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