b'Capital Region Airport Commission NOTES TO FINANCIAL STATEMENTS June 30, 2025 and 2024 Note 11.LINE OF DUTY ACT (LODA) PROGRAMPlan DescriptionThe Virginia Retirement System (VRS) Line of Duty Act Program (LODA) was established pursuant to 9.1-400et seq. of the Code of Virginia, as amended, and which provides the authority under which benefit terms are established or may be amended. The LODA Program provides death and health insurance benefits to eligible state and local government employees, including volunteers, who die or become disabled as a result of the performance of their duties as a public safety officer. In addition, health insurance benefits are provided to eligible survivors and family members. This is a cost-sharing multiple-employer plan administered by the Virginia Retirement System (the System). As required by statute, the VirginiaRetirementSystem(theSystem)isresponsibleformanagingtheassetsoftheprogram. ParticipatingemployersmadecontributionstotheprogrambeginninginFY2012.Theemployer contributions are determined by the Systems actuary using anticipated program costs and the number of covered individuals associated with all participating employers. The specific information for LODA OPEB, including eligibility, coverage and benefits is described below: Eligible Employees All paid employees and volunteers in hazardous duty positions in Virginia localities as well as hazardous duty employees who are covered under the Virginia Retirement System (VRS), the State Police Officers Retirement System (SPORS), or the Virginia Law Officers Retirement System (VaLORS) are automatically covered by the LODA Program. As required by statute, the Virginia Retirement System (the System) is responsible for managing the assets of the program. Benefit Amounts The LODA program death benefit is a one-time payment made to the beneficiary or beneficiaries of a covered individual. Amounts vary as follows: $100,000 when a death occurs as the direct or proximate result of performing duty as of January 1, 2006, or after; $25,000 when the cause of death is attributed to one of the applicable presumptions and occurred earlier than five years after the retirement date (the benefit will be $75,000 for approved presumptive deaths occurring on or after January 1, 2025); or an additional $20,000 benefit is payable when certain members of the National Guard and U.S. military reserves are killed in action in any armed conflict on or after October 7, 2001. The LODA program also provides health insurance benefits. The health insurance benefits are managed through the Virginia Department of Human Resource Management (DHRM). The health benefits are modeled after the State Employee Health Benefits Program plans and provide consistent, premium-free continued health plan coverage for LODA eligible disabled individuals, survivors and family members.ContributionsThe contribution requirements for the LODA Program are governed by 9.1-400.1 of the Code of Virginia, as amended, but may be impacted as a result of funding provided to state agencies by the Virginia General Assembly. Each employers contractually required employer contribution rate for the LODA Program for the year ended June 30, 2025 and June 30, 2024 was $1,015 and $830, respectively per covered full-time-equivalent employee. This rate was based on an actuarially determined rate from an actuarial valuation as of June 30, 2023 and represents the pay-as-you-go funding rate and not the full actuarial cost of the benefits under the program. The actuarially determined pay-as-you-go rate was expected to finance the costs and related expenses of benefits payable during the year. Contributions to the LODA Program from the entity were $38,570 and $29,085 for the years ended June 30, 2025 and June 30, 2024, respectively. 67'