VRS 80 Years Celebration & Overview

26 VRS Overview RS Virginia Retirement System Health of plans improves with commitment of the General Assembly and Governor to maintaining budget efforts to support contribution rates. St $ One-time infusion of $750 million and additional budgeted one-time payments reduce unfunded liabilities, generate longer-term savings, reduce rate volatility and improve plan health. ■ Funded status of the plans has improved over time: Portfolio experienced exceptional FY 2021 return. FY 2021 return will serve to mitigate future market fluctuations. Unfunded liabilities from prior periods remain.

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