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2013 Session

Budget Bill - SB800 (Introduced)

Virginia Retirement System

Item 483

Item 483

First Year - FY2013Second Year - FY2014
Investment, Trust, and Insurance Services (72500)$21,619,509$20,905,909
$25,145,448
Investment Management Services (72504)FY2013 $21,619,509FY2014 $20,905,909
$25,145,448
Fund Sources: 
Trust and AgencyFY2013 $21,619,509FY2014 $20,905,909
$25,145,448

Authority: Title 51.1, Chapters 1, 2, 2.1, and 3, Code of Virginia.


By September 30 of each year, the VRS Board of Trustees shall report to the Governor and the Chairmen of the House Appropriations and Senate Finance Committees on the prior fiscal year's results obtained by the internal investment management program.  The report shall include a comparison of investment performance against the board's benchmarks and an estimate of the program's fee savings when compared to similar assets managed externally.