2016 Session

Budget Bill - HB29 (Enrolled)

Virginia Retirement System

Item 483

Item 483 (Not set out)

First Year - FY2015Second Year - FY2016
Investment, Trust, and Insurance Services (72500)$29,134,974$29,134,974
Investment Management Services (72504)FY2015 $29,134,974FY2016 $29,134,974
Fund Sources:  
Trust and AgencyFY2015 $29,134,974FY2016 $29,134,974

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

By September 30 of each year, the Board of Trustees of the Virginia Retirement System 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.