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Investor Presentaiton

17 Funded Status: State 100.0% 90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 3.0.0% 20.0% 10.0% 88.0% 84.0% RS New GASB accounting rules reflect funded status on the market value basis beginning in 2014 The funded status for FY 2023 based on the actuarial value of assets was 79.0% 75.2% 70.6% 65.6% 65.1% 74.1% 71.2% 71.5%-76.3% 80.2% 81.0% 81.7% 82.4% 83.3% 83.9% Virginia Retirement System State Plan Unfunded Liability as of 6/30/2023 $6.1 Billion using Actuarial Assets $5.8 Billion using Market Assets 0.0% 76.8% 75.2% 2008 up to 2013 & Market Value of Assets 2014 Forward Notes: 2009 Historical Funded Status - Actuarial Value of Assets 72.9% 86.5% 81.3% 2010 2011 2012 2013 2014 Projected funded status based on assumed investment returns of 6.75% and inflation of 2.5%. GASB Accounting rules reflect funded status using Market Value of Assets effective 6/30/14 for Plan Reporting and 6/30/15 for Employer Reporting. 2015 2016 2017 2018 2019 2020 2021 2022 Projected Funded Status using Market Value of Assets (New GASB Standard) 2023 2024 2025 2026 2027 2028
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