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.retirement healthy, and disabled) Increased disability life expectancy. For future mortalityimprovements, replace load with a modified MortalityImprovement Scale MP-2020Retirement Rates Adjusted rates to better fit experience and changedfinal retirement age from 65 to 70Decreased rates and changed from rates based onWithdrawal Rates age and service to rates based on service only tobetter fit experience and to be more consistent withLocals Top 10 Hazardous DutyDisability Rates No changeSalary Scale No changeLine of Duty Disability No changeDiscount Rate No changeThis space intentionally left blank. 54'