Virginia Retirement System (158)
| Request Title | Provide additional funding for investment department |
| Biennium | 2024-2026 |
| Budget Round | Initial Bill |
| Category | New nongeneral fund spending initiatives |
| Region | Richmond Area |
Description
|
Supports consulting services, additional data feeds, and additional positions across the investments department to support the growth of the agency's in-house investment management activities and to implement new Board-approved investment strategies. |
Funding Summary
| Object Type | FY 2024 | FY 2025 | |
| General Fund Dollars | $0 | $0 | |
| Nongeneral Fund Dollars | $2,590,542 | $3,161,810 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 7.00 | 9.00 | |
| 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 2024 | FY 2025 |
| 725 | Investment, Trust, And Insurance Services | $2,590,542 | $3,161,810 | |
| By Fund | Fund Code | Fund Title | FY 2024 | FY 2025 |
| 07180 | Vrs Administrative Expense | $2,590,542 | $3,161,810 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
| 725 | Investment, Trust, and Insurance Services | 7.00 | 9.00 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 06:22:09
