VRS 80 Years Celebration & Overview

VRS Fiduciary Duty RS Virginia Retirement System Administer the trust fund solely in the interests of VRS members, retirees and beneficiaries Constitution of Virginia ◉ Code of Virginia Internal Revenue Code 46 Manage assets with care, skill, prudence and diligence Trustees carry out the Board's fiduciary duties and responsibilities Protect long-term value of investment portfolio Provide benefit security to members and rate stability for employers Maintain broadest possible opportunity set in the investment portfolio Divesting from/not investing in certain sectors may contradict fiduciary requirements Investment income has historically funded two-thirds of benefit payments

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