Authorizes the Virginia Retirement System to assess a surcharge to institutions of higher education that administer their own optional retirement plans for each employee that began participating in the optional retirement plan on or after January 1, 2014, and were not directly engaged in the performance of teaching duties as of that date. The Department of Accounts, Virginia Retirement System, and universities shall identify and report expenditures for positions that transitioned from classified to university staff positions. The Virginia Retirement System and universities shall also report the unfunded liability that may be attributable to these positions and expected contributions from the surcharge by November 15, 2018.