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 > Bishop Named VRS Acting Director

Bishop Named VRS Acting Director

Patricia S. Bishop

RICHMOND, January 9, 2015 — The Virginia Retirement System Board of Trustees today named Patricia S. Bishop acting director, effective Feb. 17 and continuing until the board names a permanent director. The current director, Robert P. Schultze, announced this week that he will leave VRS Feb. 16 to become the president and chief executive officer of ICMA Retirement Corporation.

Bishop, who has served the commonwealth for more than 20 years, joined VRS in 2008 and currently serves as deputy director, overseeing implementation of benefit policy and processing, retirement counseling, call center services, training and education services and insurance programs.

Before becoming deputy director, Bishop served as VRS' director of policy, planning and compliance where she provided legislative liaison support with the state executive branch and the General Assembly, worked with the retirement actuary and approved agency policy and procedures.

Bishop previously served as a principal legislative analyst with the Joint Legislative Audit and Review Commission (JLARC), where she participated in and led research teams that evaluated a wide array of state agencies and programs.

"We are fortunate to have Trish step into the role of acting director and to lead the agency during this period of transition," said VRS Board of Trustees Chairman Diana F. Cantor. "She brings a great deal of knowledge about state government and agency operations that will provide continuity in leadership for VRS while the board focuses on its search for a permanent director."

VRS is the 21st largest public or private pension plan in the United States and the 49th largest public or private pension plan in the world with more than $66 billion in assets under management.

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