b'Capital Region Airport Commission NOTES TO FINANCIAL STATEMENTS June 30, 2025 and 2024 Note 9.HEALTH INSURANCE CREDIT (HIC) PLAN (continued) Employees Covered by Benefit Terms As of the June 30, 2023 and June 30, 2022 actuarial valuation, the following employees were covered by the benefit terms of the HIC OPEB plan: 20232022 Valuation ValuationInactive members or their beneficiaries currently receiving benefits 37 35Inactive members:Vested inactive members 2 6Long-term disability (LTD) 1 1Non-vested inactive members 0 0Inactive members active elsewhere in VRS 52 72Total inactive members 92 114Active members 151 132Total covered employees 243 246ContributionsThe contribution requirements for active employees is governed by 51.1-1402(E) of the Code of Virginia, as amended, but may be impacted as a result of funding options provided to political subdivisions by the Virginia General Assembly.The Commissions contractually required employer contribution rate for the year ended June 30, 2025 was .42% of covered employee compensation. This rate was based on anactuariallydeterminedratefromanactuarialvaluationasofJune30,2023.TheCommission contractually required employer contribution rate for the year ended June 30, 2024 was .42% of covered employee compensation. This rate was based on an actuarially determined rate from an actuarial valuation as of June 30, 2021. The actuarially determined rate was expected to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. Contributions from the Commission to the HIC Plan were $48,304 and $42,009 for the years ended June 30, 2025 and June 30, 2024, respectively. Net HIC OPEB Liability The Commission net Health Insurance Credit OPEB liability was measured as of June 30, 2024 and June 30, 2023. The total Health Insurance Credit OPEB liability was determined by an actuarial valuation performed as of June 30, 2023 and June 30, 2022, using updated actuarial assumptions, applied to all periods included in the measurement and rolled forward to the measurement date of June 30, 2024 and June 30, 2023. 51'