The selection of services related to the management, purchase, or sale of authorized investments, actuarial services, and disability determination services shall be governed by the standard of care in § 51.1-124.30 and shall not be subject to the provisions of the Virginia Public Procurement Act (§ 2.2-4300 et seq.).
Exemption from Public Procurement Act
Va. Code Ann. § 51.1-124.32, under Chapter 1. Virginia Retirement System..
Va. Code Ann. § 51.1-124.32