Thomas Jefferson Institute for Public Policy

Written by Mr. Robert C. Carlson

August 2011

Pension Plan Reform in Virginia
Pension Plan Reform in Virginia — By Robert C. Carlson 

The Virginia Retirement System (VRS) faces an unfunded actuarial accrued liability of about $17 billion, and many view the cost of defined benefit retirement systems like VRS as unsustainable in future years. This new study explores ways to reduce costs -- including a hybrid plan combining both a defined benefit and a defined contribution plan. Read It Here!