VRS reported a 12.1% return, net of fees, for the fiscal year that ended June 30, 2026. The strong return surpassed the actuarially assumed return of 6.75% and pushed the fund to $135.2 billion in market value.
Andrew Junkin, VRS’ chief investment officer, says total fund returns have averaged more than 9% over the past 10 years. “This adds to the health of the plan but also allows us to keep contribution rates stable as we move forward.”
