b'LOS ANGELES FIRE AND POLICE PENSION SYSTEM REQUIRED SUPPLEMENTARY INFORMATION PENSION PLAN SCHEDULE OF CHANGES IN NET PENSION LIABILITY AND RELATED RATIO ($ in Thousands)(Unaudited)06/30/20 06/30/19 06/30/18 06/30/17 06/30/16Total Pension Liability: Service Cost $ 410,559 $402,708 $ 390,743 $ 367,600 $ 365,956Interest 1,654,9641,572,220 1,502,656 1,436,068 1,399,576Benefit Payments (1,121,252) (1,070,456)(994,800) (930,078)(990,363)Experience Losses (Gains) (23,348) 81,46521,700 (320,404)(595,188)Assumption Changes48,286 357,369-695,450-Benefit Changes(79,650) -Other(1)- -2,505- -Net Change969,2091,263,656922,804 1,248,636179,981Total Pension Liability at Beginning of Year 23,000,50521,736,84920,814,045 19,565,40919,385,428Total Pension Liability atEnd of Year (a) $ 23,969,714 $ 23,000,505 $ 21,736,849 $20,814,045 $ 19,565,409Fiduciary Net Position: Employer Contributions $ 516,638 $504,877 $ 459,632 $ 454,309 $ 478,385Member Contributions153,787 147,753145,112128,900129,734Net Investment Income606,2441,218,138 1,892,870 2,260,130159,313Benefit Payments (1,121,252) (1,070,456)(994,800) (930,078)(990,363)Administrative Expenses( 20,685)(20,244)( 19,908) (20,816)( 19,346)Other(1)- -2,505- -Net Change (Gain)134,732 780,068 1,485,411 1,892,445(242,277)Fiduciary Net Position atBeginning of Year21,262,20120,482,13318,996,722 17,104,27717,346,554Fiduciary Net Position atEnd of Year (b)(2) $ 21,396,933 $ 21,262,201 $ 20,482,133 $18,996,722 $ 17,104,277Net Pension Liability/(Asset) (a)-(b) $ 2,572,781 $ 1,738,304 $ 1,254,716 $1,817,323 $2,461,132Plan Fiduciary Net Position89.27% 92.44% 94.23% 91.27% 87.42%as a Percentage of the Total Pension Liability Covered Employee Payroll $ 1,509,613 $ 1,487,978 $ 1,451,996 $1,397,245 $ 1,351,788Plan Net Position Liability as a Percentage170.43% 116.82% 86.41% 130.06% 182.06%of Covered Employee PayrollNotes to Schedule: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) In the fiscal year 2018, includes employer and employee contributions transferred from the Los Angeles City Employees Retirement System (LACERS) for the Airport Police Officers who elected to join the System in Tier 6. (2)Excludes the transfer of employer and employee contributions referenced in footnote(1) .See accompanying notes to required schedule and accompanying independent auditors report. 60SECTION 2FINANCIALS 75'