Virginia Retirement System

Overview

The Virginia Retirement System administers retirement and related benefits for Virginia public-sector employees.¹

Investment earnings help fund pension payments for VRS members and beneficiaries.¹

Estimated AUM: $122.8B as of Jun 30, 2025³
Capital pool: public pension plan²
Investment model: Our professional investment team executes the board’s policy through external investment manager selection, active management of in-house portfolios and active management of overall investment exposures.¹
Investment approach: Member News Start Saving Today to Cover Surprise Expenses An emergency fund can grow over time and help you stay focused on long-term goals.²
Spending support: Official investment page states investment earnings fund about two-thirds of pension payments.¹
Spending policy: Not listed yet
Asset allocation: Public evidence references these asset classes or allocation areas: private equity, fixed income.¹
Performance: Not listed yet
Governance: Learn More About VRS Board Meetings & Minutes Leadership Legislation Annual Reports Financial Reporting Education Education Explore in-class sessions, webinars, e-learning, videos and counseling opportunities.²
Investment team: Jummai Sarki-Hurd Portfolio Manager Real Assets Management I love having the opportunity to create long-term income for people who work tirelessly on behalf of our children, our safety, our natural resources, and our communities.⁴
Unfunded commitments: Not listed yet
Source freshness: Last verified Jul 4, 2026 · Verified

Last verified Jul 4, 2026 from public career and organization materials.

Website (varetire.org)Parent organization overview, Pool purpose, Investment model, Spending support, Asset allocation, Investment office page · checked Jul 3, 2026
Website (varetire.org)Institution type, Capital pool, Headquarters, Investment approach, Governance · checked Jul 3, 2026
Website (employers.varetire.org)Estimated AUM · checked Jul 3, 2026
Job posting (varetire.org)Investment team · checked Jul 4, 2026