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VRS BONUSES The VRS board awarded almost $4.5 million in bonuses

Forty-one on investment staff rewarded for pension system’s performance

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Posted: Friday, September 13, 2013 12:00 am

The Virginia Retirement System is rewarding its internal investment staff for the market performance of the $58 billion public pension system last year.

The VRS board of trustees voted unanimously on Thursday to award almost $4.5 million in bonuses to 41 members of its internal investment staff, who help save the system an estimated $11.4 million a year in fees to Wall Street fund managers.

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