The Virginia Retirement System expects to adopt comparable rates for state agencies and school divisions to pay for their employees' long-term pension benefits in the next two-year state budget, even ...

Gov. Bob McDonnell has signed into law sweeping changes to Virginia’s retirement system, including reduced pension benefits for employees with less than five years of service and an entirely different ...

The Virginia Retirement System estimates it earned a 6.5% return on its investments in the last fiscal year, below its current annual target but closer to future expectations for the income it needs ...

RICHMOND, Va. — The $59 billion Virginia Retirement System is seeking the General Assembly's approval to manage other investments for a fee. The system's board voted 7-1 last month to seek the ...