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7 Service-Cost Relationship RS Relationship between VRS service and pension administration cost Virginia Retirement System Relative Service Service Score - All Average Score 25 High Service, Low Cost 20 8° O 15 10 5 0 -5 -10 -15 -20 -25 Low Service, Low Cost -30 -$200 -$100 $0 $100 $200 High Service, High Cost Pension Administration Cost $113 $74 VRS SCORE PEER AVERAGE COST Total Service Score 83 78 Low Service, VRS SCORE High Cost PEER MEDIAN SCORE $300 $400 Relative Admin. Cost = Admin. Cost - All Average Admin. Cost O Peer O All VRS © 2023 CEM Benchmarking Inc.

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