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  1. Employer Update
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  3. Board of Trustees

Employer Update

Category: Board of Trustees

Decorative. On the right, three loose leaf binders are stacked on a table. Labels on their spines read political subdivisions, VLDP and LODA. in the bckground, on the right, a person in professional dress sits on the opposite side of the table, working on some papers.

VRS Sets Rates for Political Subdivisions, VLDP and Line of Duty Act

December 2025

The average defined benefit rate paid by political subdivision employers will decrease slightly in FY 2026-2027.

Decorative. A female torso in professional dress holds two loose leaf binders in the left hand. Labels on the spines of the binders read State and OPEB. A tiled wall is in the background.

Board Certifies FY 2027-2028 Rates for Statewide Plans and OPEBs

November 2025

The funded status of the statewide plans increased, and investment gains will help stabilize rates employers pay.

Illustrative. A group of teachers conversing in a classroom while late afternoon sunlight stream in through large windows.

Preview: VRS Board to Certify Contribution Rates This Fall

October 2025

The VRS board will certify FY 2027-2028 rates for statewide retirement plans and other post-employment benefit plans.

Decorative. A row of matching executive chairs line one side of a long conference room table. Windows and a city skyline are in the background.

J. Clifford Foster IV Joins VRS Board of Trustees

May 2025

Gov. Youngkin appointed J. Clifford Foster to the VRS Board of Trustees.

Portraits of Lawrence Bernert and Matthew James with text saying new board members between them.

VRS Welcomes New and Reappointed Board Members

May 2024

The General Assembly appointed Lawrence Bernert and Matthew James to the VRS Board; Gov. Youngkin reappointed Susan Gooden.

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