{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/30-332.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/30-332.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/30-332.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/30-332.html"}],"law_id":358700,"edition_id":2,"section_id":358700,"structure_id":51312,"section_number":"30-332","catch_line":"Required reports","history":"2012, cc. 591, 659; 2024, c. 217.","full_text":"A\n\nThe Commonwealth Savers Plan shall submit to the General Assembly, through the Commission, annual reports on the investment programs of the Commonwealth Savers Plan. The report shall be presented in a format approved by the Commission and shall include information concerning (i) planned or actual material changes in asset allocation, (ii) investment performance of all asset classes and subclasses, and (iii) investment policies and programs.\n\nB\n\nThe Commonwealth Savers Plan shall submit an annual report on the actuarial soundness of the Plan’s prepaid programs, which shall include (i) contract pricing policies and objectives, (ii) current and projected assets and actuarially estimated value of tuition obligations, and (iii) actuarial assumptions.\n\nC\n\nThe Commonwealth Savers Plan shall furnish such reports or information as may be requested by the Commission or standing committees of the General Assembly having jurisdiction over the subject matter that is the basis of such committees’ inquiry.\n\nD\n\nThe Commission shall publish the following reports concerning the Commonwealth Savers Plan: (i) a biennial status report that shall include, at a minimum and where appropriate, findings and recommendations and (ii) with the assistance of an actuary, a review of the Commonwealth Savers Plan’s annual actuarial valuation reports once every four years.\n\n","order_by":null,"text":{"0":{"id":1334325,"text":"The Commonwealth Savers Plan shall submit to the General Assembly, through the Commission, annual reports on the investment programs of the Commonwealth Savers Plan. The report shall be presented in a format approved by the Commission and shall include information concerning (i) planned or actual material changes in asset allocation, (ii) investment performance of all asset classes and subclasses, and (iii) investment policies and programs.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":1334326,"text":"The Commonwealth Savers Plan shall submit an annual report on the actuarial soundness of the Plan’s prepaid programs, which shall include (i) contract pricing policies and objectives, (ii) current and projected assets and actuarially estimated value of tuition obligations, and (iii) actuarial assumptions.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":1334327,"text":"The Commonwealth Savers Plan shall furnish such reports or information as may be requested by the Commission or standing committees of the General Assembly having jurisdiction over the subject matter that is the basis of such committees’ inquiry.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":1334328,"text":"The Commission shall publish the following reports concerning the Commonwealth Savers Plan: (i) a biennial status report that shall include, at a minimum and where appropriate, findings and recommendations and (ii) with the assistance of an actuary, a review of the Commonwealth Savers Plan’s annual actuarial valuation reports once every four years.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C"}},"ancestry":[{"id":51312,"edition_id":2,"name":"Commonwealth Savers Plan Oversight Act","identifier":"51","label":"chapter","depth":2,"order_by":27,"parent_id":51255,"metadata":{"child_laws":6,"child_structures":0},"date_created":"2026-08-02 02:40:29","date_modified":"2026-08-02 12:32:04","permalink":{"id":1427489,"object_type":"structure","relational_id":51312,"identifier":"51","token":"30\/51","url":"\/30\/51\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51255,"edition_id":2,"name":"General Assembly","identifier":"30","label":"title","depth":1,"order_by":73,"parent_id":null,"metadata":{"child_laws":476,"child_structures":87},"date_created":"2026-08-02 02:39:52","date_modified":"2026-08-02 12:31:55","permalink":{"id":1426021,"object_type":"structure","relational_id":51255,"identifier":"30","token":"30","url":"\/30\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":358698,"structure_id":51312,"section_number":"30-330","catch_line":"Title of chapter and purpose","url":"\/30-330\/","token":"30\/51\/30-330","metadata":false},{"id":358699,"structure_id":51312,"section_number":"30-331","catch_line":"Duties and powers","url":"\/30-331\/","token":"30\/51\/30-331","metadata":false},{"id":358700,"structure_id":51312,"section_number":"30-332","catch_line":"Required