b'Capital Region Airport Commission NOTES TO FINANCIAL STATEMENTS June 30, 2025 and 2024 Note 10.GROUP LIFE INSURANCE (GLI) PLAN (OPEB PLAN) (continued) Actuarial Assumptions:(continued) Mortality RatesNon-Largest Ten Locality EmployersHazardous Duty Employees (continued) 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 The actuarial assumptions used in the June 30, 2023 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 changed finalretirement age from 65 to 70Decreased rates and changed from rates based on ageWithdrawal Rates and service to rates based on service only to better fitexperience and to be more consistent with Locals Top 10Hazardous DutyDisability Rates No changeSalary Scale No changeLine of Duty Disability No changeDiscount Rate No changeNET GLI OPEB Liability The net OPEB liability (NOL) for the GLI Plan represents the plans total OPEB liability determined in accordancewithGASBStatementNo.74,lesstheassociatedfiduciarynetposition.Asofthe measurement date of June 30, 2024, NOL amounts for the GLI Plan are as follows (amounts expressed in thousands):GLI OPEBPlanTotal GLI OPEB Liability $4,196,055Plan Fiduciary Net Position3,080,133GLI Net OPEB Liability (Asset) $1,115,922Plan Fiduciary Net Position as a Percentage of the Total GLI OPEB Liability73.41%64'