b'Capital Region Airport Commission NOTES TO REQUIRED SUPPLEMENTARY INFORMATION VRS OPEB PLANS Year Ended June 30, 2025 Changes of benefit termsThere have been no actuarially material changes to the System benefit provisions since the prior actuarial valuation. Changes of assumptionsThe actuarial assumptions used in the June 30, 2023 and June 30, 2022, 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: Health Insurance Credit (HIC), Group Life Insurance (GLI), and Virginia Local Disability Program (VLDP) PlansNon-Largest Ten Locality Employers - General Employees:Mortality Rates (pre-retirement, post- Updated to Pub-2010 public sector mortality tables. For futureretirement healthy, and disabled) mortality improvements, replace load with a modified MortalityImprovement Scale MP-2020Retirement Rates Adjusted rates to better fit experience for Plan 1; set separaterates based on experience for Plan 2/Hybrid; changed finalretirement age from 75 to 80 for allWithdrawal Rates Adjusted rates to better fit experience at each age and servicedecrement through 9 years of serviceDisability Rates No changeSalary Scale No changeLine of Duty Disability No changeDiscount Rate No changeNon-Largest Ten Locality Employers - Hazardous Duty Employees:Mortality Rates (pre-retirement, post- Updated to Pub-2010 public sector mortality tables. Increasedretirement healthy, and disabled) disability life expectancy. For future mortality improvements,replace load with a modified Mortality Improvement Scale MP-2020Retirement Rates Adjusted rates to better fit experience and changed finalretirement age from 65 to 70Withdrawal Rates Decreased rates and changed from rates based on age andservice to rates based on service only to better fit experienceand to be more consistent with Locals Top 10 Hazardous DutyDisability Rates No changeSalary Scale No changeLine of Duty Disability No changeDiscount Rate No changeLine of Duty Act (LODA) ProgramEmployees in the Non-Largest Ten Locality Employers with Public Safety Employees:Mortality Rates (pre-retirement, post- Update to Pub-2010 public sector mortality tables. Increasedretirement healthy, and disabled) disability life expectancy. For future mortality improvements,replace load with a modified Mortality Improvement Scale MP-2020Retirement Rates Adjusted rates to better fit experience and changed finalretirement age from 65 to 70Withdrawal Rates Decreased rates and changed from rates based on age andservice to rates based on service only to better fit experienceand to be more consistent with Locals Top 10 Hazardous DutyDisability Rates No changeSalary Scale No changeLine of Duty Disability No change95'