Employer Update

The Virginia Retirement System reported a 0.6% return, net of fees, on its investment portfolio for fiscal year 2022, ending the year with approximately $101.2 billion.

“VRS remains in a solid position to support our current and future retirees and also maintain stable contribution rates for our employers,” said VRS Board Chair A. Scott Andrews. “Our investment professionals are bound by a risk-controlled approach; yet, they typically add about a half percent of outperformance annually. In a year scarred by inflation, war and other disruptions, they achieved a remarkable 6% of added value above the benchmark, which translates to hundreds of millions toward the bottom line of the VRS trust fund.”

Read the full release.