Annual Financial Report 2024 2025

Virginia Tech Financial Report 2024-2025 Required Supplementary Information

Required Supplementary Information for Pension Plans Schedule of Virginia Tech’s Share of Net Pension Liability (SERP)* For the measurement dates of June 30, 2024-2015 (all dollars in thousands)

Proportionate share of net

Plan fiduciary net position as a percentage of total

Proportion of net pension liability

Proportionate share of net pension liability

Covered employee pension liability as a percentage

payroll

of covered-employee payroll

pension liability

2024 2023 2022 2021 2020 2019 2018 2017 2016 2015

6.10% 6.14% 6.17% 6.28% 6.35% 6.42% 6.46% 6.55% 6.58% 6.52%

$ $ $ $ $ $ $ $ $ $

300,240 $ 310,820 $ 280,125 $ 227,619 $ 460,400 $ 405,894 $ 349,811 $ 381,766 $ 433,375 $ 398,980 $

336,824 306,250 283,379 271,869 283,418 270,954 270,309 262,376 263,416 246,888

89.14% 101.49% 98.85% 83.72% 162.45% 149.80% 129.41% 145.50% 164.52% 161.60%

83.45% 82.19% 83.26% 86.44% 72.15% 75.13% 77.39% 75.33% 71.29% 72.81%

Schedule of Virginia Tech’s Share of Net Pension Liability (VaLORS)* For the measurement dates of June 30, 2024-2015 (all dollars in thousands)

Proportionate share of net pension liability as a percentage of covered-employee payroll

Plan fiduciary net position as a percentage of total

Proportion of net pension liability

Proportionate share of net pension liability

Covered employee

payroll

pension liability

2024 2023 2022 2021 2020 2019 2018 2017 2016 2015

0.83% 0.81% 0.75% 0.66% 0.64% 0.66% 0.66% 0.67% 0.67% 0.66%

$ $ $ $ $ $ $ $ $ $

5,512 $ 5,270 $ 4,738 $ 3,435 $ 5,024 $ 4,557 $ 4,144 $ 4,397 $ 5,201 $ 4,716 $

3,290 3,007 2,535 2,296 2,367 2,293 2,294 2,315 2,328 2,247

167.54% 175.26% 186.90% 149.61% 212.25% 198.74% 180.65% 189.94% 223.41% 209.88%

75.70% 74.91% 74.41% 78.18% 65.74% 68.31% 69.56% 67.22% 61.01% 62.64%

*The amounts presented have a measurement date of the previous fiscal year end.

Schedule of Virginia Tech’s Pension Contributions (SERP) For the years ended June 30, 2025 - 2016 (all dollars in thousands) Contractually Contributions in

Contributions as a percentage of

required

relation to contractually required contribution

Contribution deficiency (excess)

contribution

Employer’s covered payroll

covered-employee payroll

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016

$ $ $ $ $ $ $ $ $ $

48,395 $ 48,281 $ 44,415 $ 41,085 $ 39,309 $ 37,758 $ 36,003 $ 36,466 $ 35,348 $ 36,931 $

48,395 $ 48,281 $ 44,415 $ 41,085 $ 39,309 $ 37,758 $ 36,003 $ 36,466 $ 35,348 $ 36,931 $

- $ - $ - $ - $ - $ - $ - $ - $ - $ - $

355,782 336,824 306,250 283,379 271,869 283,418 270,954 270,309 262,376 263,416

13.60% 14.33% 14.50% 14.50% 14.46% 13.32% 13.29% 13.49% 13.47% 14.00%

Schedule of Virginia Tech’s Pension Contributions (VaLORS) For the years ended June 30, 2025 - 2016 (all dollars in thousands) Contractually Contributions in

Contributions as a percentage of

required

relation to contractually required contribution

Contribution deficiency (excess)

contribution

Employer’s covered payroll

covered-employee payroll

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016

$ $ $ $ $ $ $ $ $ $

851 $ 801 $ 746 $ 557 $ 512 $ 503 $ 496 $ 483 $ 487 $ 439 $

851 $ 801 $ 746 $ 557 $ 512 $ 503 $ 496 $ 483 $ 487 $ 439 $

- $ - $ - $ - $ - $ - $ - $ - $ - $ - $

3,499 3,290 3,007 2,535 2,296 2,367 2,293 2,294 2,315 2,328

24.32% 24.35% 24.81% 21.97% 22.30% 21.25% 21.63% 21.05% 21.04% 18.86%

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