b'Capital Region Airport Commission NOTES TO FINANCIAL STATEMENTS June 30, 2025 and 2024 Note 9.HEALTH INSURANCE CREDIT (HIC) PLAN (continued) Actuarial Assumptions (continued) The 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: Mortality Rates (pre-retirement, post- Update to Pub-2010 public sector mortality tables. Forretirement healthy, and disabled) future mortality improvements, replace load with amodified Mortality Improvement Scale MP-2020Retirement Rates Adjusted rates to better fit experience for Plan 1; setseparate rates based on experience for Plan 2/Hybrid;changed final retirement age from 75 to 80 for allWithdrawal Rates Adjusted rates to better fit experience at each ageand service decrement through 9 years of serviceDisability Rates No changeSalary Scale No changeLine of Duty Disability No changeDiscount Rate No changeMortality RatesNon-Largest Ten Locality EmployersHazardous Duty Employees Pre-Retirement: Pub-2010 Amount Weighted Safety Employee Rates projected generationally; 95% of rates for males; 105% of rates for females set forward 2 years Post-Retirement: Pub-2010 Amount Weighted Safety Healthy Retiree Rates projected generationally; 110% of rates for males; 105% of rates for females set forward 3 years Post-Disablement: Pub-2010 Amount Weighted General Disabled Rates projected generationally; 95% of rates for males set back 3 years; 90% of rates for females set back 3 years Beneficiaries and Survivors: Pub-2010 Amount Weighted Safety Contingent Annuitant Rates projected generationally; 110% of rates for males and females set forward 2 years Mortality Improvement Scale: Rates projected generationally with Modified MP-2020 Improvement Scale that is 75% of the MP-2020 rates 53'