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PENINSULA AIRPORT COMMISSION
SCHEDULE OF EMPLOYER'S SHARE OF NET GROUP LIFE INSURANCE OPEB LIABILITY (UNAUDITED)
YEAR ENDED JUNE 30, 2025
46
2024
2023
2022
2021
2020
2019
2018
GLI Plan:
Commission’s proportion of the net GLI OPEB liability
0.008480%
0.011320%
0.011520%
0.011030%
0.011990%
0.012490%
0.01194%
Commission’s proportionate share of net GLI OPEB liability
94,630
124,008
138,712
$
128,419
$
200,093
$
203,246
$
182,000
$
Employer’s covered payroll
2,103,789
2,666,440
2,504,788
2,225,207
2,462,544
2,441,718
2,268,631
Employer’s proportionate share of the net GLI OPEB liability as a
percentage of its covered payroll
4.50%
4.65%
5.54%
5.77%
8.13%
8.32%
8.02%
Plan fiduciary net position as a percentage of the total GLI
OPEB liability
73.41%
69.00%
67.21%
67.45%
52.64%
52.00%
51.22%
OPEB liabilities are reported using the measurement date, which is one year prior to the reporting date.
See accompanying notes and Report of Independent Auditor
This schedule is intended to show information for 10 years. Since fiscal year 2018 (plan year 2017) is the first year for this presentation, no earlier data is available. Additional years will be included as
they become available.
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