Employer Update

As the new fiscal year gets underway, take note of key processes employers need to perform in myVRS Navigator.

Report employee salary changes to VRS: If you have initiated salary changes in your payroll system at the start of the fiscal year, report the salary increases or decreases to VRS. This will ensure contributions you collect are correctly posted to member accounts.

Update records for contractual employees: At the start of each new fiscal year, myVRS Navigator must be updated for all returning VRS-covered contract employees. If you have not updated your employees' contract start dates for the new fiscal year, myVRS Navigator will advance the dates automatically by one year, 10 business days after the last monthly snapshot is confirmed.

Refer to the Fiscal Year-End Reminders webpage for further instructions on reporting salary changes and updating contract details.

Certifying retirements in myVRS Navigator? Keep these important process steps in mind:

• VRS will send a secure message to the Person Account Processor, Employment Processor and Security Administrator about pending retirements during the month. Any of these roles can confirm the retirement.
• If the member is purchasing prior service before retirement, converting sick leave or disability credits, do not separate the member until VRS receives final payment for the purchase of service and any conversions are complete. Payment must be received by VRS on or before the last day a member works.

If a pending retirement notice for the previous month arrives after you've generated your monthly snapshot, be sure to certify the retirement and separate the member by month-end.