LIS > Budget Bill > Item 483 > 2014 Special Session I

Virginia Retirement System (158)

483.	Investment, Trust, and Insurance Services (72500)	29,134,974	29,134,974

	Investment Management Services (72504)	29,134,974	29,134,974

Fund Sources:	Trust and Agency	29,134,974	29,134,974

Authority: Title 51.1, Chapters 1, 2, 2.1, and 3, Code of Virginia.

By September 30 of each year, the Board of Trustees of the Virginia Retirement System shall report to the Governor and the Chairmen of the House Appropriations and Senate Finance Committees on the prior fiscal year’s results obtained by the internal investment management program. The report shall include a comparison of investment performance against the board’s benchmarks and an estimate of the program’s fee savings when compared to similar assets managed externally.

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