Employer Update

2021 COLA and hazardous duty supplement increases took effect July 1: A cost-of-living adjustment (COLA) of 1.23% took effect July 1 for eligible retirees in Plan 1, Plan 2 and the Hybrid Retirement Plan (defined benefit component only). The increase applies to benefit payments deposited on August 1. The hazardous duty supplement increased July 1 to $1,222 per month ($14,664 annually). Eligible retirees began seeing the increase beginning in their August 1 benefit payments.

Find updated Canceled Records Report in myVRS Navigator: The state has switched its financial reporting system and will gradually phase out PMIS. If you’re looking for the PMIS Canceled Records Report in the myVRS Navigator Report Repository, be advised this report’s name has been changed to ER Centralized State Systems – Canceled Records Report. State employers use this report to manually update member records as needed.

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.

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.