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The Virginia Retirement System is an independent state agency that administers pension plans, retirement savings plans, and other benefits to public employees in the U.S. state of Virginia. [1] As of 2018, the agency ranks as the 14th largest public or private pension fund in the United States and is the 42nd largest retirement system in the world.
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The group operates as a nonprofit health care provider, [7] serving 1.8 million medical and dental health plan members nationwide. [8]HealthPartners says that the cost of medical care for its members is 13% lower than the state average and as much as 4.4% lower than the regional costs.
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In the 2010 session of the General Assembly, Governor Bob McDonnell proposed legislation (SB 236), which was enacted on March 11, 2010, to have the Virginia Information Technologies Agency report to the Executive Branch instead of an independent board. The law abolished the Information Technology Investment Board (ITIB) and replaced it with a ...
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