Employer Update

VRS achieved a 27.5% return, net of fees, on its investment portfolio for fiscal year 2021. The VRS trust fund ended the year with approximately $101.8 billion, exceeding the $100 billion mark for the first time in its history.

"We have registered one of the strongest returns in recent memory," said Chief Investment Officer Ronald D. Schmitz. The return surpassed the 6.75% annual assumed rate of return, outperformed the benchmark for the fund and exceeded the assumed rate of return for the one-, three-, five- and 10-year periods.

Read the full release.