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VILLAGE OF GOWANDA, NEW YORK Schedule of the Village's Proportionate Share of the Net Pension Liability - Employees' Retirement System Last Two Years * Year Ended December 31, 2025 2024 Measurement date March 31, 2025 March 31, 2024 Village's proportion of the net pension liability 0.0022825% 0.0024013% Village's proportionate share of the net pension liability (asset) S 391,346 353,576 Village's covered-employee payroll $ 784,590 768,251 Village's proportionate share of the net pension liability (asset) as a percentage of its covered-employee payroll : 49.9% 46.0% Plan fiduciary net position as a percentage of the total pension liability (asset) 93.1% 93.9% * Information prior to the year ended May 31, 2024 is not readily available. The accompanying independent auditors’ report should be read in conjunction with 34