Investor Presentaiton

33 JRS Plan - Replacement Ratios Observations RS Virginia Retirement System Younger appointees have adequate time to accumulate defined contribution component that potentially exceeds Plan 1 or Plan 2 replacement ratios. Members hired after age 55 have shorter period of time for defined contribution balances to accumulate, therefore providing slightly less value from defined contribution component. Options exist to modify plan design for judges appointed on or after age 55 to provide them with Replacement Ratio similar to Plan 1 or Plan 2: Increase matching contributions to 100% Increase benefit multiplier from 1.0 to 1.1 Increase service weighting from 2.5 to 2.75%

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