RD473 (Published 2018) - Report on the Unfunded Liability Attributes of Institutions of Higher Education that have Established their Own Optional Retirement Plan – November 15, 2018

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RD473 - Report on the Unfunded Liability Attributes of Institutions of Higher Education that have Established their Own Optional Retirement Plan – November 15, 2018

Published: 2018
Author: Virginia Retirement System
Enabling Authority: Appropriation Act - Item 474 O.3. (Special Session I, 2018)

Report

Executive Summary:

Report on the approximate unfunded liability that may be attributable to university personnel in positions that used to be classified positions but have been transitioned to university staff positions, and the level of additional contributions the system will realize from the surcharge.