP for any refunds provided to eligible Tier 6 members.5772 LAFPP ANNUAL REPORT 2025'