On the heels of the resignation of Virginia Retirement System director Robert P. Schultze, the system’s trustees have named a new acting director: Patricia S. Bishop, who also serves as VRS’ deputy director.
The system will begin looking for an executive search firm to find its next, permanent director.
From Pensions & Investments:
Patricia S. Bishop will serve as acting director for the $66 billion Virginia Retirement System, Richmond.
The announcement was made at the board of trustees meeting Friday. Current director Robert P. Schultze is leaving Feb. 16 to become the president and CEO of ICMA-RC.
Ms. Bishop, who joined VRS in 2008, is currently deputy director, overseeing implementation of benefit policy and processing, retirement counseling, call center services, training and education services, and insurance programs.
The VRS staff was instructed to prepare an RFP for an executive search firm to find a permanent replacement.
Robert P. Schultze announced his resignation from VRS earlier this month.
VRS manages $66 billion in assets.
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