Fabio
82 lines
4.5 KiB
Markdown
82 lines
4.5 KiB
Markdown
---
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type: "Bill"
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title: "Virginia Retirement System; stress testing and reporting policies."
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description: "Requires the Virginia Retirement System (VRS) to formally adopt stress testing and additional reporting policies. The bill requires VRS to analyze and regularly report on projections of benefit levels, pension costs, liabilities, and debt reduction under various scenarios; to provide a detailed online statement of investment policy and include investment performance data in certain timeframes up to 25 years; and to report investment performance and expenses such as carried interest fees."
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2017"
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identifier: "HB 1768"
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citation: "Virginia HB 1768 (2017)"
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classification: ["bill"]
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subjects: ["Pensions", "Benefits and Retirement"]
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status: "enacted"
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primary_sponsors: ["T. Scott Garrett"]
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version_count: 4
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action_count: 17
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vote_count: 6
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first_action: "2017-01-09"
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last_action: "2017-03-20"
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source: "openstates"
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source_identifier: "ocd-bill/e2574a3d-d610-4a9c-bc06-95576a6bcb8f"
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source_url: "http://lis.virginia.gov/cgi-bin/legp604.exe?171+sum+HB1768"
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source_hash: "4714635c62df5fce880908340acf1693ebe85b0dcb2e9dade43c6316ed1c2ec8"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-va"]
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---
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# Virginia HB 1768 (2017) — Virginia Retirement System; stress testing and reporting policies.
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Requires the Virginia Retirement System (VRS) to formally adopt stress testing and additional reporting policies. The bill requires VRS to analyze and regularly report on projections of benefit levels, pension costs, liabilities, and debt reduction under various scenarios; to provide a detailed online statement of investment policy and include investment performance data in certain timeframes up to 25 years; and to report investment performance and expenses such as carried interest fees.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Governor: Acts of Assembly Chapter text (CHAP0639)** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+CHAP0639)
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2. **House: Bill text as passed House and Senate (HB1768ER)** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB1768ER)
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3. **House: Committee substitute printed 17104819D-H1** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB1768H1)
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4. **House: Prefiled and ordered printed; offered 01/11/17 17103354D** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB1768)
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## Votes
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- Constitutional reading dispensed — **39–0** (pass) · legislature
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- Passed Senate — **40–0** (pass) · legislature
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- Reported from Appropriations with substitute — **22–0** (pass) · legislature
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- Read third time and passed House BLOCK VOTE — **95–0** (pass) · legislature
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- Reported from Finance — **16–0** (pass) · legislature
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- Subcommittee recommends reporting with substitute — **7–0** (pass) · legislature
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## Sponsors
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- T. Scott Garrett — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2017-01-09** Prefiled and ordered printed; offered 01/11/17 17103354D `introduction`
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- **2017-01-09** Referred to Committee on Appropriations `referral-committee`
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- **2017-01-12** Assigned App. sub: Compensation and Retirement `referral-committee`
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- **2017-02-01** Read first time `reading-1`
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- **2017-02-02** Read second time `reading-2`
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- **2017-02-02** Committee substitute agreed to 17104819D-H1
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- **2017-02-02** Engrossed by House - committee substitute HB1768H1
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- **2017-02-03** Read third time and passed House BLOCK VOTE (95-Y 0-N) `passage, reading-3`
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- **2017-02-06** Constitutional reading dispensed
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- **2017-02-06** Referred to Committee on Finance `referral-committee`
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- **2017-02-17** Read third time `reading-3`
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- **2017-02-21** Enrolled
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- **2017-02-21** Signed by Speaker
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- **2017-02-21** Signed by President
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- **2017-02-21** Enrolled Bill communicated to Governor on 2/21/17
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- **2017-02-21** Governor's Action Deadline Midnight, March 27, 2017
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- **2017-03-20** Approved by Governor-Chapter 639 (effective 7/1/17) `executive-signature`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/e2574a3d-d610-4a9c-bc06-95576a6bcb8f`. Confidence: reported (aggregated from official Virginia legislature records).
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