Virginia Retirement System
public plan · State of Virginia · Richmond, VA
ACTIVE
A
Pension Health Score
82/100
Funding Status78% Funded
0%80% threshold100%
$88.4B
Total Assets
$113.7B
Total Liabilities
$25.3B
Unfunded Liability
779,105
Participants
Funding History
What This Means for You
Virginia Retirement System is in excellent financial health at 78% funded. This means for every dollar the plan owes in future benefits, it has 78 cents in assets to cover it. As a public pension, benefits are typically backed by the taxing authority of the sponsoring government. Participants in this plan have relatively low risk of benefit reductions.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $88.4B | $113.7B | 77.7% | $3.9B |
| 2024 | $85.9B | $114.4B | 75.1% | $5.2B |
| 2023 | $83.1B | $115.3B | 72.1% | $4.6B |
| 2022 | $80.1B | $94.7B | 84.6% | $5.1B |
| 2021 | $75.0B | $113.4B | 66.1% | $4.9B |