b'Capital Region Airport Commission NOTES TO FINANCIAL STATEMENTS June 30, 2025 and 2024 Note 12.VIRGINIA LOCAL DISABILITY PROGRAM (VLDP) (continued) Benefit Amounts (continued) The VLDP provides a long-term disability benefit beginning after 125 workdays of short-term disability. Members are eligible if they are unable to work at all or are working fewer than 20 hours per week. Members approved for long-term disability will receive 60% of their pre-disability income. If approved for work-related long-term disability, the VLDP benefit will be offset by the workers compensation benefit. Members will not receive a VLDP benefit if their workers compensation benefit is greater than the VLDP benefit. VLDP Notes Members approved for short-term or long-term disability at age 60 or older will be eligible for a benefit, provided they remain medically eligible. VLDP Long-Term Care Plan is a self-funded program that assists with the cost of covered long-term care services. Contributions The contribution requirements for active hybrid plan employees is governed by 51.1-1178(C) of the CodeofVirginia,asamended,butmaybeimpactedasaresultoffundingprovidedtopolitical subdivisionsbytheVirginiaGeneralAssembly.Eachpoliticalsubdivisionscontractuallyrequired employer contribution rate for the years ended June 30, 2025 and June 30, 2024 was 0.74% and 0.85%, respectively,ofcoveredemployeecompensationforemployeesintheVRSPoliticalSubdivision Employee VDLP. This rate was based on an actuarially determined rate from an actuarial valuation as of June 30, 2023 and June 30, 2022, respectively. The actuarially determined rate was expected to finance the costs of benefits earned by employees during the year, with an additional amount to financeanyunfundedaccruedliability.ContributionsfromtheCommissiontotheVRSPolitical Subdivision Employee VDLP were $41,021 and $37,491 for the years ended June 30, 2025 and June 30, 2024, respectively. VLDP OPEB Liabilities, VLDP OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to VLDP OPEBAt June 30, 2025 and June 30, 2024, the Commission reported a liability (asset) of $(20,572) and $(8,153), respectively for its proportionate share of the VLDP Net OPEB Liability. The Net VLDP OPEB Liability was measured as of June 30, 2024 and June 30, 2023, respectively.The total VLDP OPEB liability used to calculate the June 30, 2024 Net VLDP OPEB Liability was determined by an actuarial valuation as of June30,2023androlledforwardtothemeasurementdateofJune30,2024.TheCommissions proportionoftheNetVLDPOPEBLiabilitywasbasedontheCommissionsactuariallydetermined employer contributions to the VLDP OPEB plan for the years ended June 30, 2024 and June 30, 2023 relative to the total of the actuarially determined employer contributions for all participating employers. At June 30, 2024, the Commissions proportion of the VLDP was 0.57027% as compared to 0.50670% at June 30, 2023 and 0.44410% at June 30, 2022. For the years ended June 30, 2025 and June 30, 2024, the Commission recognized VLDP OPEB expense of$27,462and$20,476,respectively.Sincetherewasachangeinproportionatesharebetween measurement dates a portion of the VLDP Net OPEB expense was related to deferred amounts from changes in proportion. 74'