FY22 financial report print.indd
Virginia Tech Financial Report 2021-2022
Required Supplementary Information for Other Postemployment Benefit Plans
Schedule of Virginia Tech’s Share of OPEB Liability (Asset) For the years ended June 30, 2022-2018 (all dollars in thousands)
Year* 2022 2021 2020 2019 2018
PMRH
VSDP
GLI
HIC
LODA
Employer’s proportion of the collective total OPEB liability (asset)
9.02% 8.93% 8.72% 8.53% 8.34%
3.69% 3.72% 3.79% 3.81% 3.79%
3.03% 3.03% 2.99% 2.95% 2.87%
8.66% 8.63% 8.59% 8.32% 8.19%
0.25% 0.23% 0.24% 0.23% 0.25%
Employer’s proportionate share of the collective total OPEB liability (asset)
2022 $ 2021 $ 2020 $ 2019 $ 2018 $
40,472 $ 50,797 $ 59,214 $ 85,746 $ 108,278 $
(12,709) $ (8,213) $ (7,438) $ (8,583) $ (7,790) $ 159,351 $ 161,260 $ 153,447 $ 147,739 $ 142,553 $
35,260 $ 50,486 $ 48,635 $ 44,770 $ 43,235 $ 625,278 $ 622,611 $ 585,890 $ 553,929 $ 526,681 $
73,126 $ 79,244 $ 79,327 $ 75,868 $ 74,567 $
1,103
957 868 735 663
Employer’s covered payroll (where applicable)
2022 2021 2020 2019 2018 2022 2021 2020 2019 2018
$ $ $ $ $
623,963 621,914 585,614 558,853 531,560 11.72% 12.74% 13.55% 13.58% 14.03%
Proportionate share of the collective total OPEB liability (asset) as a percentage of employer’s covered payroll
7.98% 5.09% 4.85% 5.81% 5.46%
5.64% 8.11% 8.30% 8.08% 8.21%
Covered-employee payroll (where applicable)
2022 $ 2021 $ 2020 $ 2019 $ 2018 $
689,890 642,357 601,489 575,313 548,609 5.87% 7.91% 9.84% 14.90% 19.74%
N/A** N/A** N/A** N/A** N/A** N/A** N/A** N/A** N/A** N/A** 1.68% 1.02% 0.79% 0.60% 1.30%
Proportionate share of the collective total OPEB liability (asset) as a percentage of covered-em ployee payroll
2022 2021 2020 2019 2018 2022 2021 2020 2019 2018
Plan Fiduciary Net Position as a percentage of the total OPEB liability (asset)
N/A N/A N/A N/A N/A
229.01% 181.88% 167.18% 194.74% 186.63%
67.45% 52.64% 52.00% 51.22% 48.86%
19.75% 12.02% 10.56% 9.51% 8.03%
*The amounts presented have a measurement date of the previous fiscal year end. **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 five years are available. Additional years will be included as they become available.
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Required Supplementary Information
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