CODE OF VIRGINIA

CERTAIN LOCAL DATA TO BE PROVIDED (§ 51.1-137.1)

In addition to the annual actuarial evaluation currently provided to
participating localities by the Virginia Retirement System, VRS annually shall
provide each participating locality the locality-specific data on which the
annual actuarial evaluation is based, and such other information as may be
necessary for each locality to determine the specific assumptions that are
driving its VRS-related costs, and to understand the retirement costs of
different classes of covered employees. The Virginia Retirement System is
authorized to assess fees for data collection, reporting, actuarial analysis,
and other requested services beyond those required for the annual actuarial
valuation provided to each participating employer. Such fees may be collected
from funds maintained and invested by the Virginia Retirement System on behalf
of each requesting employer.

HISTORY: 2007, c. 466.