Employer Update

Which legislation impacts VRS? View VRS-related House and Senate bills online. Look for a full legislative summary in May.

2021 COLA and hazardous duty supplement increases take effect July 1 for eligible retirees: A cost-of-living adjustment (COLA) of 1.23% takes effect July 1 for eligible retirees in Plan 1, Plan 2 or the Hybrid Retirement Plan (defined benefit component only). The hazardous duty supplement will increase July 1 to $1,222 per month ($14,664 annually).

Members should beware of unsolicited offers for retirement counseling services: Remember, VRS offers its counseling services free of charge. If members are uncertain that a communication originated with VRS, please encourage them to call 888-827-3847.

Defined contribution plan distribution requests move online: To improve account security and efficiency, VRS defined contribution plan participants may now conveniently request a distribution through Account Access, ICMA-RC's secure online portal.

Are you new to administering VRS benefits? Let us know so our employer representative team can introduce themselves to you and point you to resources and training opportunities.