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PENINSULA AIRPORT COMMISSION
SCHEDULE OF EMPLOYER CONTRIBUTIONS (UNAUDITED)
YEAR ENDED JUNE 30, 2024
38
Contribution
in Relation to
Contributions
Contractually
Contractually
Contribution
Employer’s
as a % of
Required
Required
Deficiency
Covered
Covered
Year
Contribution
Contribution
(Excess)
Payroll
Payroll
VRS Pension Plan:
2024
98,602
$
98,602
$
-
$
2,176,639
$
4.53%
2023
120,790
120,790
-
2,666,440
4.53%
2022
139,928
139,928
-
2,498,721
5.60%
2021
124,612
124,612
-
2,225,207
5.60%
2020
111,829
111,829
-
2,462,544
4.54%
2019
110,854
110,854
-
2,441,718
4.54%
2018
139,067
139,067
-
2,268,631
6.13%
2017
140,156
140,156
-
2,286,395
6.13%
2016
158,058
158,058
-
2,369,678
6.67%
2015
158,918
158,918
-
2,382,571
6.67%
GLI OPEB Plan:
2024
11,754
11,754
-
2,176,639
0.54%
2023
14,399
14,399
-
2,666,440
0.54%
2022
13,526
13,526
-
2,504,788
0.54%
2021
12,300
12,300
-
2,225,207
0.55%
2020
12,835
12,835
-
2,462,544
0.52%
2019
12,730
12,730
-
2,441,718
0.52%
2018
11,812
11,812
-
2,268,631
0.52%
2017
11,889
11,889
-
2,286,395
0.52%
See accompanying notes and Report of Independent Auditor
This schedule is intended to present 10 years of information, additional years will be presented as the information
becomes available.
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