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Virginia Retirement System

Public employee pension system of Virginia

Overview

Virginia Retirement System (VRS) is the state system that manages retirement, disability, and survivor benefits for Virginia’s public servants, including teachers and state employees. Members and their employers contribute to retirement funds, which are invested and managed to pay future benefits. The funds are kept as independent trusts and overseen by a board with appointments shared by the Governor and the General Assembly. This makes VRS different from private pension plans because it is a government-run system with publicly controlled trusts and governance. Its goal is to provide stable, predictable financial support for its members and their beneficiaries throughout retirement and after.

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About Virginia Retirement System

Simplify's Rating
Why Virginia Retirement System is rated
B-
Rated A on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Government & Public SectorFinancial ServicesEducation

Company Size

N/A

Company Stage

N/A

Total Funding

$14.3M

Headquarters

Richmond, VA

Founded

1942

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What believers are saying

  • VRS posted 12.1% returns in August 2026, lifting assets to $135.2 billion.
  • Governor Abigail Spanberger's March 2026 appointment and September 2026 trustee addition refresh oversight.
  • April 2026 COLA approval supports retiree satisfaction and employer retention across Virginia agencies.

What critics are saying

  • FY 2027-2028 teacher contribution rates rise to 12.20%, squeezing Virginia budgets.
  • A market drawdown after 2026's 12.1% return would quickly pressure funding and benefits.
  • Political board appointments, including March 2026 and September 2026, invite governance drift.

What makes Virginia Retirement System unique

  • Virginia Retirement System manages $135.2 billion as of June 30, 2026.
  • VRS funds two-thirds of benefits through investment earnings, not only payroll contributions.
  • Virginia Constitution protects VRS trust funds as separate, independent member-benefit trusts.

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Funding

Total Funding

$14.3M

Above

Industry Average

Funded Over

0 Rounds

Benefits

  • Hybrid Work Options

Company News

Virginia Retirement System
Oct 20th, 2026
Virginia Retirement System recognized for excellence in Plan Funding and Administration.

Virginia Retirement System recognized for excellence in Plan Funding and Administration. October 20, 2026 The Virginia Retirement System has received the 2026 Public Pension Standards Award for Funding and Administration from the Public Pension Coordinating Council. The award recognizes public defined benefit plans that meet rigorous benchmarks for funding and administration. VRS has earned a Public Pension Standards Award every year since 2003. From 2003 through 2011, VRS received recognition for Plan Design and Administration. Since 2012, VRS has earned recognition for Funding and Administration. To receive the 2026 award, VRS met funding requirements and administrative standards in five key areas: benefits administration, actuarial practices, auditing, investments and communications. The Public Pension Coordinating Council is a coalition of the National Association of State Retirement Administrators, the National Conference on Public Employee Retirement Systems and the National Council on Teacher Retirement. Together, the organizations represent more than 500 of the nation's largest public pension plans, serving approximately 18 million state and local government employees. Media inquiries: Virginia Sowers, VRS Director of Strategic Communications.

Transcript Daily
Sep 10th, 2026
VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Ralph Lauren Corporation $RL

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Ralph Lauren Corporation (NYSE:RL – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,033 shares of the textile maker’s stock, valued at approximately $3,225,000. A number of […]

Ticker Report
Sep 9th, 2026
VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $6.56 Million Investment in Invitation Home $INVH

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Invitation Home (NYSE:INVH – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm purchased 217,099 shares of the company’s stock, valued at approximately $6,559,000. A number of other hedge funds have also modified their holdings of INVH. BlackRock Inc. purchased a new […]

Defense World
Apr 3rd, 2024
Pacer Advisors Inc. Sells 2,036 Shares of Medpace Holdings, Inc. (NASDAQ:MEDP)

Virginia Retirement Systems ET AL purchased a new stake in Medpace in the second quarter worth $54,927,000.

ETFDailyNews.com
Mar 6th, 2024
Truist Financial Corp Has $15.04 Million Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Finally, Virginia Retirement Systems ET AL purchased a new stake in Archer-Daniels-Midland in the 2nd quarter valued at about $85,648,000.

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