RD137 - Oversight Report of Virginia Retirement System (VRS) Biennial Status and Semi-Annual Investment Report, June 2007


Executive Summary:
As of March 31, 2007, the market value of the VRS pension fund was $55.1 billion. The return for the total fund for the one-year period ending March 31, 2007, was 13.5 percent. The fund’s performance exceeded established benchmarks for the one-, three-, five-, and ten-year periods ending March 31, 2007. The fund also exceeded the assumed actuarial rate of return, 7.5 percent, for all of these periods.