b"Capital Region Airport Commission SCHEDULE OF CHANGES IN NET PENSION LIABILITY (ASSET) AND RELATED RATIOS VRS PENSION PLAN For the Measurement Dates of June 30, 2015 through June 30, 2024 2024 2023 2022 2021 2020Total pension liabilityService cost $1,102,941 $826,256 $844,817 $ 919,009 $1,108,776Interest 3,107,1552,987,532 2,926,5632,683,6302,569,899 Changes in benefit terms - Differences between expected and actual experience1,950,402157,646 ( 535,332)(210,416 17,415)Assumption changes - 1,549,853 -Benefit payments((( ( 2,510,586)( 2,574,621)2,377,257)2,251,206)1,897,777)Net change in total pension liability $3,585,877 $ 1,594,177 $ 984,842 $2,624,491 $1,991,314 Total pension liability - beginning46,216,29044,622,113 43,637,27141,012,780 39,021,466Total pension liability - ending (a) $49,802,167 $46,216,290 $44,622,113 $ 43,637,271 $41,012,780 Plan fiduciary net positionContributions - employer $ 998,632 $888,832 $ 666,100 $ 682,971 $684,049 Contributions - employee 455,904 406,514 346,527434,039 424,956 Net investment income4,352,353 2,787,744 ( 33,360)9,793,990693,824Benefit payments( ((2,510,586) (1,897,777) 2,574,621) (2,377,257)2,251,206)Administrative expense(29,255)( 28,022)(28,115)( 23,977)(25,031)Other 886 1,1011,024921 (823)Net change in plan fiduciary net position $3,203,899 $1,678,912 $( $8,376,304 $ (119,748) 1,299,030)Plan fiduciary net position - beginning45,268,19143,589,27944,888,309 36,512,005 36,631,753Plan fiduciary net position - ending (b) $48,472,090 $$43,589,279 $44,888,309 $ 45,268,191 36,512,005Commission's net pension liability (asset) - ending (a) - (b) $1,330,077 $948,099 $ 1,032,834 $ ( 1,251,038) $4,500,775Plan fiduciary net position as a percentageof the total pension liability 97.33% 97.95% 97.69% 102.87% 89.03%Covered payroll $ 9,999,206 $ 8,747,241 $ 7,335,023 $7,502,119 $8,889,384Commission's net pension liability (asset) as a percentage of covered payroll 13.30% 10.84% 14.08% -16.68% 50.63%87"