Virginia Retirement System; investments, diversity, equity, and inclusion investing restricted.

Virginia Retirement System; investments; diversity,equity, and inclusion investing restricted. Provides that unlessthe Board of Trustees of the Virginia Retirement System can demonstratethat a social investment, defined in the bill, would provide a superior rate of return compared to a similar investment that is not a socialinvestment with a similar time horizon and risk, neither the Boardnor any external fiduciary utilized by the Board may invest or makerecommendations regarding state funds for the purpose of social investmenton or after July 1, 2024.