Virginia Retirement System (158)
| Request Title | Expand in-house investment capabilities |
| Biennium | 2022-2024 |
| Budget Round | Initial Bill |
| Category | New nongeneral fund spending initiatives |
| Region | Richmond Area |
Description
|
Provides nongeneral fund appropriation for data sources and two full-time equivalent positions. The two investment officers will support the agency's in-house investment management activities. Managing assets in-house is expected to reduce investment management costs. |
Funding Summary
| Object Type | FY 2022 | FY 2023 | |
| General Fund Dollars | $0 | $0 | |
| Nongeneral Fund Dollars | $1,302,512 | $1,302,512 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 2.00 | 2.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2022 | FY 2023 |
| 725 | Investment, Trust, And Insurance Services | $1,302,512 | $1,302,512 | |
| By Fund | Fund Code | Fund Title | FY 2022 | FY 2023 |
| 07180 | Vrs Administrative Expense | $1,302,512 | $1,302,512 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2022 | FY 2023 |
| 725 | Investment, Trust, and Insurance Services | 2.00 | 2.00 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 07-18-2025 17:29:59
