FINANCIAL_SERVICESONGOING

VRS Continues TIAA Higher Education Retirement Program

VRS continues to offer TIAA investment options through its Optional Retirement Plan for Higher Education. The program included target-date portfolios, annuities, customized portfolios, and brokerage accounts, with $913 million in assets as of September 30, 2022.

Document date · December 12, 2022

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Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Ongoing; program assets reported as of September 30, 2022
Renewal
No renewal or expiration terms are stated. The report notes that participants may invest through TIAA under the higher education retirement plan.
Document type
Report
Source document
Joint Legislative Audit and Review Commission Report VRS Oversight Report 2022-12-12

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Virginia Joint Commission on Administrative Rules?

TIAA was awarded this financial services contract by Virginia Joint Commission on Administrative Rules, as recorded on December 12, 2022.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in Joint Legislative Audit and Review Commission Report VRS Oversight Report 2022-12-12 (Report), dated December 12, 2022 from Virginia Joint Commission on Administrative Rules. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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