Virginia’s retirement system for public employees is getting close to being fully funded, thanks to a strong stock market and extra help from state lawmakers in the last budget.
The Virginia Retirement System was earning an 11.5% return on its market investments through the end of March, boosting the value of its trust fund above $113 billion to pay long-term pension obligations for more than 800,000 teachers, state and local government employees, retirees and inactive members.
Read the full story in the Richmond Times-Dispatch.
