VVirginia 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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Total Funding
$14.3M
Headquarters
Richmond, VA
Founded
1942
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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.
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 […]
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 […]
Virginia Retirement Systems ET AL purchased a new stake in Medpace in the second quarter worth $54,927,000.
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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Industries
Company Size
N/A
Company Stage
N/A
Total Funding
$14.3M
Headquarters
Richmond, VA
Founded
1942
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Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs