2016 Session

Budget Bill - HB30 (Chapter 780)

Virginia Retirement System

Item 490

Item 490

First Year - FY2017Second Year - FY2018
Investment, Trust, and Insurance Services (72500)$30,686,981$30,732,829
Investment Management Services (72504)FY2017 $30,686,981FY2018 $30,732,829
Fund Sources:  
Trust and AgencyFY2017 $30,686,981FY2018 $30,732,829

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.