2019 State of the Commonwealth Report
The Virginia Retirement System (VRS) manages the assets in the Commonwealth’s public employee retirement systems. The available evidence suggests that the VRS has been well managed and has outperformed many other state pension funds. We evaluate the VRS’s performance and suggest changes that could enable it to lower its costs even while improving its rate of return.
Dragas Center for Economic Analysis and Policy, Old Dominion University, "Part 3: The Virginia Retirement System: Assessing Its Challenges and Charting Its Future" (2019). State of the Commonwealth Reports. 39.