Annual Financial Report 2024 2025

Virginia Tech Financial Report 2024-2025

Required Supplementary Information for Other Postemployment Benefit Plans Schedule of Virginia Tech’s Share of OPEB Liability (Asset) For the years ended June 30, 2024-2017 (all dollars in thousands) Year PMRH VSDP GLI HIC

LODA

Employer’s proportion of the collective total OPEB liability (asset)

2024 2023 2022 2021 2020 2019 2018 2017

9.36% 9.25% 9.12% 9.02% 8.93% 8.72% 8.53% 8.34%

3.44% 3.52% 3.58% 3.69% 3.72% 3.79% 3.81% 3.79%

3.11% 3.07% 3.06% 3.03% 3.03% 2.99% 2.95% 2.87%

8.79% 8.79% 8.77% 8.66% 8.63% 8.59% 8.32% 8.19%

0.28% 0.24% 0.25% 0.25% 0.23% 0.24% 0.23% 0.25%

Employer’s proportionate share of the collective total OPEB liability (asset) 2024 $ 33,362 $ (11,793) $ 34,702 $

62,378 $ 72,261 $ 71,844 $ 73,126 $ 79,244 $ 79,327 $ 75,868 $ 74,567 $

1,083

2023 $ 32,558 $ (11,134) $ 36,765 $ 2022 $ 33,126 $ (10,575) $ 36,809 $ 2021 $ 40,472 $ (12,709) $ 35,260 $ 2020 $ 50,797 $ (8,213) $ 50,486 $ 2019 $ 59,214 $ (7,438) $ 48,635 $ 2018 $ 85,746 $ (8,583) $ 44,770 $ 2017 $ 108,278 $ (7,790) $ 43,235 $

968 933 957 868 735 663

1,103

Employer’s covered payroll (where applicable)

2024 2023 2022 2021 2020 2019 2018 2017 2024 2023 2022 2021 2020 2019 2018 2017

$ 194,558 $ 798,455 $ 797,971 $ 178,588 $ 722,110 $ 721,504 $ 164,921 $ 664,979 $ 664,536 $ 159,351 $ 625,278 $ 623,963 $ 161,260 $ 622,611 $ 621,914 $ 153,447 $ 585,890 $ 585,614 $ 147,739 $ 553,929 $ 558,853 $ 142,553 $ 526,681 $ 531,560

Proportionate share of the collective total OPEB liability (asset) as a per centage of employer’s covered payroll

6.06% 6.23% 6.41% 7.98% 5.09% 4.85% 5.81% 5.46%

4.35% 5.09% 5.54% 5.64% 8.11% 8.30% 8.08% 8.21%

7.82% 10.02% 10.81% 11.72% 12.74% 13.55% 13.58% 14.03%

Covered-employee payroll (where applicable)

2024 $ 820,007 2023 $ 751,554 2022 $ 689,890 2021 $ 643,930 2020 $ 642,357 2019 $ 601,489 2018 $ 575,313 2017 $ 548,609

N/A* N/A* N/A* N/A* N/A* N/A* N/A* N/A* N/A* N/A* N/A* N/A* N/A* N/A* N/A* N/A*

Proportionate share of the collective total OPEB liability (asset) as a per centage of covered-employee payroll

2024 2023 2022 2021 2020 2019 2018 2017 2024 2023 2022 2021 2020 2019 2018 2017

4.07% 4.33% 4.80% 6.29% 7.91% 9.84% 14.90% 19.74%

Plan Fiduciary Net Position as a percentage of the total OPEB liability (asset)

N/A N/A N/A N/A N/A N/A N/A N/A

204.38% 199.05% 195.90% 229.01% 181.88% 167.18% 194.74% 186.63%

73.41% 69.30% 67.21% 67.45% 52.64% 52.00% 51.22% 48.86%

35.17% 25.46% 21.52% 19.75% 12.02% 10.56% 9.51% 8.03%

1.22% 1.31% 1.87% 1.68% 1.02% 0.79% 0.60% 1.30%

*The contributions for the Line of Duty Act Program (LODA) are based on the number of participants in the program using a per capita-based contribution versus a payroll-based contribution.

This schedule is intended to show information for 10 years. Since 2018 is the first year for this presentation, only eight years are available. Additional years will be included as they become available.

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