Virginia Retirement System Salary

Virginia Retirement System Salary

How much does the Virginia Retirement System Pay for employees?

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As of May 2026, the average annual salary for employees at Virginia Retirement System in the United States is $104,868. This translates to an approximate hourly wage of $50. Salaries at Virginia Retirement System typically range from $92,167 to $118,744 annually, reflecting the diverse roles and experience levels within the company. Virginia Retirement System’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Virginia Retirement System Pay for Different Roles?

Explore detailed salary information for specific jobs at Virginia Retirement System. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
How accurate does the salary look to you?

Current Job Openings at Virginia Retirement System

Ready for your next career move? Explore current job openings at Virginia Retirement System. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Virginia Retirement System’s Pay Competitive? Salary Benchmarking Analysis

How does Virginia Retirement System’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
150k
120k
90k
60k
30k
0
Average Salary ($/year)
Virginia Retirement System
Insurance
nationwide financial grp Inc
United Association National Pension Fund
Industry Comparison
Our data shows that, on average, compensation at Virginia Retirement System is below the average for the U.S. Insurance industry by approximately 15%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Virginia Retirement System average annual salary with several similar companies. Virginia Retirement System average salary of $104,868 is lower than nationwide financial grp Inc, which has an average salary of $105,026. It is lower than United Association National Pension Fund, with their average salary at $117,916. This places Virginia Retirement System in a developing position among its peers.
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How Virginia Retirement System's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Virginia Retirement System. Click a company name to learn more.

Employee Reviews: Working at Virginia Retirement System

Considering a career at Virginia Retirement System? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
It’s a solid place to work if you value predictability in the insurance sector. The company operates efficiently in the insurance space. The insurance products are well-established, adding credibility to daily tasks. Training programs are thorough, ensuring everyone is well-prepared for their roles. The company invests in technology, improving efficiency.
Commented in February 26, 2025
35
3
The insurance sector is fast-paced, but management ensures workloads are manageable. The company culture here is one of the best I’ve experienced. Management is supportive, and career growth opportunities exist. Training is provided, but additional specialized courses could enhance skill development.
Commented in September 24, 2024
37
3
Colleagues are helpful. New tools and training are regularly introduced. The insurance products are competitive, and client interactions are fulfilling. Benefits like wellness programs and bonuses add to job satisfaction. There’s a strong focus on professional development, with regular skill-building sessions.
Commented in June 08, 2024
12
3
The office environment is modern and welcoming. The workplace is well-organized, and processes are streamlined. There’s a strong emphasis on professional development, with access to certifications and workshops. The team is collaborative, and management is supportive of new ideas. Compensation is fair, with performance bonuses and annual raises. The insurance industry can be demanding, but the sup...
Commented in May 13, 2024
9
3
There are plenty of opportunities to take on new challenges, and leadership recognizes hard work. Enjoy the team culture. The company operates efficiently with structured processes in place. There are occasional team-building activities, which add a nice touch.
Commented in January 19, 2024
26
2

Virginia Retirement System Overview

Website
www.varetire.org
Founded In
Data pending, update soon.
Employees
200 - 500 employees
Industry
Insurance
Headquarter Address
1200 E Main St Richmond Virginia VA 23218
Revenue
$50 Million - $200 Million
Phone Number
+1 8046498059
Social Media
About Virginia Retirement System
The Virginia Retirement System, an independent state agency based in Richmond, delivers retirement and other benefits to covered Virginia public sector employees through sound financial stewardship and superior customer service. VRS ranks as the 18th largest public or private pension fund in the U.S. and the 41st largest in the world, serving more than 742,000 active and inactive members, retirees

What Benefits Does Virginia Retirement System Offer Beyond Salary?

A competitive compensation package is more than just a salary. Virginia Retirement System offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Richmond?

Understanding the cost of living near Richmond is key to truly evaluating a salary offer or your current compensation at Virginia Retirement System.
Richmond's Cost of Living Index is approximately 95.8 (4.2% less expensive than US average; 8.0% less than VA average). State capital, historic, arts/food scene, affordable housing. GRTC bus. When planning your budget based on a salary from Virginia Retirement System, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,100 - $1,600+ A significant portion of Virginia Retirement System salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (GRTC monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $580 Can be higher with more dining out or specialty stores.
Personal & Leisure $380 - $700+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,440 - $3,790+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Virginia Retirement System

1. How much does Virginia Retirement System in the United States pay?

Virginia Retirement System pays its employees an average of $104,868 per year. The average salary at Virginia Retirement System range from $92,167 to $118,744 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills and location.

2. Do Virginia Retirement System employees get a higher salary than its peer company?

The salary at Virginia Retirement System is lesser than its peer company. The average annual salary at Virginia Retirement System is $104,868, or an hourly wage of $50, in comparison to nationwide financial grp Inc which pays $105,026 per year or $50 per hour.

3. What are the highest paying jobs at Virginia Retirement System?

The higher-paying job at Virginia Retirement System, according to our data, include Chief Financial Officer (avg. $423,222 per year), Chief Investment Officer (avg. $364,081 per year), and Controller (avg. $242,977 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at Virginia Retirement System?

Salary progression with years of experience at Virginia Retirement System is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at Virginia Retirement System vary by office location?

Yes, it's very likely that salaries at Virginia Retirement System vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Richmond section provides more context.

6. Does Virginia Retirement System offer good benefits?

Virginia Retirement System typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Virginia Retirement System" section on this page.

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