Virginia Retirement System Returns 7.5%

The Virginia Retirement System (VRS) returned 7.5% for the fiscal year ending June 30, surpassing its 7% assumed rate of return, but falling just short of the benchmark return of 7.7%. The performance raised the market value of the system’s pension fund to a new high of $78.6 billion, up from $74.4 billion at the same time last year.