FY22 financial report print.indd

Virginia Tech Financial Report 2021-2022

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, 2021-2014 (all dollars in thousands)

Proportionate share of net pension liability as a percentage of employer’s covered payroll

Plan fiduciary net position as a percentage of total pension liability

Proportion of net pension liability

Proportionate share of net pension liability

Employer’s covered payroll

2021 2020 2019 2018 2017 2016 2015 2014

6.28% 6.35% 6.42% 6.46% 6.55% 6.58% 6.52% 6.30%

$ $ $ $ $ $ $ $

277,619 $ 460,400 $ 405,894 $ 349,811 $ 381,766 $ 433,375 $ 398,980 $ 352,916 $

271,869 283,418 270,954 270,309 262,376 263,416 246,488 243,099

102.11% 162.45% 149.80% 129.41% 145.50% 164.52% 161.60% 145.17%

86.44% 72.15% 75.13% 77.39% 75.33% 71.29% 72.81% 74.28%

Schedule of Virginia Tech’s Share of Net Pension Liability (VaLORS) For the measurement dates of June 30, 2021-2014 (all dollars in thousands)

Proportionate share of net pension liability as a percentage of employer’s covered payroll

Plan fiduciary net position as a percentage of total pension liability

Proportion of net pension liability

Proportionate share of net pension liability

Employer’s covered payroll

2021 2020 2019 2018 2017 2016 2015 2014

0.66% 0.64% 0.66% 0.66% 0.67% 0.67% 0.66% 0.70%

$ $ $ $ $ $ $ $

3,435 $ 5,024 $ 4,557 $ 4,144 $ 4,397 $ 5,201 $ 4,716 $ 4,706 $

2,296 2,367 2,293 2,294 2,315 2,328 2,247 2,461

149.61% 212.25% 198.74% 180.65% 189.94% 223.41% 209.88% 191.22%

78.18% 65.74% 68.31% 69.56% 67.22% 61.01% 62.64% 63.05%

Schedule of Virginia Tech’s Pension Contributions (SERP) For the years ended June 30, 2022 - 2015 (all dollars in thousands)

Contributions in relation to contractually required contribution

Contractually required contribution

Contribution deficiency (excess)

Contributions as a percentage of employer’s covered payroll

Employer’s covered payroll

2022 2021 2020 2019 2018 2017 2016 2015

$ $ $ $ $ $ $ $

41,085 $ 39,309 $ 37,758 $ 36,003 $ 36,466 $ 35,348 $ 36,931 $ 30,392 $

41,085 $ 39,309 $ 37,758 $ 36,003 $ 36,466 $ 35,348 $ 36,931 $ 30,392 $

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

283,379 271,869 283,418 270,954 270,309 262,376 263,416 246,488

14.50% 14.46% 13.32% 13.29% 13.49% 13.47% 14.00% 12.30%

Schedule of Virginia Tech’s Pension Contributions (VaLORS) For the years ended June 30, 2022 - 2015 (all dollars in thousands)

Contributions in relation to contractually required contribution

Contractually required contribution

Contribution deficiency (excess)

Contributions as a percentage of employer’s covered payroll

Employer’s covered payroll

2022 2021 2020 2019 2018 2017 2016 2015

$ $ $ $ $ $ $ $

557 $ 512 $ 503 $ 496 $ 483 $ 487 $ 439 $ 397 $

557 $ 512 $ 503 $ 496 $ 483 $ 487 $ 439 $ 397 $

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

2,535 2,296 2,367 2,293 2,294 2,315 2,328 2,247

21.97% 22.30% 21.25% 21.63% 21.05% 21.04% 18.86% 17.67%

All schedules above are intended to show information for 10 years. Since 2015 was the first year for this presentation, only eight years are available. Additional years will be included as they become available.

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Required Supplementary Information