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The Virginia Retirement System is an independent state agency that administers pension plans, retirement savings plans, and other benefits to public employees in the U.S. state of Virginia. As of 2018, the agency ranks as the 14th largest public or private pension fund in the United States and is the 42nd largest retirement system in the world.
Public employee pension plans in the United States. In the United States, public sector pensions are offered at the federal, state, and local levels of government. They are available to most, but not all, public sector employees. These employer contributions to these plans typically vest after some period of time, e.g. 5 years of service.
Kay Coles James. Kay Coles James (born June 1, 1949) is an American public official who served as secretary of the Commonwealth of Virginia from January 2022 to August 2023, and as the director for the United States Office of Personnel Management under President George W. Bush from 2001 to 2005. [1] Previous to the OPM appointment, she served ...
Archaeologists in Virginia have uncovered what is believed to be the remains of a military barracks from the Revolutionary War, including chimney bricks and musket balls indented with soldiers' teeth.
The wealthiest state for average retirement savings is Connecticut, at $545,754, with Alaska and Vermont following closely at $503,822 and $494,569, respectively.
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Inaugural holder. Otis L. Brown. (as Secretary of Human Affairs) Formation. April 8, 1972. Website. hhr.virginia.gov. The secretary of health and human resources is a member of the Virginia Governor's Cabinet. The office is currently vacant pending confirmation of John Littel, Governor Glenn Youngkin 's nominee for the post.
The northern Virginia city has the highest paid retirees with a mean income of $90,140. Nearby Alexandria, Virginia ranks fifth overall with an average of $77,952.