VRS; calculation for pension fund liabilities and assumed rate of return on its investments. (HB511)

Introduced By

Del. Bob Purkey (R-Virginia Beach)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Virginia Retirement System.  Requires that the Virginia Retirement System (i) adjust annually its calculation of pension fund liabilities and obligations by the rate of interest on 10-year U.S. Treasury notes and (ii) assume a rate of return on its investments no greater than the rate of interest on such notes. The bill shall expire whenever the funding level for the Virginia Retirement System is at least 90 percent of actuarial attested premium obligations and liabilities for three consecutive years. Read the Bill »


Bill Has Failed


01/10/2012Prefiled and ordered printed; offered 01/11/12 12102238D
01/10/2012Referred to Committee on Appropriations
01/16/2012Assigned App. sub: Compensation and Retirement
01/20/2012Impact statement from VRS (HB511)
02/20/2012Left in Appropriations