b'Capital Region Airport Commission NOTES TO FINANCIAL STATEMENTS June 30, 2025 and 2024 Note 8.PENSION PLAN (continued) Changes in Net Pension Liability Increase (Decrease)Total Pension Plan Fiduciary Net PensionLiability Net Position Liability (Asset)(a) (b) (a) - (b)Balances at June 30, 2023 $ 46,216,290 $ 45,268,191 $948,099Changes for the year:Service cost $ 1,102,941 $ - $ 1,102,941Interest 3,107,155 - 3,107,155Differences between expected and actual experience 1,950,402 - 1,950,402Contributions - employer - 998,632(998,632)Contributions - employee - 455,904(455,904)Net investment income - 4,352,353(4,352,353)Benefit payments, including refundsof employer contributions(2,574,621) -(2,574,621)Administrative expenses -29,255(29,255)(886)Other changes - 886Net changes $ 3,585,877 $ 3,203,899 $381,978Balances at June 30, 2024 $ 49,802,167 $ 48,472,090 $ 1,330,077Increase (Decrease)Total Pension Plan Fiduciary Net PensionLiability Net Position Liability (Asset)(a) (b) (a) - (b)Balances at June 30, 2022 $ 44,622,113 $ 43,589,279 $ 1,032,834Changes for the year:Service cost $826,256 $ - $826,256Interest 2,987,532 - 2,987,532Differences between expected and actual experience157,646 - 157,646Contributions - employer - 888,832(888,832)Contributions - employee - 406,514(406,514)Net investment income - 2,787,744(2,787,744)Benefit payments, including refundsof employer contributions(2,377,257) -(2,377,257)Administrative expenses -28,022(28,022)Other changes - 1,101 (1,101)Net changes $ 1,594,177 $ 1,678,912 $ (84,735)Balances at June 30, 2023 $ 46,216,290 $ 45,268,191 $948,09947'