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 > VRS Receives PPCC Award for 14th Consecutive Year

VRS Receives PPCC Award for 14th Consecutive Year

RICHMOND, November 9, 2017 — For the 14th year, the Virginia Retirement System (VRS) has received an award from the Public Pension Coordinating Council (PPCC).

The PPCC Public Pension Standards Award for Funding and Administration reflects expectations for managing, administering and funding public retirement systems like VRS. The 2017 award recognizes VRS' funding adequacy, comprehensive benefit program, actuarial valuation, audit, investments and communications.

"We are deeply appreciative of PPCC's recognition of the quality of service VRS strives to provide," said Patricia S. "Trish" Bishop, director of VRS. "I also commend our staff for their exceptional performance and commitment to sound financial stewardship and delivery of benefits to our members, retirees, beneficiaries and participating employers across the state."

The PPCC is a coalition of the National Association of State Retirement Administrators, the National Council on Teacher Retirement and the National Conference on Public Employee Retirement Systems. The council represents more than 500 of the largest pension plans in the United States, serving most of the nation's 16 million employees of state and local government.

About Virginia Retirement System

VRS, an independent state agency with a $75 billion portfolio, is the 20th largest public or private pension system in the U.S. and 44th largest in the world, serving more than 678,000 members, retirees and beneficiaries. The agency delivers retirement and other benefits to covered Virginia public-sector employees through sound financial stewardship and superior customer service. Participating employers include state agencies, public colleges and universities, local public school divisions, state police officers, Virginia law officers, political subdivisions and the judiciary.

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