The stress tests would enable better understanding of the effects of economic swings and more, on pension investments. (Photo: iStock)

Virginia is working on ways to monitor its pension funds’ fiscal strength, and the measures involved could put the state at the forefront of the nation in doing so.

According to a report from the Pew Charitable Trusts, in December, the newly created Virginia Commission on Employee Retirement Security and Pension Reform voted to propose two reforms to the state retirement system to the legislature and three procedural changes to the Virginia Retirement System’s board of trustees.

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