b'Capital Region Airport Commission NOTES TO FINANCIAL STATEMENTS June 30, 2025 and 2024 Note 12.VIRGINIA LOCAL DISABILITY PROGRAM (VLDP) (continued) VLDP OPEB Liabilities, VLDP OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to VLDP OPEB:(continued) Actuarial Assumptions (continued) Mortality RatesNon-Largest Ten Locality EmployersGeneral and Non-Hazardous Duty Employees Pre-Retirement: Pub-2010AmountWeightedGeneralEmployeeRatesprojectedgenerationally;malesset forward 2 years; 105% of rates for females set forward 3 years Post-Retirement: Pub-2010 Amount Weighted General Healthy Retiree Rates projected generationally; 95% of rates for males set forward 2 years; 95% of rates for females set forward 1 year Post-Disablement: Pub-2010 Amount Weighted General Disabled Rates projected generationally; 110% of rates for males set forward 3 years; 110% of rates for females set forward 2 years Beneficiaries and Survivors:Pub-2010 Amount Weighted General Contingent Annuitant Rates projected generationally Mortality Improvement Scale: Rates projected generationally with Modified MP-2020 Improvement Scale that is 75% of the MP-2020 rates The actuarial assumptions used in the June 30, 2023 valuation were based on the results of an actuarial experience study for the period from July 1, 2016 through June 30, 2020. Changes to the actuarial assumptions as a result of the experience study and VRS Board action are as follows: Mortality Rates (pre-retirement, post- Updated to Pub-2010 public sector mortality tables. Forretirement healthy, and disabled) future mortality improvements, replace load with amodified Mortality Improvement Scale MP-2020Retirement Rates Adjusted rates to better fit experience for Plan 1; setseparate rates based on experience for Plan 2/Hybrid;changed final retirement age from 75 to 80 for allWithdrawal Rates Adjusted rates to better fit experience at each age andservice decrement through 9 years of serviceDisability Rates No changeSalary Scale No changeLine of Duty Disability No changeDiscount Rate No change77'