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 (Continued)2019 2018 2017 2016 2015Total pension liabilityService cost $1,027,458 $ 951,396 $ 914,853 $947,517 $ 867,611Interest 2,440,7762,360,2612,289,579 2,166,4142,103,636 Changes in benefit terms - -402,011Differences between expected and actual experience 352,766( (470,663)139,420 ( 733,014) 1,116,875)Assumption changes 1,086,066313,362)- - - (Benefit payments( 1,435,808)(( 1,507,664) (1,385,500) (1,551,901)1,130,913)Net change in total pension liability $3,399,402 $1,211,293 $ 984,599 $1,701,450 $ 1,107,320Total pension liability - beginning35,622,06434,410,77133,426,172 30,617,40231,724,722Total pension liability - ending (a) $39,021,466 $35,622,064 $34,410,771 $33,426,172 $31,724,722 Plan fiduciary net position818,481Contributions - employer $ 695,507 $820,043 $ 725,003 $823,513 $ Contributions - employee 427,764 410,902 379,833 387,582 378,639Net investment income 2,320,3462,409,8343,564,329508,9861,284,659 Benefit payments((((( 1,507,664)1,385,500)1,435,808)1,551,901)1,130,913)Administrative expense( 20,544) ( 20,502)(18,229) (17,267)(22,798)Other ( 1,462)(2,155)(215)271) 3,175) ( (Net change in plan fiduciary net position $1,911,693 $2,232,580 $3,209,680 $149,736 $1,333,328 Plan fiduciary net position - beginning34,720,060 29,277,800 27,794,73632,487,480 29,128,064Plan fiduciary net position - ending (b) $36,631,753 $$32,487,480 $29,277,800 $29,128,06434,720,060Commission's net pension liability (asset) - ending (a) - (b) $ 2,389,713 $ 902,004 $1,923,291 $4,148,372 $ 2,596,658Plan fiduciary net position as a percentageof the total pension liability 93.88% 97.47% 94.41% 87.59% 91.82%Covered payroll $ 8,888,823 $8,509,044 $7,819,559 $7,318,266 $ 7,739,286Commission's net pension liability (asset) as a percentage of covered payroll 26.88% 10.60% 24.60% 56.69% 33.55%88"