The Compensation and Retirement Subcommittee received an informational presentation from Virginia Retirement System Director Patricia S. Bishop covering VRS investment performance, funded status, contribution rates for the upcoming biennium, and the Hybrid Retirement Plan's design and potential improvement options. No votes or formal actions were taken.
“VRS has a very large footprint. We have nearly 860,000 members, retirees and beneficiaries. We're the 15th largest public or private pension plan in the U.S. and the 36th largest in the world.”
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Sign in to subscribeCommittee to order. I want to welcome everybody to this first meeting of this year. Should be a quick meeting. I know we have some things to do this afternoon back on the floor, so I will go ahead and get to the presentation shortly. But before you do that, we will start with introductions. And what I will do is start from my right and go to my left and start with Delegate Simons. Good afternoon. I'm Delegate Shelly Simons representing part of Newport News. Thank you very much. Good afternoon. I'm Kathy Tran. I represent the 18th House District, which is parts of southeast Fairfax County. Delegate Rodney Willett representing the 58th district, which is parts of Western Henrico. And the most grateful person in this room that we have our new chair for the subcommittee. Thank you. Thank you, Mr. Chair. Good afternoon. I'm Cliff Hayes representing the 91st district, which is Chesapeake and a portion of Portsmouth. Good afternoon. Keith Hodges, delegate for the 68th district, which is Gloucester, Matthews, Middlesex, King, Queen, Essex and King William counties. Good afternoon. I'm Scott Wyatt representing parts of Hanover county and part of New King County. Now I'll…
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