The Virginia Retirement System has received the 2026 Public Pension Standards Award for Funding and Administration from the Public Pension Coordinating Council. The award recognizes public defined benefit plans that meet rigorous benchmarks for funding and administration.
VRS has earned a Public Pension Standards Award every year since 2003.
From 2003 through 2011, VRS received recognition for Plan Design and Administration. Since 2012, VRS has earned recognition for Funding and Administration. To receive the 2026 award, VRS met funding requirements and administrative standards in five key areas: benefits administration, actuarial practices, auditing, investments and communications.
The Public Pension Coordinating Council is a coalition of the National Association of State Retirement Administrators, the National Conference on Public Employee Retirement Systems and the National Council on Teacher Retirement. Together, the organizations represent more than 500 of the nation's largest public pension plans, serving approximately 18 million state and local government employees.
For more information about the Public Pension Coordinating Council and the Public Pension Standards Award, visit nasra.org/ppcc.
Media inquiries: Virginia Sowers, VRS Director of Strategic Communications.