Virginia Retirement System; stress testing and reporting policies. (HB1768)

Introduced By

Del. Scott Garrett (R-Lynchburg)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Virginia Retirement System; stress testing and reporting policies. Requires the Virginia Retirement System (VRS) to formally adopt stress testing and additional reporting policies. The bill requires VRS to analyze and regularly report on projections of benefit levels, pension costs, liabilities, and debt reduction under various scenarios; to provide a detailed online statement of investment policy and include investment performance data in certain timeframes up to 25 years; and to report investment performance and expenses such as carried interest fees. Read the Bill »


Bill Has Passed


01/09/2017Prefiled and ordered printed; offered 01/11/17 17103354D
01/09/2017Referred to Committee on Appropriations
01/12/2017Assigned App. sub: Compensation and Retirement
01/20/2017Impact statement from VRS (HB1768)
01/26/2017Subcommittee recommends reporting with substitute (7-Y 0-N)
01/30/2017Reported from Appropriations with substitute (22-Y 0-N) (see vote tally)
01/30/2017Committee substitute printed 17104819D-H1
02/01/2017Impact statement from VRS (HB1768H1)
02/01/2017Read first time
02/02/2017Read second time
02/02/2017Committee substitute agreed to 17104819D-H1
02/02/2017Engrossed by House - committee substitute HB1768H1
02/03/2017Read third time and passed House BLOCK VOTE (95-Y 0-N)
02/03/2017VOTE: BLOCK VOTE PASSAGE (95-Y 0-N) (see vote tally)
02/06/2017Constitutional reading dispensed
02/06/2017Referred to Committee on Finance
02/15/2017Reported from Finance (16-Y 0-N) (see vote tally)
02/16/2017Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/17/2017Read third time
02/17/2017Passed Senate (40-Y 0-N) (see vote tally)
02/21/2017Signed by Speaker
02/21/2017Signed by President
02/21/2017Bill text as passed House and Senate (HB1768ER)
02/21/2017Enrolled Bill communicated to Governor on 2/21/17
02/21/2017G Governor's Action Deadline Midnight, March 27, 2017
02/22/2017Impact statement from VRS (HB1768ER)
03/20/2017G Approved by Governor-Chapter 639 (effective 7/1/17)
03/20/2017G Acts of Assembly Chapter text (CHAP0639)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 1 minute.