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VILLAGE OF GOWANDA, NEW YORK Schedule of the Village's Proportionate Share of the Net Pension Liability - Police and Fire Retirement System Last Two Years * Year Ended May 31, 2025 2024 Measurement date March 31, 2025 March 31, 2024 Village's proportion of the net pension liability 0.0061363% 0.0078498% Village's proportionate share of the net pension liability (asset) S 372,895 372,302 Village's covered-employee payroll s 92,937 125,291 Village's proportionate share of the net pension liability (asset) as a percentage of its covered-employee payroll 401.2% 297.1% Plan fiduciary net position as a percentage of the total pension liability (asset) 87.5% 89.7% * Information prior to the year ended May 31, 2024 is not readily available. The accompanying independent auditors' report should be read in conjunction with 36