reports","url":"\/30-332\/","token":"30\/51\/30-332","metadata":false},{"id":358701,"structure_id":51312,"section_number":"30-333","catch_line":"Use of consultants","url":"\/30-333\/","token":"30\/51\/30-333","metadata":false},{"id":358702,"structure_id":51312,"section_number":"30-334","catch_line":"Cooperation of other agencies","url":"\/30-334\/","token":"30\/51\/30-334","metadata":false},{"id":358703,"structure_id":51312,"section_number":"30-335","catch_line":"Funding for the Commission's oversight activities","url":"\/30-335\/","token":"30\/51\/30-335","metadata":false}],"previous_section":{"id":358699,"structure_id":51312,"section_number":"30-331","catch_line":"Duties and powers","url":"\/30-331\/","token":"30\/51\/30-331","metadata":false},"next_section":{"id":358701,"structure_id":51312,"section_number":"30-333","catch_line":"Use of consultants","url":"\/30-333\/","token":"30\/51\/30-333","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/30-332\/","history_text":"

This law was first created in 2012. The record of its establishment is cataloged in chapters 591<\/a> and 659<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2024, chapter 217<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1427499,"object_type":"law","relational_id":358700,"identifier":"30-332","token":"30\/51\/30-332","url":"\/30-332\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/30-332\/","token":"30\/51\/30-332","dublin_core":{"Title":"Required reports","Type":"Text","Format":"text\/html","Identifier":"\u00a7 30-332","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The Commonwealth Savers Plan shall submit to the General Assembly, through the Commission, annual reports on the investment programs of the Commonwealth Savers Plan. The report shall be presented in a format approved by the Commission and shall include information concerning (i) planned or actual material<\/span> changes in asset allocation, (ii) investment performance of all asset classes and subclasses, and (iii) investment policies and programs. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The Commonwealth Savers Plan shall submit an annual report on the actuarial soundness of the Plan’s prepaid programs, which shall include (i) contract<\/span> pricing policies and objectives, (ii) current and projected assets<\/span> and actuarially estimated value of tuition obligations, and (iii) actuarial assumptions. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The Commonwealth Savers Plan shall furnish such reports or information as may be requested by the Commission or standing committees of the General Assembly having jurisdiction<\/span> over the subject matter that is the basis of such committees’ inquiry. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> The Commission shall publish the following reports concerning the Commonwealth Savers Plan: (i) a biennial status report that shall include, at a minimum and where appropriate, findings<\/span> and recommendations and (ii) with the assistance of an actuary, a review of the Commonwealth Savers Plan’s annual actuarial valuation reports once every four years. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nREQUIRED REPORTS (\u00a7 30-332)\n\nA. The Commonwealth Savers Plan shall submit to the General Assembly, through\nthe Commission, annual reports on the investment programs of the Commonwealth\nSavers Plan. The report shall be presented in a format approved by the\nCommission and shall include information concerning (i) planned or actual\nmaterial changes in asset allocation, (ii) investment performance of all asset\nclasses and subclasses, and (iii) investment policies and programs.\n\nB. The Commonwealth Savers Plan shall submit an annual report on the actuarial\nsoundness of the Plan’s prepaid programs, which shall include (i) contract\npricing policies and objectives, (ii) current and projected assets and\nactuarially estimated value of tuition obligations, and (iii) actuarial\nassumptions.\n\nC. The Commonwealth Savers Plan shall furnish such reports or information as may\nbe requested by the Commission or standing committees of the General Assembly\nhaving jurisdiction over the subject matter that is the basis of such\ncommittees’ inquiry.\n\nD. The Commission shall publish the following reports concerning the\nCommonwealth Savers Plan: (i) a biennial status report that shall include, at a\nminimum and where appropriate, findings and recommendations and (ii) with the\nassistance of an actuary, a review of the Commonwealth Savers Plan’s\nannual actuarial valuation reports once every four years.\n\nHISTORY: 2012, cc. 591, 659; 2024, c. 217.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}